To achieve returns in excess of the MSCI All Country Asia ex-Japan Index NR over the medium to long term.
Access to a concentrated high conviction portfolio of typically between 20 to 35 companies across Asia.
Uses a bottom-up stock selection process that favours companies with a compelling business model, above average earnings rate, increasing returns on equity over time and attractive valuations.
A disciplined portfolio construction process with a 'one stock in, one stock out' approach designed to increase the prospect of each company making a meaningful contribution.
Want to stay up to date with the latest from the Fidelity Asia Fund? Join Investment Director, Gary Monaghan as he provides a short quarterly update covering:
You can get more information about the Fund's top holdings here.
See for yourself how the fund has performed since inception. The chart below represents the value now of $10,000 invested in the Fidelity Asia Fund in September 2005 compared with $10,000 invested in the MSCI All Country Asia ex-Japan Index NR.
Chart as at: 31 March 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 AC Asia ex-Japan Index NR, effective 1 January 2010. Benchmark data prior to 1 January 2010 is a blend of the MSCI Asia ex-Japan index and the MSCI All Country Asia ex-Japan 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 31 March 2024
Timeframe | Fund | Benchmark | Active return |
---|---|---|---|
1 yr % | 1.69 | 6.75 | -5.06 |
3 yr % pa | -0.56 | -1.90 | 1.34 |
5 yr % pa | 6.90 | 3.69 | 3.21 |
7 yr % pa | 10.23 | 6.32 | 3.91 |
10 yr % pa | 12.22 | 7.90 | 4.32 |
15 yr % pa | 11.11 | 8.34 | 2.77 |
Since inception (29/09/05) % pa | 9.68 | 6.96 | 2.72 |
Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
Since inception (29/09/05) % pa |
---|---|---|---|---|---|---|---|
Fund | 1.69 | -0.56 | 6.90 | 10.23 | 12.22 | 11.11 | 9.68 |
Benchmark | 6.75 | -1.90 | 3.69 | 6.32 | 7.90 | 8.34 | 6.96 |
Active return | -5.06 | 1.34 | 3.21 | 3.91 | 4.32 | 2.77 | 2.72 |
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 AC Asia ex-Japan Index NR, effective 1 January 2010. Benchmark data prior to 1 January 2010 is a blend of the MSCI Asia ex-Japan index and the MSCI All Country Asia ex-Japan 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 31 March 2024
Total return | Growth | Income | |
---|---|---|---|
1 yr % | 1.69 | 0.15 | 1.54 |
3 yr % pa | -0.56 | -3.14 | 2.58 |
5 yr % pa | 6.9 | 4.44 | 2.46 |
7 yr % pa | 10.23 | 6.67 | 3.56 |
10 yr % pa | 12.22 | 8.2 | 4.02 |
15 yr % pa | 11.11 | 7.98 | 3.13 |
Since inception (29/09/05) % pa | 9.68 | 5.12 | 4.56 |
1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
Since inception (29/09/05) % pa |
|
---|---|---|---|---|---|---|---|
Total return | 1.69 | -0.56 | 6.9 | 10.23 | 12.22 | 11.11 | 9.68 |
Growth | 0.15 | -3.14 | 4.44 | 6.67 | 8.2 | 7.98 | 5.12 |
Income | 1.54 | 2.58 | 2.46 | 3.56 | 4.02 | 3.13 | 4.56 |
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 AC Asia ex-Japan Index NR, effective 1 January 2010. Benchmark data prior to 1 January 2010 is a blend of the MSCI Asia ex-Japan index and the MSCI All Country Asia ex-Japan 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.
As at 31 March 2024
As at 31 March 2024
% total net assets | |
---|---|
SAMSUNG ELECTRONICS CO LTD | 10.3% |
HDFC BANK LTD | 10.1% |
TAIWAN SEMICONDUCTOR MFG CO LTD | 10.1% |
FOCUS MEDIA INFORMATION TECHNOLOGY CO LTD | 9.8% |
KWEICHOW MOUTAI CO LTD | 9.1% |
TECHTRONIC INDUSTRIES CO LTD | 6.8% |
AIA GROUP LTD | 4.3% |
YUM CHINA HOLDINGS INC | 4.1% |
CHINA MERCHANTS ENERGY SHP LTD | 3.7% |
NAVER CORP | 3.5% |
As at 31 March 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
FOCUS MEDIA INFORMATION TECHNOLOGY CO LTD | 9.8 | 0.0 | 9.8 |
HDFC BANK LTD | 10.1 | 0.8 | 9.3 |
KWEICHOW MOUTAI CO LTD | 9.1 | 0.3 | 8.8 |
TECHTRONIC INDUSTRIES CO LTD | 6.8 | 0.3 | 6.5 |
SAMSUNG ELECTRONICS CO LTD | 10.3 | 5.4 | 4.9 |
As at 31 March 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
TENCENT HLDGS LTD | 0.0 | 4.2 | -4.2 |
ALIBABA GROUP HOLDING LTD | 0.0 | 2.4 | -2.4 |
RELIANCE INDUSTRIES LTD | 0.0 | 1.8 | -1.8 |
PDD HOLDINGS INC | 0.0 | 1.1 | -1.1 |
ICICI BANK LTD | 0.0 | 1.1 | -1.1 |
Distribution | Distribution (CPU) | Reinvestment price |
---|---|---|
30-Jun-23 | 37.1710 | $24.2800 |
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 unhedged and is subject to the risk of fluctuations in international stock markets and currencies. 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 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.
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 the growth opportunities of this region with winner of the 2023 Money Management Global Emerging Markets Fund Manager of the Year.
A strong sixeen-year track record, backed by 50 years' experience in Asia, informed by 50 on-the-ground research professionals and more than 400 investment experts around the world.
This concentrated approach allows the portfolio manager to focus more time on specific stocks and thereby generates a greater chance of meaningful contribution
What three advantages does the Fidelity Asia Fund offer to clients? Anthony Srom, Portfolio Manager of the Fidelity Asia Fund describes the most important elements of his investment process and how he aims to bring the best ideas in the region into the portfolio and managing the risk around it.
Portfolio Manager, Anthony Srom for the Fidelity Asia Fund explains the key tenants of the Fund's outperformance and why he thinks this makes it a good choice for those wanting exposure to Asia.
This Fund is unhedged and is subject to the risk of fluctuations in international stock markets and currencies. 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 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.
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.