Fidelity Global Emerging Markets Fund (Managed Fund) FEMX
Fund facts Fund story Back to top Invest with us

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

About this fund
Ticker details
  FUND INAV
ISIN AU0000027708  
SEDOL BGDQ7G1  
RIC FEMX.AX FEMXAUiv.P
Bloomberg Code FEMX AU Equity FEMXIV Index
End of day price (at 13/11/19) AUD $5.37 Download end of day history
Management costs1 0.99% p.a. Fee disclosure document
Inception date 29 October 2018
Distribution frequency Annually
Currency Australian dollar
Benchmark MSCI Emerging Markets Index NR
About the manager
Portfolio manager Alex Duffy
Appointed to fund 29 October 2018
Location London
Joined Fidelity 2004
Unique identifiers
ASX ticker code FEMX
ARSN code 627 296 959

Fund performance2

Net returns as at 31 October 2019

Timeframe Fund Benchmark Active return
1 yr % 31.33 15.07 16.26
3 yr % pa - - -
5 yr % pa - - -
Since inception (29/10/18) % pa 33.61 17.34 16.27
Timeframe 1 yr
%
3 yr
% pa
5 yr
% pa
Since inception
(29/10/18) % pa
Fund 31.33 - - 33.61
Benchmark 15.07 - - 17.34
Active return 16.26 - - 16.27

Sectors and holdings

As at 30 September 2019

As at 30 September 2019

% total net assets
TAIWAN SEMICONDUCTR MFG CO LTD 5.1%
BANK CENTRAL ASIA TBK PT 4.8%
AIA GROUP LTD 4.6%
HDFC BANK LTD 4.4%
LI NING CO LTD 3.4%
SAMSUNG ELECTRONICS CO LTD 3.4%
LOJAS RENNER SA 3.1%
TECHTRONIC INDUSTRIES CO LTD 3.0%
TATA CONSULTANCY SERVICES LTD 2.9%
HOUSING DEV FINANCE CORP LTD 2.9%

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.

2019-11-01
ASX:FEM - Monthly redemption & units on issue - October 2019
2019-10-23
ASX:FEM - FEMX - Quarterly Report - September 2019
2019-10-02
ASX:FEM - Monthly redemption & units on issue - September 2019
2019-09-30
ASX:FEM - FEMX - iNAV Publication
2019-09-19
ASX:FEM - FEMX - Monthly Report - August 2019
2019-09-03
ASX:FEM - Monthly redemption & units on issue - August 2019
2019-08-30
ASX:FEM - Quartlery Portfolio Holdings - 30 June 2019
2019-08-23
ASX:FEM - Monthly Report - July 2019
2019-08-20
ASX:FEM - FEMX - Updated Fees and Costs Disclosure - FY2019
2019-08-02
ASX:FEM - Monthly redemption & units on issue - July 2019
2019-07-23
ASX:FEM - FEMX - Quarterly Report - June 2019
2019-07-05
ASX:FEM - FEMX - Distribution DRP - 30 June 2019
2019-07-02
ASX:FEM - Monthly redemption & units on issue - June 2019
2019-07-01
ASX:FEM - Distribution Actual - 30 June 2019
2019-06-25
ASX:FEM - FEMX - Distribution Estimate - 30 June 2019
2019-06-19
ASX:FEM - FEMX - Monthly Report - May 2019
2019-06-04
ASX:FEM - mFund - Monthly Redemption Report - FIL08
2019-06-04
ASX:FEM - Monthly redemption & units on issue - May 2019
2019-05-30
ASX:FEM - Quarterly Portfolio Holdings - 31 March 19
2019-05-17
ASX:FEM - FEMX - Monthly Report - April 2019
2019-05-02
ASX:FEM - Monthly redemption & units on issue - April 2019
2019-04-24
ASX:FEM - FEMX - Quarterly Report - Mar 19
2019-04-03
ASX:FEM - Monthly redemptions & units on issue - February 2019
2019-04-03
ASX:FEM - Monthly redemption & units on issue - March 2019
2019-04-02
ASX:FEM - Monthly redemption & units on issue - January 2019
2019-03-19
ASX:FEM - FEMX- Monthly Report - February 2019
2019-03-13
ASX:FEM - Half Yearly Financial Report
2019-02-28
ASX:FEM - FEMX - Quarterly Portfolio Holdings - Dec 2018
2019-02-22
ASX:FEM - ASIC RG97 Disclosure
2019-02-22
ASX:FEM - Amended ASIC RG97 Disclosure
2019-02-20
ASX:FEM - FEMX - Monthly Report - January 2019
2019-01-29
ASX:FEM - FEMX - Monthly Report - Dec 18
2019-01-15
ASX:FEM - FEMX - Monthly Report - Nov 18
2019-01-02
ASX:FEM - Monthly units on issue & redemptions - December 2018
2018-12-03
ASX:FEM - Monthly redemption & units on issue - November 2018
2018-11-04
ASX:FEM - ASX Notice - Admission and Commencement of Trading
2018-11-04
ASX:FEM - Product Disclosure Statement - 25 Oct 18

Fund ratings3

Organisation Rating / Recommendation
Lonsec
Rated by Lonsec3 - the report is only available to financial services professionals, please contact Fidelity to get a copy

From the desk of Alex Duffy

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Amit Lodha

Related insights

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.

3You should refer to respective research houses (and their disclaimers below) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated. Ratings are current as at date (s) stated below. Fidelity pays a fee to some research houses for rating our funds.

The Lonsec Rating (assigned November 2018) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Fidelity International product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.

For further information regarding Lonsec's Ratings methodology, please refer to our website at http://www.lonsecresearch.com.au/research-solutions/our-ratings

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.

More insights

Related insights

From the desk of Alex Duffy

Sign up for Alex's insights on emerging markets

Subscribe 

Amit Lodha

Awards6

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.

3You should refer to respective research houses (and their disclaimers below) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated. Ratings are current as at date (s) stated below. Fidelity pays a fee to some research houses for rating our funds.

The Lonsec Rating (assigned November 2018) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Fidelity International product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.

For further information regarding Lonsec's Ratings methodology, please refer to our website at http://www.lonsecresearch.com.au/research-solutions/our-ratings