Our strong on-the-ground presence allows our team of global analysts to research companies deeply so that we can invest in the best quality companies that we think will outperform over the next 10-15 years.
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When we look at emerging markets, we don't look at emerging markets top down. That this is an asset class that will grow faster than developed markets. And let’s invest top-down. We are bottom-up investors. We look at the real opportunities within different parts of emerging markets. And we have a very strong on the ground presence, in every emerging market. We have analysts and myself researching companies very deeply, and investing in them for the next ten, 15 years. We are quality investors. Our portfolio constitutes of the best quality companies in emerging markets, but more importantly, the companies that we understand. We tend to invest a lot of time in our companies to understand them better, so that we can have conviction on them for a very long duration. So our portfolio, I believe, is a very differentiated portfolio of the best quality businesses, that we understand and we believe we have very high conviction to own them for very long duration. I think it's a very differentiated portfolio, which is a very broader emerging market asset class. We run very high active money - 80 to 85% most of the time - and that gives a very differentiated proposition versus the asset class itself. So we are investing in the best quality businesses that we understand, which are very differentiated, from the benchmark itself.
Lead-Portfolio Manager, Fidelity Global Emerging Markets Strategy and Portfolio Manager, Fidelity India Fund
