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 performance2
Net returns as at 30 June 2022
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | -15.95 | -18.43 | 2.48 |
| 3 yr % pa | 5.42 | 1.25 | 4.17 |
| 5 yr % pa | 9.53 | 4.44 | 5.09 |
| 7 yr % pa | 8.48 | 4.43 | 4.05 |
| Since inception (16/12/13) % pa | 9.17 | 5.74 | 3.43 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (16/12/13) % pa |
|---|---|---|---|---|---|
| Fund | -15.95 | 5.42 | 9.53 | 8.48 | 9.17 |
| Benchmark | -18.43 | 1.25 | 4.44 | 4.43 | 5.74 |
| Active return | 2.48 | 4.17 | 5.09 | 4.05 | 3.43 |
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: 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 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 30 June 2022
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | -15.95 | -16.08 | 0.13 |
| 3 yr % pa | 5.42 | 4.76 | 0.66 |
| 5 yr % pa | 9.53 | 8.8 | 0.73 |
| 7 yr % pa | 8.48 | 7.62 | 0.86 |
| Since inception (16/12/13) % pa | 9.17 | 8.43 | 0.74 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (16/12/13) % pa |
|
|---|---|---|---|---|---|
| Total return | -15.95 | 5.42 | 9.53 | 8.48 | 9.17 |
| Growth | -16.08 | 4.76 | 8.8 | 7.62 | 8.43 |
| Income | 0.13 | 0.66 | 0.73 | 0.86 | 0.74 |
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.
Sectors, holdings and distributions
As at 31 May 2022
As at 31 May 2022
| % total net assets | |
|---|---|
| TAIWAN SEMICONDUCTOR MFG CO LTD | 8.2% |
| HDFC BANK LTD | 4.8% |
| CHINA MENGNIU DAIRY CO | 4.6% |
| AIA GROUP LTD | 4.4% |
| BANK CENTRAL ASIA TBK PT | 3.5% |
| SK HYNIX INC | 3.3% |
| MEDIATEK INC | 3.3% |
| ZHONGSHENG GROUP HOLDINGS LTD | 3.2% |
| FIRST QUANTUM MINERALS LTD | 3.2% |
| SAMSUNG ELECTRONICS CO LTD | 3.2% |
As at 31 May 2022
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| HDFC BANK LTD | 4.8 | 0.0 | 4.8 |
| AIA GROUP LTD | 4.4 | 0.0 | 4.4 |
| CHINA MENGNIU DAIRY CO | 4.6 | 0.2 | 4.4 |
| FIRST QUANTUM MINERALS LTD | 3.2 | 0.0 | 3.2 |
| ZHONGSHENG GROUP HOLDINGS LTD | 3.2 | 0.1 | 3.1 |
As at 31 May 2022
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| RELIANCE INDUSTRIES LTD | 0.0 | 1.4 | -1.4 |
| ALIBABA GROUP HOLDING LTD | 1.5 | 2.7 | -1.2 |
| TENCENT HLDGS LTD | 2.7 | 3.9 | -1.2 |
| SAMSUNG ELECTRONICS CO LTD | 3.2 | 4.4 | -1.2 |
| VALE SA | 0.0 | 1.1 | -1.1 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 3.7198 | $23.7335 |
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.
Fund downloads
- Additional Information
- Quarterly top 10 holdings(540.73KB)
- Infographic: Global emerging markets(319.5KB)
- The case for emerging markets(756.80KB)
- Product Disclosure Statement(1.93MB)
- Fund flyer(432.59KB)
- Application form(908.62KB)
- Fund fact sheet(74.65KB)
- Target Market Determination (TMD)
Fund ratings3
| Organisation | Rating / Recommendation |
|---|---|
| Lonsec |
Investment Grade4
The Lonsec Report is only available to financial advisers, please contact us for a copy.
|
| Morningstar | Neutral5 |
| Zenith | Approved6 |
Category winner: International Equities - Emerging Markets and Regional6
2022 Money magazine Best of the Best award7
Morningstar 2020 Australia Fund Manager of the Year8
Thank you. You have been subscribed and will receive a confirmation email shortly.
Related insights
Our bullish view on two sectors that have fallen out of favour
Emerging markets can offer investors supercharged growth opportunities. Some of these opportunities can be found in the world's two most populous countries - China and India. And with that comes diversification that you can't achieve domestically. Hear why Amit Goel is bullish these locally unloved sectors.
Soaring energy costs have sunk these global sectors
Supply chain disruption and soaring energy costs have combined to form a perfect storm of inflation. Amit Goel gives us his take on the biggest risks on global growth and asset prices across developed and emerging markets.
2022 International Equities - Emerging Markets - Financial Standard Investment Leadership Awards
We are thrilled to announce that the Fidelity Global Emerging Markets Fund has been awarded Winner of the 2022 International Equities - Emerging Markets Award at the Financial Standard Investment Leadership Awards (ILA).
The Financial Standard ILA recognises sustained investment performance of Australian investment managers across 21 categories, spanning different asset classes and sub-sectors.
What China and India's knife-edge ride means for investors
China and India are the world's two largest emerging market economies, yet both face an uphill battle as they reckon with COVID and inflation respectively. Amit Goel gives us his take on the headwinds facing these emerging market heavyweights.
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.
Why this fund
Access to a prudent, focused investment process designed to provide investors with attractive returns over time.
Forty-seven analysts on the ground in emerging markets, including China and India, means we understand local businesses and markets
A concentrated portfolio with low turnover and a patient approach, which allows opportunities time to come to fruition.
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
Our bullish view on two sectors that have fallen out of favour
Emerging markets can offer investors supercharged growth opportunities. Some of these opportunities can be found in the world's two most populous countries - China and India. And with that comes diversification that you can't achieve domestically. Hear why Amit Goel is bullish these locally unloved sectors.
Soaring energy costs have sunk these global sectors
Supply chain disruption and soaring energy costs have combined to form a perfect storm of inflation. Amit Goel gives us his take on the biggest risks on global growth and asset prices across developed and emerging markets.
2022 International Equities - Emerging Markets - Financial Standard Investment Leadership Awards
We are thrilled to announce that the Fidelity Global Emerging Markets Fund has been awarded Winner of the 2022 International Equities - Emerging Markets Award at the Financial Standard Investment Leadership Awards (ILA).
The Financial Standard ILA recognises sustained investment performance of Australian investment managers across 21 categories, spanning different asset classes and sub-sectors.
What China and India's knife-edge ride means for investors
China and India are the world's two largest emerging market economies, yet both face an uphill battle as they reckon with COVID and inflation respectively. Amit Goel gives us his take on the headwinds facing these emerging market heavyweights.
Awards6
We are thrilled to announce that the Fidelity Global Emerging Markets Fund has been awarded Winner of the 2022 International Equities - Emerging Markets Award at the Financial Standard Investment Leadership Awards (ILA).
The Financial Standard ILA recognises sustained investment performance of Australian investment managers across 21 categories, spanning different asset classes and sub-sectors.
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.
Fund downloads
- Additional Information
- Quarterly top 10 holdings(540.73KB)
- Infographic: Global emerging markets(319.5KB)
- The case for emerging markets(756.80KB)
- Product Disclosure Statement(1.93MB)
- Fund flyer(432.59KB)
- Application form(908.62KB)
- Fund fact sheet(74.65KB)
- 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 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.