Fidelity Emerging Asia W

Targeting long-term capital growth by investing in large and medium-sized equities in Asia.

  • 219.20p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.09%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.40%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 09 April 2021

The Fund aims to provide long-term capital growth. Dhananjay Phadnis employs a fundamental, bottom-up approach to investment management, focusing on identifying high quality companies with sustainable growth prospects trading at attractive valuations.

Fund summary

Sector Asia Pacific Excluding Japan
Structure OEIC
Launched January, 2015
Size £108m
Yield 0.40%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.09%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.07%
  • 17/18 0.35%
  • 18/19 0.09%
  • 19/20 0.11%
  • 20/21 0.64%

Bestinvest MRI

  • 3 years 0.28%
  • 5 years 0.23%
  • Career 0.36%
  • 3 years 98.30%
  • 5 years 99.10%
  • Career 99.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Dhananjay Phadnis

Phadnis joined Fidelity in 2004 as an Investment Analyst, based in Mumbai, India, and Hong Kong. In 2008 he took the position of portfolio manager for the FF Indonesia Fund. In addition, he was assigned the role of Director of Research in Hong Kong on 1 April 2009. His previous experience includes a period from 2001 to 2004 at JP Morgan India, where he held the position of Associate, Equities Research. He was also an Assistant Audit Manager at AF Ferguson & Co. Chartered Accountants, Pune, India in 1999. Dhananjay holds a B.Comm., from Brihan Maharasutra College of Commerce, Pune Unviersity, India and is a CFA Charterholder. He also holds a Post Graduate Diploma in Management (Finance) from the Indian Institute of Management, Bangalore, India, and is an Associate Chartered Accountant, Institute of Chartered Accountants of India, India.

Track record

Dhananjay Phadnis has 10.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.36%. During the worst period of relative performance (from April 2011 - September 2011) there was a decline of 6% relative to the index. The worst absolute loss has been 26%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -26.00% (April 2011 - September 2011)
Relative -6.00% (April 2011 - September 2011)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

10.5% Alibaba Group Hldg Ltd
8.5% Taiwan Semiconductor Manufacturing
8.5% Tencent Hldgs Ltd
8.3% Samsung Electronics Co
3.1% Ping An Insurance(Gr)Co Of China
2.6% Reliance Industries
2.6% Infosys
2.5% Bharti Airtel
2.3% China Intl Travel Service Corp Ltd
2.2% Sk Hynix Inc
Source: Trustnet

Sector breakdown

Information Technology 27.00%
Consumer Discretionary 21.00%
Financials 19.00%
Communications 12.00%
Consumer Staples 6.00%
Energy 4.00%
Health Care 3.00%
Money Market 3.00%
Industrials 3.00%
Real Estate 2.00%

Key Investor Information

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