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 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.
Key facts
| FUND | INAV | |
|---|---|---|
| ISIN | AU0000027708 | |
| SEDOL | BGDQ7G1 | |
| RIC | FEMX.AX | FEMXAUiv.P |
| Bloomberg Code | FEMX AU Equity | FEMXIV Index |
Fund performance3
Net returns as at 31 December 2021
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 11.54 | 3.44 | 8.10 |
| 3 yr % pa | 18.80 | 9.76 | 9.04 |
| 5 yr % pa | - | - | - |
| Since inception (29/10/18) % pa | 19.81 | 10.60 | 9.21 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (29/10/18) % pa |
|---|---|---|---|---|
| Fund | 11.54 | 18.80 | - | 19.81 |
| Benchmark | 3.44 | 9.76 | - | 10.60 |
| Active return | 8.10 | 9.04 | - | 9.21 |
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 December 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 December 2021
As at 31 December 2021
| % total net assets | |
|---|---|
| TAIWAN SEMICONDUCTOR MFG CO LTD | 8.1% |
| HDFC BANK LTD | 4.8% |
| CHINA MENGNIU DAIRY CO | 4.2% |
| AIA GROUP LTD | 4.0% |
| MEDIATEK INC | 3.9% |
| INFOSYS LTD | 3.7% |
| BANK CENTRAL ASIA TBK PT | 3.6% |
| LI NING CO LTD | 3.6% |
| SAMSUNG ELECTRONICS CO LTD | 3.3% |
| FIRST QUANTUM MINERALS LTD | 3.1% |
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
- The case for investing emerging markets
- Distribution Reinvestment Plan (DRP)(82.73KB)
- Infographic: Global Emerging Markets
- Product Disclosure Statement(176.95KB)
- Quarterly top 10 holdings(581.79KB)
- Active ETF Product distinctions flyer(256.86KB)
- Fund Flyer(555.87KB)
- Fund fact sheet(81.13KB)
- Target Market Determination (TMD)
Fund ratings4
| 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
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2022 Outlook: Emerging Markets
It is hard to predict how markets will behave in a year’s time. Still, we believe that most emerging economies' underlying structural growth trends will continue to drive corporate earnings and returns for investors over the medium-to-long term. While we remain aware of what is happening on the macroeconomic and political fronts, we will stay focused on the companies we either own or want to include in the strategy to drive alpha for our investors.
The Investor's Guide to China: Demographics
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To say China’s stock market has disappointed this year is something of an understatement. High commodity prices, chip shortages, a slump in the property market, widespread floods and a partial port shutdown have combined to depress activity. However, we are seeing signs that these are no more than sideshows to the main event – the growth currently being achieved by the economy, and the growth yet to come.
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
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Against a backdrop of the ongoing pandemic, tighter regulation in China, and the prospect of reduced policy support from global central banks, 2021 has not been without its risks. However, as we look to the new year, we see opportunities for careful, bottom-up stock pickers in a wide range of industries across Asia
2022 Outlook: Emerging Markets
It is hard to predict how markets will behave in a year’s time. Still, we believe that most emerging economies' underlying structural growth trends will continue to drive corporate earnings and returns for investors over the medium-to-long term. While we remain aware of what is happening on the macroeconomic and political fronts, we will stay focused on the companies we either own or want to include in the strategy to drive alpha for our investors.
The Investor's Guide to China: Demographics
China’s labour pool is shrinking as the population ages and more people retire than enter the workforce. How people save and invest as they think about wealth preservation signals big challenges and opportunities for China’s pension system development. So, how will government policy seek to ensure that the corporate sector remains dynamic and innovative, and can keep attracting the talent it needs?
Is it worth sticking with China?
To say China’s stock market has disappointed this year is something of an understatement. High commodity prices, chip shortages, a slump in the property market, widespread floods and a partial port shutdown have combined to depress activity. However, we are seeing signs that these are no more than sideshows to the main event – the growth currently being achieved by the economy, and the growth yet to come.
Awards6
The Fidelity Global Emerging Markets Fund won the Money Management Fund Manager of the Year - Global Emerging Market Equities - Winner - 20203 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 cap5. 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
- The case for investing emerging markets
- Distribution Reinvestment Plan (DRP)(82.73KB)
- Infographic: Global Emerging Markets
- Product Disclosure Statement(176.95KB)
- Quarterly top 10 holdings(581.79KB)
- Active ETF Product distinctions flyer(256.86KB)
- Fund Flyer(555.87KB)
- Fund fact sheet(81.13KB)
- Target Market Determination (TMD)
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.