Investment objective
To achieve returns in excess of the MSCI Emerging Markets Index NR over the suggested minimum investment time period of seven years plus.
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.
Key facts
| FUND | INAV | |
|---|---|---|
| ISIN | AU0000027708 | |
| SEDOL | BGDQ7G1 | |
| RIC | FEMX.AX | FEMXAUiv.P |
| Bloomberg Code | FEMX AU Equity | FEMXIV Index |
Fund performance2
Net returns as at 30 April 2020
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 0.68 | -5.39 | 6.07 |
| 3 yr % pa | - | - | - |
| 5 yr % pa | - | - | - |
| Since inception (29/10/18) % pa | 14.71 | 6.93 | 7.78 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (29/10/18) % pa |
|---|---|---|---|---|
| Fund | 0.68 | - | - | 14.71 |
| Benchmark | -5.39 | - | - | 6.93 |
| Active return | 6.07 | - | - | 7.78 |
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. 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.
Sectors and holdings
As at 30 April 2020
As at 30 April 2020
| % total net assets | |
|---|---|
| TAIWAN SEMICONDUCTR MFG CO LTD | 5.4% |
| AIA GROUP LTD | 5.2% |
| HDFC BANK LTD | 4.4% |
| BANK CENTRAL ASIA TBK PT | 3.8% |
| SAMSUNG ELECTRONICS CO LTD | 3.5% |
| HOUSING DEV FINANCE CORP LTD | 3.5% |
| NASPERS LTD | 3.4% |
| TATA CONSULTANCY SERVICES LTD | 3.2% |
| TECHTRONIC INDUSTRIES CO LTD | 3.2% |
| ZHONGSHENG GROUP HOLDINGS LTD | 3.1% |
Distributions, Fund payment summary and ASX announcements
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 28-Jun-19 | 4.5943 | $5.1434 |
Find details of the Fund's Attribution Managed Investment Trust ("AMIT") status and payment information below.
This information is provided solely for the purposes of determining MIT non-resident withholding tax under the Taxation Administration Act 1953 and should not be used for any other purpose.
Fund downloads
Related insights
The current case for EM equities
The spread of COVID-19 took its toll on stock markets globally, and whilst we have much to learn about the eventual underlying economic impact of the virus, there are reasons to remain invested and opportunities to take advantage of across global emerging markets.
Global emerging markets: Q1 Update
In Q1 2020, emerging market equities recorded its worst quarter since global financial crisis. Global markets sold-off on the initial outbreak of coronavirus in China. As the virus spread beyond China to a multitude of countries stock markets throughout the world descended into a steep decline.
Emerging markets update
Alex Duffy provides an update on emerging markets and what changes he's making to position his own portfolio to manage risk today and also to create longer-term value for investors.
The stock I'm most excited about
After the rise of mechanisation, comes the rise of industrial automation, the use of computers, robots and AI to increase productivity in manufacturing. Emerging markets PM Alex Duffy shares the stock he's currently most excited about.
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 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. For periods of less than one-year returns are not annualised. The return of capital is not guaranteed.
Why this fund
One trade gives you access to a actively managed portfolio of 30-50 carefully selected companies.
We have 50 on-the-ground analysts and 20 years' investing experience in emerging markets.
Access the growth story of emerging markets, with a manager focused on mitigating risk.
Meet Alex Duffy
Alex Duffy, Portfolio Manager of the Fidelity Global Emerging Markets Fund outlines how he approaches investing and why emerging markets are so unique.
Related insights
The current case for EM equities
The spread of COVID-19 took its toll on stock markets globally, and whilst we have much to learn about the eventual underlying economic impact of the virus, there are reasons to remain invested and opportunities to take advantage of across global emerging markets.
Global emerging markets: Q1 Update
In Q1 2020, emerging market equities recorded its worst quarter since global financial crisis. Global markets sold-off on the initial outbreak of coronavirus in China. As the virus spread beyond China to a multitude of countries stock markets throughout the world descended into a steep decline.
Emerging markets update
Alex Duffy provides an update on emerging markets and what changes he's making to position his own portfolio to manage risk today and also to create longer-term value for investors.
The stock I'm most excited about
After the rise of mechanisation, comes the rise of industrial automation, the use of computers, robots and AI to increase productivity in manufacturing. Emerging markets PM Alex Duffy shares the stock he's currently most excited about.
Past insights from Alex
Awards6
Fidelity International has won two categories at the 2019 Zenith Fund Award - International equities – emerging markets & regional and Australian equities - small cap3. Fidelity was also a finalist for Fund Manager of the Year.
The annual awards were held in Sydney on 11 October 2019. The award points to the skill and expertise of Fidelity’s investment team across Fidelity’s Future Leaders Fund, Asia Fund, and Global Emerging Markets Fund. It is awarded in the name of Fidelity rather than to a specific fund.
Fund downloads
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 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. For periods of less than one-year returns are not annualised. The return of capital is not guaranteed.