Report

Fidelity Emerging Markets - Repositioned for emerging opportunities

Fidelity Emerging Markets (FEML) was transferred to Fidelity in October 2021. FEML mirrors the FAST EM Fund (FAST, £178m AUM at 30 June 2022), which has achieved a strong track record over the past 10 years, outperforming the MSCI Emerging Markets Index (MSCI EM Index) under lead fund manager, Nick Price. Russia’s invasion of Ukraine in February 2022, concerns about inflation and the outlook for global growth have shaken riskier assets and the MSCI EM Index is down 8.1% year to date (in GBP to end July). While FEML was not immune to the setback, Fidelity’s comprehensive team of 45 analysts, together with manager Nick Price and co-portfolio manager Chris Tennant, can react to market shocks efficiently, while identifying and investing in the widest range of attractively valued, high-quality EM growth opportunities.
Underlying
Genesis Emerging Markets Fund Ltd.

Genesis Emerging Markets Fund is a Guernsey based authorized closed-ended investment scheme, which is managed by Genesis Asset Managers, LLP. Co. primarily invest in equity markets of developing countries. The investments of Co. are principally in listed equities. At June 30 2017, Co.'s investments of $1.28 billion were measured at fair value and consisted of a portfolio of primarily quoted securities from emerging markets. As of June 30 2017, Co.'s portfolio consists of a diversified group of 125 companies from 36 countries (including several businesses at the smaller end of the opportunity set).

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Pedro Fonseca

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