The Fidelity Global Emerging Markets Fund is available as an Unlisted Fund or ASX Quoted Fund.
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.
Net returns as at 31 December 2020
Timeframe | Fund | Benchmark | Active return |
---|---|---|---|
1 yr % | 14.75 | 7.77 | 6.98 |
3 yr % pa | 13.78 | 6.65 | 7.13 |
5 yr % pa | 15.62 | 11.49 | 4.13 |
7 yr % pa | 12.07 | 8.44 | 3.63 |
Since inception (16/12/13) % pa | 12.34 | 8.60 | 3.74 |
Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (16/12/13) % pa |
---|---|---|---|---|---|
Fund | 14.75 | 13.78 | 15.62 | 12.07 | 12.34 |
Benchmark | 7.77 | 6.65 | 11.49 | 8.44 | 8.60 |
Active return | 6.98 | 7.13 | 4.13 | 3.63 | 3.74 |
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 return of capital is not guaranteed. Benchmark: MSCI Emerging Markets Index NR. 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.
The chart below represents the value now of $10,000 invested in the Fidelity Global Emerging Markets Fund in December 2013 compared with $10,000 invested in the MSCI Emerging Markets Index NR.
Chart as at: 31 December 2020
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 return of capital is not guaranteed. Benchmark: MSCI Emerging Markets Index NR. 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.
Net as at 31 December 2020
Total return | Growth | Income | |
---|---|---|---|
1 yr % | 14.75 | 14.01 | 0.74 |
3 yr % pa | 13.78 | 13.02 | 0.76 |
5 yr % pa | 15.62 | 14.56 | 1.06 |
7 yr % pa | 12.07 | 11.18 | 0.89 |
Since inception (16/12/13) % pa | 12.34 | 11.45 | 0.89 |
1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (16/12/13) % pa |
|
---|---|---|---|---|---|
Total return | 14.75 | 13.78 | 15.62 | 12.07 | 12.34 |
Growth | 14.01 | 13.02 | 14.56 | 11.18 | 11.45 |
Income | 0.74 | 0.76 | 1.06 | 0.89 | 0.89 |
Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component.
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 return of capital is not guaranteed. Benchmark: MSCI Emerging Markets Index NR. 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.
As at 31 December 2020
As at 31 December 2020
% total net assets | |
---|---|
TAIWAN SEMICONDUCTOR MFG CO LTD | 5.9% |
HDFC BANK LTD | 5.1% |
AIA GROUP LTD | 5.0% |
SAMSUNG ELECTRONICS CO LTD | 4.2% |
LI NING CO LTD | 3.9% |
BANK CENTRAL ASIA TBK PT | 3.8% |
CHINA MENGNIU DAIRY CO | 3.6% |
FOSHAN HAITIAN FLAVOURING & FOOD COMPANY LTD | 3.5% |
MIDEA GROUP CO LTD | 3.4% |
TATA CONSULTANCY SERVICES LTD | 3.3% |
As at 31 December 2020
Fund % | Benchmark % | Relative % | |
---|---|---|---|
HDFC BANK LTD | 5.1 | 0.0 | 5.1 |
AIA GROUP LTD | 5.0 | 0.0 | 5.0 |
LI NING CO LTD | 3.9 | 0.2 | 3.7 |
BANK CENTRAL ASIA TBK PT | 3.8 | 0.3 | 3.5 |
FOSHAN HAITIAN FLAVOURING & FOOD COMPANY LTD | 3.5 | 0.1 | 3.4 |
As at 31 December 2020
Fund % | Benchmark % | Relative % | |
---|---|---|---|
TENCENT HLDGS LTD | 2.0 | 5.3 | - 3.3 |
ALIBABA GROUP HOLDING LTD | 2.6 | 5.6 | - 3.0 |
MEITUAN | 0.0 | 1.7 | - 1.7 |
SAMSUNG ELECTRONICS CO LTD | 4.2 | 5.2 | - 1.1 |
PING AN INS GROUP CO CHINA LTD | 0.0 | 1.0 | - 1.0 |
Distribution | Distribution (CPU) | Reinvestment price |
---|---|---|
30-Sep-20 | 0.0000 | $0.0000 |
CPU = cents per unit. The above cash CPU excludes imputation credits and foreign income tax offsets which are non-cash components and are reported in the end of year tax statement. If the Distribution CPU column is 0.0000 it means that nothing was distributed.
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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 exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.
Access to a prudent, focused investment process designed to provide investors with attractive returns over time.
A strong track record backed by more than 20 years' experience investing in emerging markets, informed by over 50 on-the-ground analysts.
A concentrated portfolio with low turnover and a patient approach which allows opportunities time to come to fruition.
Alex Duffy, Portfolio Manager of the Fidelity Global Emerging Markets Fund outlines how he approaches investing and why emerging markets are so unique.
Emerging market countries are home to some of the world's fastest growing economies and 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 exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.