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 2019
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 mth % | -0.08 | -2.69 | 2.61 |
| 3 mth % | 8.94 | 2.66 | 6.28 |
| 6 mth % | 13.81 | 0.66 | 13.15 |
| Since inception (29/10/18) % pa | 29.46 | 13.07 | 16.39 |
| Timeframe | 1 mth % |
3 mth % |
6 mth % |
Since inception (29/10/18) % pa |
|---|---|---|---|---|
| Fund | -0.08 | 8.94 | 13.81 | 29.46 |
| Benchmark | -2.69 | 2.66 | 0.66 | 13.07 |
| Active return | 2.61 | 6.28 | 13.15 | 16.39 |
Sectors and holdings
As at 31 July 2019
As at 31 July 2019
| % total net assets | |
|---|---|
| TAIWAN SEMICONDUCTR MFG CO LTD | 5.2% |
| BANK CENTRAL ASIA TBK PT | 5.1% |
| AIA GROUP LTD | 5.0% |
| HDFC BANK LTD | 4.1% |
| HOUSING DEV FINANCE CORP LTD | 4.0% |
| LI NING CO LTD | 3.5% |
| TECHTRONIC INDUSTRIES CO LTD | 3.4% |
| TATA CONSULTANCY SERVICES LTD | 3.3% |
| LOJAS RENNER SA | 3.1% |
| CHINA MENGNIU DAIRY CO | 3.0% |
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
- Quarterly Top 10 Stocks
- Infographic: Global emerging markets(1.47MB)
- The case for emerging markets(465.70KB)
- Active ETF Product distinctions flyer(136.02KB)
- Fund Flyer(560.19KB)
- Product Disclosure Statement(182.60KB)
- Monthly fund fact sheet(92.26KB)
- Quarterly fund fact sheet(99.90KB)
- Distribution Reinvestment Plan (DRP)(82.73KB)
Related insights
Understanding what drives returns matters
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The year in review: 2018-2019
In the last year, headwinds became crosswinds but what we all want to know is when will we see tailwinds in Australia, both in markets and more broadly. Our investment experts review of the last financial year, and outlook going into 2020.
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On the move: ETF special report
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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
Understanding what drives returns matters
The returns we can expect to derive from a stock can essentially be broken down into two factors and it's important for investors to be aware of this. Let's look at Argentina as an example.
The year in review: 2018-2019
In the last year, headwinds became crosswinds but what we all want to know is when will we see tailwinds in Australia, both in markets and more broadly. Our investment experts review of the last financial year, and outlook going into 2020.
Tech and Trump's China tariffs
|
On the move: ETF special report
Australia's active ETF ecosystem has all the right ingredients. Yet there are still challenges to tackle before we can harvest the benefits. Key decision makers in the industry look at what it will take for active ETFs to win big.
Fund downloads
- Quarterly Top 10 Stocks
- Infographic: Global emerging markets(1.47MB)
- The case for emerging markets(465.70KB)
- Active ETF Product distinctions flyer(136.02KB)
- Fund Flyer(560.19KB)
- Product Disclosure Statement(182.60KB)
- Monthly fund fact sheet(92.26KB)
- Quarterly fund fact sheet(99.90KB)
- Distribution Reinvestment Plan (DRP)(82.73KB)
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.