Fidelity Emerging Markets

LN: FEML

Market Cap£557m

Last Close 611.5p

Launched in July 1989, Genesis Emerging Markets was one of the first emerging markets funds in the UK. Managed by Fidelity from 4 October 2021 (and renamed Fidelity Emerging Markets), it seeks long-term capital appreciation through investing in securities and financial instruments, providing exposure to emerging markets companies. Performance is benchmarked against the MSCI Emerging Markets Index.

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Investment summary

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.

Content on Fidelity Emerging Markets
Fidelity Emerging Markets – Repositioned for emerging opportunities
Investment companies | research Review | 8 August 2022
Stack of coins and money in jar for saving concept investment mortgage fund finance and interest,education,child,future on bokeh background.
Fidelity Emerging Markets – managing in challenging times
Investment companies | Edison TV | 11 April 2022
Fidelity Emerging Markets – Refocusing on higher returns
Investment companies | research Initiation | 17 December 2021
Stack of coins and money in jar for saving concept investment mortgage fund finance and interest,education,child,future on bokeh background.
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Share price graph
Price performance
%
1m
3m
12m
Actual (4.3) (2.9) (31.3)
Relative* (8.7) (6.4) (32.0)
52-week high/low 905.0p/596.5p
*% relative to local index
Key management
Nick Archer Client Relationships

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