fund
Fidelity Funds Emerging Asia W GBP
Focuses in on developing countries specifically in the Asia region
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240.80p
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.
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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?
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0.00%
Initial chargeSome 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!
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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).
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1.12%
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.
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0.00%
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…
Fund summary
| Sector | Asia Pacific Excluding Japan |
| Structure | OFFSHORE FUND |
| Launched | March, 2014 |
| Size | £527m |
| Yield | 0.00% |
| Charging basis | |
| 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 | 1.12% |
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Investment process
Invests in truly emerging markets – avoids maturing economies such as Korea and Taiwan and focuses exposure on Asia’s genuinely emerging markets
Manager research
Average monthly relative returns
- 16/17 -0.35%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career -0.10%
- 3 years 0.00%
- 5 years 0.00%
- Career 54.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Teera Chanpongsang
Chanpongsang joined Fidelity in 1994 as a research analyst, becoming a portfolio manager in London in 2004 and moving to Hong Kong in 2007. Before joining Fidelity he worked as an auditor for Coopers & Lybrand from 1987-88 and as a general manager for Chi Cha Group from 1988-1992 - both roles were in Bangkok. Chanpongsang has a BA in Accounting from Chulalongkorn University, Thailand and an MBA from the University of California at Berkeley.
Track record
Teera Chanpongsang has 6.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.1%. During the worst period of relative performance (from August 1998 - August 2004) there was a decline of 19% relative to the index. The worst absolute loss has been 63%.
Periods of worst performance
| Absolute | -63.00% (June 1999 - October 2001) |
| Relative | -19.00% (August 1998 - August 2004) |
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.
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Key Investor Information