Bestinvest says
Allan Liu is an experienced manager who has been investing in the region for almost two decades. The manager draws on Fidelity's large team of locally based analysts to aid stock selection. This fund has a growth style tilt and is suited to a more aggressive investor type. He runs a large, bottom up portfolio which has grown to such a considerable size that we are concerned that he no longer has a good grasp of his stocks he once had. As with any fund that provides exposure to the emerging economies, investors should note the potential risky nature of investing in these type of markets.
The manager is a bottom up stock picker, who seeks to invest in growing companies in the Far East. This leads to a focus on stocks with above average earnings growth relative to their sector or the market, although Liu is conscious only to pay a "reasonable" price for these stocks. The manager draws on Fidelity's large team of locally based analysts to aid stock selection. Other factors targeted include strong management with a good track record through previous cycles, plus positive cash flows and evidence that the company is regionally or globally competitive in terms of pricing power. The portfolio is typically diversified by country, sector and company.