The Fidelity Global Emerging Markets Fund is available as an Unlisted Fund or ASX Quoted Fund.
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 31 August 2021
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 34.52 | 22.56 | 11.96 |
| 3 yr % pa | - | - | - |
| 5 yr % pa | - | - | - |
| Since inception (29/10/18) % pa | 24.20 | 13.85 | 10.35 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (29/10/18) % pa |
|---|---|---|---|---|
| Fund | 34.52 | - | - | 24.20 |
| Benchmark | 22.56 | - | - | 13.85 |
| Active return | 11.96 | - | - | 10.35 |
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.
Chart as at: 31 August 2021
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 31 August 2021
As at 31 August 2021
| % total net assets | |
|---|---|
| TAIWAN SEMICONDUCTOR MFG CO LTD | 7.0% |
| HDFC BANK LTD | 4.9% |
| AIA GROUP LTD | 4.3% |
| LI NING CO LTD | 4.2% |
| CHINA MENGNIU DAIRY CO | 3.9% |
| TECHTRONIC INDUSTRIES CO LTD | 3.3% |
| BANK CENTRAL ASIA TBK PT | 3.1% |
| SAMSUNG ELECTRONICS CO LTD | 3.1% |
| TATA CONSULTANCY SERVICES LTD | 3.1% |
| HOUSING DEV FINANCE CORP LTD | 2.9% |
Distributions, Fund payment summary and ASX announcements
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 30-Jun-21 | 3.1449 | $6.8992 |
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
Fund ratings3
| Organisation | Rating / Recommendation |
|---|---|
| Lonsec |
Investment Grade3
The report is only available to financial services professionals, please contact Fidelity to get a copy
|
| Morningstar | Neutral4 |
Morningstar 2020 Australia Fund Manager of the Year5
Get Fidelity insights
Fidelity Insights is a free, monthly e-newsletter that brings you valuable and distilled investment insights, opinion and education.
Thank you. You have been subscribed and will receive a confirmation email shortly.
Related insights
A post-COVID world: EM's time to shine
As COVID-19 battered the world’s economies last year, emerging markets were among some of the hardest hit; they also saw one of the better recoveries when equity markets rebounded towards the close of 2020.
Diversify your portfolio
When it comes to success stories, the ASX includes many brands that have made their mark. However, a portfolio heavily weighted to Australian equities can carry concentration risk and limit your portfolio's diversification. Are you missing a world of opportunity?
Capture growth in rapidly expanding themes and sectors
Global shares also offer diversification across sectors and market capitalisation that would not be possible to achieve by investing in Australian equities alone. With more than 41,000 listed companies on stock exchanges worldwide, investing globally can feel too big, or too risky and complicated. But it doesn't have to be; in fact, access to international markets may be easier than you think.
Global growth is weighted in favour of emerging markets
With emerging markets set to make up more than 62 per cent of world GDP by next year – up from 54 per cent – now is perhaps the time to seriously look at including an emerging market exchange traded fund in your portfolio.
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 diversified portfolio of 30 to 50 actively managed emerging market shares.
Access to a prudent, focused investment process designed to provide you with attractive returns over time, and minimise downside risk.
There is no paperwork for investors with a trading account and no minimum investment size.
What are active ETFs?
Settle into our short video to learn more about Active ETFs and whether they suit your portfolio.
Meet Amit Goel
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.
Related insights
A post-COVID world: EM's time to shine
As COVID-19 battered the world’s economies last year, emerging markets were among some of the hardest hit; they also saw one of the better recoveries when equity markets rebounded towards the close of 2020.
Diversify your portfolio
When it comes to success stories, the ASX includes many brands that have made their mark. However, a portfolio heavily weighted to Australian equities can carry concentration risk and limit your portfolio's diversification. Are you missing a world of opportunity?
Capture growth in rapidly expanding themes and sectors
Global shares also offer diversification across sectors and market capitalisation that would not be possible to achieve by investing in Australian equities alone. With more than 41,000 listed companies on stock exchanges worldwide, investing globally can feel too big, or too risky and complicated. But it doesn't have to be; in fact, access to international markets may be easier than you think.
Global growth is weighted in favour of emerging markets
With emerging markets set to make up more than 62 per cent of world GDP by next year – up from 54 per cent – now is perhaps the time to seriously look at including an emerging market exchange traded fund in your portfolio.
Awards6
The Fidelity Future Leaders Fund was awarded the Money Management Fund Manager of the Year - Australian Small/Mid Cap Equities - Highly Commended - 20201 at the annual awards on 30 July 2020.
The awards use a combination of FE fundinfo’s quantitative fund data with the expertise of Money Management’s recognised research partners, Lonsec, Mercer, SQM Research and industry partner, IOOF to select winners.
The Fidelity Global Emerging Markets Fund won the Money Management Fund Manager of the Year - Global Emerging Market Equities - Winner - 20201 at the annual awards on 30 July 2020.
The awards use a combination of FE fundinfo’s quantitative fund data with the expertise of Money Management’s recognised research partners, Lonsec, Mercer, SQM Research and industry partner, IOOF to select winners.
Fidelity International has won two categories at the 2019 Zenith Fund Award - International equities – emerging markets & regional and Australian equities - small cap4. 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.