The Fidelity Global Emerging Markets Fund is available as an Unlisted Fund or ASX Quoted Fund.
To achieve returns in excess of the MSCI Emerging Markets Index NR over the medium to long term.
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.
The chart below represents the value now of $10,000 invested in the Fidelity Global Emerging Markets Fund in December 2013 compared with $10,000 invested in the MSCI Emerging Markets Index NR.
Chart as at: 29 February 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 return of capital is not guaranteed. Benchmark: MSCI Emerging Markets Index NR. 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 29 February 2024
Timeframe | Fund | Benchmark | Active return |
---|---|---|---|
1 yr % | 2.98 | 12.61 | -9.63 |
3 yr % pa | -1.63 | -0.73 | -0.90 |
5 yr % pa | 6.78 | 3.71 | 3.07 |
7 yr % pa | 9.14 | 6.21 | 2.93 |
10 yr % pa | 8.55 | 6.33 | 2.22 |
Since inception (16/12/13) % pa | 8.18 | 5.99 | 2.19 |
Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
Since inception (16/12/13) % pa |
---|---|---|---|---|---|---|
Fund | 2.98 | -1.63 | 6.78 | 9.14 | 8.55 | 8.18 |
Benchmark | 12.61 | -0.73 | 3.71 | 6.21 | 6.33 | 5.99 |
Active return | -9.63 | -0.90 | 3.07 | 2.93 | 2.22 | 2.19 |
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 return of capital is not guaranteed. Benchmark: MSCI Emerging Markets Index NR. 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 29 February 2024
Total return | Growth | Income | |
---|---|---|---|
1 yr % | 2.98 | 2.24 | 0.74 |
3 yr % pa | -1.63 | -2.2 | 0.57 |
5 yr % pa | 6.78 | 6.04 | 0.74 |
7 yr % pa | 9.14 | 8.37 | 0.77 |
10 yr % pa | 8.55 | 7.75 | 0.8 |
Since inception (16/12/13) % pa | 8.18 | 7.4 | 0.78 |
1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
Since inception (16/12/13) % pa |
|
---|---|---|---|---|---|---|
Total return | 2.98 | -1.63 | 6.78 | 9.14 | 8.55 | 8.18 |
Growth | 2.24 | -2.2 | 6.04 | 8.37 | 7.75 | 7.4 |
Income | 0.74 | 0.57 | 0.74 | 0.77 | 0.8 | 0.78 |
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 return of capital is not guaranteed. Benchmark: MSCI Emerging Markets Index NR. 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.
As at 29 February 2024
As at 29 February 2024
% total net assets | |
---|---|
TAIWAN SEMICONDUCTOR MFG CO LTD | 9.1% |
SAMSUNG ELECTRONICS CO LTD | 5.2% |
CHINA MENGNIU DAIRY CO | 3.8% |
HDFC BANK LTD | 3.6% |
NASPERS LTD | 3.5% |
B3 SA BRASIL BOLSA BALCAO | 3.3% |
AXIS BANK LTD | 3.2% |
BANK CENTRAL ASIA TBK PT | 2.7% |
LI NING CO LTD | 2.7% |
HCL TECHNOLOGIES LTD | 2.5% |
As at 29 February 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
CHINA MENGNIU DAIRY CO | 3.8 | 0.1 | 3.7 |
B3 SA BRASIL BOLSA BALCAO | 3.3 | 0.2 | 3.1 |
NASPERS LTD | 3.5 | 0.4 | 3.1 |
HDFC BANK LTD | 3.6 | 0.7 | 2.9 |
AXIS BANK LTD | 3.2 | 0.4 | 2.8 |
As at 29 February 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
TENCENT HLDGS LTD | 0.0 | 3.3 | -3.3 |
RELIANCE INDUSTRIES LTD | 0.0 | 1.5 | -1.5 |
PDD HOLDINGS INC | 0.0 | 1.1 | -1.1 |
PETROLEO BRASILEIRO-PETROBRAS | 0.0 | 1.0 | -1.0 |
CHINA CONSTRUCTION BANK | 0.0 | 0.9 | -0.9 |
Distribution | Distribution (CPU) | Reinvestment price |
---|---|---|
30-Jun-23 | 15.0139 | $20.8821 |
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.
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.
1Management costs are current as at the date of publication of this website. These fees may be subject to change in the future.
2Total 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.
Access to a prudent, focused investment process designed to provide investors with attractive returns over time.
Forty-seven analysts on the ground in emerging markets, including China and India, means we understand local businesses and markets.
A concentrated portfolio with low turnover and a patient approach, which allows opportunities time to come to fruition.
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.
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.
1Management costs are current as at the date of publication of this website. These fees may be subject to change in the future.
2Total 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.