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Fidelity Global Emerging Markets Fund

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Access to a prudent, focused investment process designed to provide investors with attractive returns over time
A strong track record backed by more than 20 years’ experience investing in emerging markets, informed by over 50 on-the-ground analysts
A concentrated portfolio with low turnover and a patient approach which allows opportunities time to come to fruition

 

Meet Alex Duffy

Portfolio Manager of the Fidelity Global Emerging Markets Fund outlines how he approaches investing and why emerging markets are so unique.
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The Good, the Bad and the Ugly

The Good, the Bad and the Ugly

Alex Duffy comments on three current themes in Emerging Markets and examines their impact longer term.

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Fund facts

Investment Objectives

To achieve returns in excess of the MSCI Emerging Markets Index NR over the suggested minimum investment time period of seven years plus.

Unit prices (at 26/06/17)^^
13.3849 / 13.2783 Download History
Portfolio manager
Alex Duffy
Appointed to fund
16 December 2013
Joined Fidelity
2004
Location
Singapore
Fund size (at 26/06/17)
A$5.65M
Benchmark
MSCI Emerging Markets Index NR
Distribution freq.
Annually
Management costs^
1.31% p.a.
Currency
Australian Dollar
Buy/sell spread
0.40%/0.40%
Inception date
16 December 2013
ARSN
165837150
APIR code
FID0031AU
mFund code
FIL31

Past performance net returns as at 31/05/17

Timeframe 1 mth
%
3 mth
%
6 mth
%
1 yr
%
3 yr
% pa
5 yr
% pa
Since inception
(16/12/13) % pa
Fund* 3.88 11.96 15.51 19.58 10.51 - 9.15
Benchmark** 3.43 11.40 16.63 23.99 9.47 - 8.43
Active return 0.45 0.56 -1.12 -4.41 1.04 - 0.72

Growth and income net as at 31/05/2017

1 yr
%
3 yr
% pa
5 yr
% pa
Since inception
(16/12/13) % pa
Total return 19.58 10.51 - 9.15
Growth 17.89 9.62 - 8.38
Income 1.69 0.89 - 0.77

Distributions

Latest distribution Distribution (CPU)* Reinvestment price
30-Jun-16 15.988053 $11.1475

*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.

Sector breakdown as at 31/05/17

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Top 10 holdings as at 31/05/2017

% total net assets
HDFC BANK LTD 5.1%
AIA GROUP LTD 5.0%
TAIWAN SEMICONDUCTR MFG CO LTD 4.9%
NASPERS LTD 4.9%
MIDEA GROUP CO LTD 3.6%
TECHTRONIC INDUSTRIES CO LTD 2.9%
SAMSONITE INTERNATIONAL SA 2.9%
ULTRAPAR PARTICIPACOES SA 2.8%
AVI LTD 2.7%
SAMSUNG ELECTRONICS CO LTD 2.6%

Top overweight positions as at 31/05/17

Fund % Index % Relative %
HDFC BANK LTD 5.1 0.0 5.1
AIA GROUP LTD 5.0 0.0 5.0
MIDEA GROUP CO LTD 3.6 0.0 3.6
TECHTRONIC INDUSTRIES CO LTD 2.9 0.0 2.9
NASPERS LTD 4.9 2.0 2.9

Top underweight positions as at 31/05/17

Fund % Index % Relative %
TENCENT HLDGS LTD 0.0 4.2 -4.2
ALIBABA GROUP HOLDING LTD 0.0 3.0 -3.0
SAMSUNG ELECTRONICS CO LTD 2.6 4.9 -2.3
CHINA CONSTRUCTION BANK 0.0 1.5 -1.5
CHINA MOBILE LTD 0.0 1.5 -1.5

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. *The returns shown have been calculated using the net asset value of the Fund from one period to the next. The returns include any re-invested distributions and are after fees and expenses. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. For periods greater than one year returns have been annualised. Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component.** 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.

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.
^Management 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.
#The Fund may pay distributions annually.
^^These application and redemption prices are current as at the time of this communication, but are not the guaranteed prices you will receive should you apply for or redeem any units on or after the time of this communication, because the actual price may be calculated by reference to a different date.

This website is intended to provide general information only and has been prepared without taking into account your objectives, financial situation or needs. You should consider these matters before acting on the information and consider the relevant Product Disclosure Statement for any product named on this website before making an investment decision.

© 2017 FIL Responsible Entity (Australia) Limited ABN 33 148 059 009, AFSL No. 409340.
Fidelity, Fidelity International and the Fidelity International logo and F symbol are trademarks of FIL limited.

This document is issued by FIL Responsible Entity (Australia) Limited ABN 33 148 059 009, AFSL No. 409340 ("Fidelity Australia"). Fidelity Australia is a member of the FIL Limited group of companies commonly known as Fidelity International. Prior to making an investment decision retail investors should seek advice from their financial adviser. Please remember past performance is not a guide to the future. Investors should also obtain and consider the Product Disclosure Statements ("PDS") for the fund mentioned in this document. The PDS is available on www.fidelity.com.au or can be obtained by contacting Fidelity Australia on 1800 119 270. This document has been prepared without taking into account your objectives, financial situation or needs. You should consider such matters before acting on the information contained in this document. This document may include general commentary on market activity, industry or sector trends or other broad based economic or political conditions which should not be construed as investment advice. Information stated herein about specific securities is subject to change. Any reference to specific securities should not be construed as a recommendation to buy, sell or hold these securities. While the information contained in this document has been prepared with reasonable care no responsibility or liability is accepted for any errors or omissions or misstatements however caused. The document may not be reproduced or transmitted without prior written permission of Fidelity Australia. The issuer of Fidelity funds is FIL Responsible Entity (Australia) Limited ABN 33 148 059 009. References to ($) are in Australian dollars unless stated otherwise. © 2017 FIL Responsible Entity (Australia) Limited. Fidelity, Fidelity International, and the Fidelity International logo and F symbol are trademarks of FIL Limited.