Invests in a concentrated portfolio of typically 30 to 50 companies in emerging markets. The fund favours those companies that have a track record of robust corporate governance.
A rigorous bottom-up stock selection process that focuses on companies that we believe are well positioned to generate returns through market cycles and have demonstrated a track record of strong corporate governance.
A portfolio construction process based on conviction of quality and returns over time, with no reference to an underlying index.
Instantly access a prudent, focused investment process designed to provide you with attractive returns over time, and minimise downside risk.
One trade gives you access to 47 analysts on the ground in emerging markets, including China and India, means we understand local businesses and markets
There is no paperwork for investors with a trading account and no minimum investment size.
Amit Goel, Portfolio Manager of Fidelity’s Global Emerging Markets Strategies talks about his philosophy, where he is finding opportunities in emerging markets and why active management is so important when investing in the region.
Uncover the Fidelity Advantage to investing in emerging markets. Our strong on-the-ground presence allows our team of global analysts to research companies deeply so that we can invest in the best quality companies that we think will outperform over the next 10-15 years.
Chart as at: 30 November 2024
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The Fund is subject to the risk of stock market fluctuations. The return of capital is not guaranteed. Inception date is 29 October 2018. Benchmark: MSCI Emerging Markets Index NR. NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Net returns as at 30 November 2024
Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (29/10/18) % pa |
---|---|---|---|---|
Fund | 6.74 | -2.79 | 3.39 | 8.13 |
Benchmark | 13.85 | 1.56 | 3.98 | 6.31 |
Active return | -7.11 | -4.35 | -0.59 | 1.82 |
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The Fund is subject to the risk of stock market fluctuations. The return of capital is not guaranteed. Inception date is 29 October 2018. Benchmark: MSCI Emerging Markets Index NR. NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Net as at 30 November 2024
1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (29/10/18) % pa |
|
---|---|---|---|---|
Total return | 6.74 | -2.79 | 3.39 | 8.13 |
Growth | 2.99 | -4.69 | 2.08 | 6.85 |
Income | 3.76 | 1.90 | 1.31 | 1.28 |
Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component.
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The Fund is subject to the risk of stock market fluctuations. The return of capital is not guaranteed. Inception date is 29 October 2018. Benchmark: MSCI Emerging Markets Index NR. NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Distribution | Distribution (CPU) | Reinvestment price |
---|---|---|
30-Jun-24 | 21.0299 | $5.7444 |
CPU = cents per unit. The above cash CPU excludes imputation credits and foreign income tax offsets which are non-cash components and are reported in the end of year tax statement. If the Distribution CPU column is 0.0000 it means that nothing was distributed.
As at 30 November 2024
As at 30 November 2024
As at 30 November 2024
% total net assets | |
---|---|
TAIWAN SEMICONDUCTOR MFG CO LTD | 9.1% |
HDFC BANK LTD | 5.9% |
NASPERS LTD | 5.5% |
ICICI BANK LTD | 4.2% |
CHINA MENGNIU DAIRY CO | 4.1% |
AIA GROUP LTD | 4.0% |
BANK CENTRAL ASIA TBK PT | 3.0% |
GRUPO MEXICO SAB DE CV | 2.7% |
MEDIATEK INC | 2.7% |
B3 SA BRASIL BOLSA BALCAO | 2.6% |
As at 30 November 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
NASPERS LTD | 5.5 | 0.5 | 5.0 |
HDFC BANK LTD | 5.9 | 1.6 | 4.3 |
CHINA MENGNIU DAIRY CO | 4.1 | 0.1 | 4.1 |
AIA GROUP LTD | 4.0 | 0.0 | 4.0 |
ICICI BANK LTD | 4.2 | 1.0 | 3.2 |
As at 30 November 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
TENCENT HLDGS LTD | 0.0 | 4.3 | -4.3 |
ALIBABA GROUP HOLDING LTD | 0.0 | 2.3 | -2.3 |
RELIANCE INDUSTRIES LTD | 0.0 | 1.2 | -1.2 |
HON HAI PRECISION INDUSTRY CO LTD | 0.0 | 1.0 | -1.0 |
CHINA CONSTRUCTION BANK | 0.0 | 0.9 | -0.9 |
Organisation | Rating / Recommendation |
---|---|
Lonsec |
Investment Grade5
The report is only available to financial services professionals, please contact Fidelity to get a copy
|
Morningstar | Neutral6 |
Zenith | Recommended7 |
This Fund is subject to the risk of stock market fluctuations. Investors accessing the Fund through a master trust or wrap account will also bear any fees charged by the operator of such master trust or wrap account. Any apparent discrepancies in the numbers are due to rounding.
1 An intraday optimised portfolio value (IOPV) for each fund will be published throughout the ASX trading day. The IOPVs are calculated by ICE Data Indices, LLC based on the latest price of each security, amongst other factors. In equity constituent market value calculations, the last reported trade price from the composite feed (US) or primary listing exchange (non-US) is used for the latest price of each security, when those exchanges are open. When those exchanges are closed, the IOPV calculation can incorporate the Real-Time Fair Value Information Service from ICE Data Pricing & Reference Data, LLC which is a multi-factor model that calculates a real-time estimate of the price that would likely prevail in a liquid market for an equity security following the close of the local market. For more information on Fair Value Information Service methodology, please refer to: https://www.theice.com/market-data/pricing-and-evaluations/fair-value.
For IOPVs with fixed income securities, ICE Data Pricing & Reference Data, LLC’s Continuous Evaluated Pricing (CEP) service can be used to price such fixed income securities. As market data becomes available and passes internal system tolerances and parameters, CEP will update throughout the day. While updates to CEP occur more frequently during local market trading hours, CEP will update outside of normal trading hours based on market information that is available at that time. For constituents where CEP is not available, either the prior day’s evaluation or a client-provided price may be used in the IOPV calculation instead. For more information about Continuous Evaluated Pricing, please refer to: https://www.theice.com/market-data/pricing-and-evaluations/cep.
The iNAV calculations as shown (the “Data”) and provided by ICE Data Indices, LLC are updated during ASX trading hours. Powered by Factset. iNAV calculations are indicative and for reference purposes only.
The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) or their respective Third Party Suppliers.
ICE DATA OR ITS THIRD PARTY SUPPLIERS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE IOPVS, ETF STATISTICS, FUND OR ANY FUND DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
2Management costs and buy/sell spread are current as at the date of publication of this website. These fees may be subject to change in the future.
3Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.