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 30 June 2022
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | -15.90 | -18.43 | 2.53 |
| 3 yr % pa | 5.15 | 1.25 | 3.90 |
| 5 yr % pa | - | - | - |
| Since inception (29/10/18) % pa | 11.33 | 5.07 | 6.26 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (29/10/18) % pa |
|---|---|---|---|---|
| Fund | -15.90 | 5.15 | - | 11.33 |
| Benchmark | -18.43 | 1.25 | - | 5.07 |
| Active return | 2.53 | 3.90 | - | 6.26 |
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: 30 June 2022
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 May 2022
As at 31 May 2022
| % total net assets | |
|---|---|
| TAIWAN SEMICONDUCTOR MFG CO LTD | 8.1% |
| HDFC BANK LTD | 4.6% |
| CHINA MENGNIU DAIRY CO | 4.5% |
| AIA GROUP LTD | 4.4% |
| BANK CENTRAL ASIA TBK PT | 3.4% |
| SK HYNIX INC | 3.3% |
| ZHONGSHENG GROUP HOLDINGS LTD | 3.2% |
| MEDIATEK INC | 3.2% |
| FIRST QUANTUM MINERALS LTD | 3.2% |
| SAMSUNG ELECTRONICS CO LTD | 3.0% |
Distributions, Fund payment summary and ASX announcements
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 30-Jun-22 | 9.5203 | $5.7235 |
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(493.99KB)
- Quarterly top 10 holdings(433.21KB)
- Active ETF Product distinctions flyer(256.86KB)
- Fund Flyer(374.02KB)
- Fund fact sheet(70.10KB)
- 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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Related insights
Where does Russia's war leave emerging markets?
With the stock market in suspended animation, Russia is literally ‘uninvestable’ for now. Even without that technical barrier, however, there are reasons to think it will be a long time before foreign investors summon the courage to venture back to the country.
EM: Navigating a challenging period
Global emerging markets are facing multiple challenges: the ongoing conflict between Russia and Ukraine, a surge in commodity prices, inflationary pressures, a slowdown in China and the delisting risks for Chinese ADRs. Here Portfolio Managers, Amit Goel and Punam Sharma provide their thoughts and the outlook for EM.
From the Desk of our PMs: Ukraine crisis and positioning in Russia
As the conflict in Ukraine unfolds, our portfolio managers provide update investors on their positioning in Russia for the Fidelity Global Emerging Markets Strategy.
EM to benefit from accelerating trends
Emerging markets (EM) have been growing rapidly in recent years. In fact, they now contribute over 50% of global growth and are expected to contribute over 60% by 2022. Once dominated by agriculture and cheap manufacturing, EM countries are today home to some of the world’s fastest-growing economies and most innovative companies.
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
Where does Russia's war leave emerging markets?
With the stock market in suspended animation, Russia is literally ‘uninvestable’ for now. Even without that technical barrier, however, there are reasons to think it will be a long time before foreign investors summon the courage to venture back to the country.
EM: Navigating a challenging period
Global emerging markets are facing multiple challenges: the ongoing conflict between Russia and Ukraine, a surge in commodity prices, inflationary pressures, a slowdown in China and the delisting risks for Chinese ADRs. Here Portfolio Managers, Amit Goel and Punam Sharma provide their thoughts and the outlook for EM.
From the Desk of our PMs: Ukraine crisis and positioning in Russia
As the conflict in Ukraine unfolds, our portfolio managers provide update investors on their positioning in Russia for the Fidelity Global Emerging Markets Strategy.
EM to benefit from accelerating trends
Emerging markets (EM) have been growing rapidly in recent years. In fact, they now contribute over 50% of global growth and are expected to contribute over 60% by 2022. Once dominated by agriculture and cheap manufacturing, EM countries are today home to some of the world’s fastest-growing economies and most innovative companies.
Awards6
The Fidelity Global Emerging Markets Fund is the proud winner of Money magazine’s 2022 Best of the Best International Emerging Markets Fund6 for the third year in a row.
The award recognises the fund’s patient and rigorous investment approach which guides our selection of our best ideas in emerging markets.
Money magazine selected funds with the highest ratings from Morningstar, Zenith and Lonsec and with a minimum investment amount of $25,000 or less for the category. Funds were then ranked according to their rating by each research house. Research house ratings were then combined with a further filtering process to determine the winner.
The Fidelity Global Emerging Markets Fund has been awarded the 2021 Money magazine Best of the Best award for International Equities Emerging Markets6 for the second year in a row.
Money magazine selected funds with the highest ratings from Morningstar, Zenith and Lonsec and with a minimum investment amount of $25,000 or less for the category. Funds were then ranked according to their rating by each research house. Research house ratings were then combined with a further filtering process to determine the winner.
The Fidelity Global Emerging Markets Fund won the Money Management Fund Manager of the Year - Global Emerging Market Equities - Winner - 20204 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 has been awarded the 2020 Money magazine Best of the Best award for International Equities Emerging Markets6.
Money magazine selected funds with the highest ratings from Morningstar, Zenith and Lonsec and with a minimum investment amount of $25,000 or less for the category. Funds were then ranked according to their rating by each research house. Research house ratings were then combined with a further filtering process to determine the winner.
Fidelity International has won two categories at the 2019 Zenith Fund Award - International equities – emerging markets & regional and Australian equities - small cap6. 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(493.99KB)
- Quarterly top 10 holdings(433.21KB)
- Active ETF Product distinctions flyer(256.86KB)
- Fund Flyer(374.02KB)
- Fund fact sheet(70.10KB)
- 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.