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Fidelity Emerging Markets W

Bestinvest LogoTargets capital growth by investing in quality emerging market equities

PRICE (INC)

163.9p

PRICE (ACC)

163.9p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.95%

YIELD

0.9%

1 YEAR
-20.07%

Prices as at 24 Jun 2022.

Fund commentary last updated 17 May 2022.

Past performance is not an indication of future performance.

Capital at risk.

The fund aims to achieve capital growth over a period of five years or more by investing in a portfolio of large and mid-cap emerging markets equities. It focuses on countries and regions experiencing high levels of economic growth including Africa, the Indian sub-continent, Latin America, Southeast Asia, Eastern Europe, and the Middle East. Fund manager Nick Price takes a bottom-up investment approach, looking to invest in high quality companies with competitive advantages that are able to deliver attractive earnings throughout the economic cycle. Its holdings include Taiwan Semiconductor Manufacturing Company, Samsung Electronics and mining and transport conglomerate Grupo Mexico. The portfolio typically comprises between 50 and 100 companies.

Fund summary

SectorGlobal Emerging Markets
StructureOEIC
LaunchedMay 2013
Size£1,807m
Yield0.9%
Charging BasisIncome
Dividends paidAcc units only

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.75%
Ongoing Charges Figure0.95%
Equity
Equity
98%
98%
High Yield Bonds
High Yield Bonds
0%
0%
Quality Bonds
Quality Bonds
0%
0%
Property
Property
0%
0%
Commodities
Commodities
0%
0%
Hedge
Hedge
0%
0%
Fund Cash
Fund Cash
2%
2%

Investment Process

The management team look to invest in high quality, attractively priced companies that are capable of delivering sustainable returns. They look for companies with strong market positions and competitive advantages, as these are typically able to deliver attractive earnings throughout the economic cycle. They also favour companies that deliver superior returns on their assets and have well capitalised balance sheets. The process begins with idea generation, with a strong emphasis placed on the buy/sell ratings of Fidelity's research analysts in addition to company meetings, site visits and local market insight. The stocks are rated by the analysts from 1 (strong buy) to 5 (strong sell). The highest conviction stocks identified are further critiqued by Fidelity’s regional equity portfolio managers, with the most attractive stocks used to construct concentrated equity portfolios for each of the three main regions of its investment universe - Latin America, EMEA and Emerging Asia. The management team then select from this pool of ideas using their bottom-up fundamentals approach. They analyse each stock for quality, consistency of returns and attractive valuation. The fund has over 50 holdings with the top ten accounting for around half of portfolio assets. The average holding period is around two years. Its main sector bias is to Information Technology, followed by Financials and Materials. Its primary geographical exposure is to China, Taiwan, India, and South Korea.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning