Fidelity Global Emerging Markets (FID0031AU) Report & Performance

What is the Fidelity Global Emerging Markets fund?

Fidelity Global Emerging Markets aims to achieve returns in excess of the MSCI Emerging Markets Index over the suggested minimum investment time period of seven years plus.

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Latest News & Updates For Fidelity Global Emerging Markets

Fidelity Global Emerging Markets Fund Commentary December 31, 2022

During the quarter, the Fund delivered 5.9% while the MSCI Emerging Markets Index delivered 4.0%. At the sector and country level, stock picking added value. Here, financials and consumer staples were among the top contributors to returns. From a country perspective, Hong Kong and Taiwan added value. Security selection in Hong Kong and China aided relative returns Selected Chinese stocks featured among the top contributors to returns as the market regained lost ground. Zhongsheng Group, Shenzhou International and Yifeng Pharmacy enhanced gains. Likewise, Hong Kong-based life insurance company AIA Group, which operates in the Chinese market, advanced on expectations of a recovery in Chinese demand.

In addition, it reported an in-line third quarter despite a challenging macroeconomic backdrop. Tencent was a notable detractor An underweight exposure to Tencent hurt relative returns. The company reported 2% year-on-year growth in adjusted profits in its latest quarterly results, after four consecutive quarters of decline. Furthermore, the stock rallied as authorities granted licences to over 100 new games. Losses were partially offset by our position in South Africa’s Naspers, which holds a key stake in Tencent.

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

  • Performance Review
  • Product Overview
  • Peer Comparison
  • Product Details

Performance Review

Fund Name Last Month
? Returns after fees in the most recent (last) month).
3 Months Return
? Returns after fees in the most recent 3 months.
1 Year Return
? Trailing 12 month returns.
3 Years Average Return
? Average Annual returns from the last 3 years.
Since Inc. Average Return
? Average (annualised) returns since inception
1 Year Std. Dev. (Annual)
? The standard deviation (or annual volatility) of the last 12 months.
3 Years Std. Dev. (Annual)
? The average standard deviation (or annual volatility) from the last 3 years.
Since Inc. Std. Dev. (Annual)
? The average standard deviation (or annual volatility) since the fund inception.
1 Year Max Drawdown
? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
3 Year Max Drawdown
? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Since Inc. Max Drawdown
? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Fidelity Global Emerging Markets6.36%4.79%6.77%-2.98%8.04%12.3%13.2%11.28%-6.1%-24.61%-27.18%

Product Overview

Peer Comparison

Product Details

Product Due Diligence

What is Fidelity Global Emerging Markets

Fidelity Global Emerging Markets is an Managed Funds investment product that is benchmarked against World Emerging Markets Index and sits inside the Foreign Equity - Emerging Markets Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Fidelity Global Emerging Markets has Assets Under Management of 496.53 M with a management fee of 1%, a performance fee of 0.00% and a buy/sell spread fee of 0.49%.

How has the investment product performed recently?

How is risk measured in this investment product?

What is the relative performance of the investment product?

Does the investment product produce Alpha over its Peers?

What are similar investment products?

What level of diversification will Fidelity Global Emerging Markets provide?

How do I compare the investment product with its peers?

How do I compare the Fidelity Global Emerging Markets with the World Emerging Markets Index?

Can I sort and compare the Fidelity Global Emerging Markets to do my own analysis?

Has the Fidelity Global Emerging Markets been independently verified by SMSF Mate?

How can I invest in Fidelity Global Emerging Markets?

How do I get in contact with the Fidelity Global Emerging Markets?

Comments from SMSF Mates

Historical Performance Commentary

Performance Commentary - September 30, 2022

Selected exposure to materials We are underweight in the materials sector. The only commodity we own a stake in is copper, underpinned by our view that the metal is supply constraint and benefits from the move towards a greener energy and electric vehicles.

Our exposure is through First Quantum Minerals, a Canadian listed group with copper assets located across emerging markets, and Peru’s Southern Copper. Other than that, the Fund also continues to hold a position in Chinese waterproofing company Beijing Oriental Yuhong, which is also classified under materials. Biased towards financials AIA Group remains one of the high-conviction positions in the portfolio. It is the largest independent life insurance player in PanAsia, operating across HK, mainland China, Thailand, Singapore, Malaysia, etc. It has an excellent track record of execution, resulting in a strong balance sheet and disciplined capital allocation. Elsewhere, Indian lender HDFC Bank is favoured for its strong franchise, pristine asset quality, good management team and solid asset quality. Key trades We moved capital from Tencent to Naspers amid growth challenges on slowing game approvals in an uncertain macroeconomic environment.

Elsewhere, we sold the position in India-based service provider Tata Consultancy Services amid lower demand and expensive valuation. Within industrials, electrical light manufacturer Havells and power tools company Techtronic Industries were amongst the key contributors to returns. The latter reported encouraging results, posting robust growth from its Milwaukee, do-it-yourself (DIY) and Ryobi brands. The company continues to benefit from moving up the value chain and gaining market share with its battery-operated cordless power tool products.

Performance Commentary - June 30, 2022

Performance Commentary - September 30, 2021

Performance Commentary - June 30, 2021

Performance Commentary - December 31, 2020

Kind words from Aussies managing
their own self funded futures

  • SMSF Mate is a unique website because it has ideas about how to approach SMSFs, insurance and other financial topics that come straight from first hand experience. It's much more useful than what you find on all the other financial websites that just offer generic info that you could easily get on the ATO's website. It's also nice to know there's no financial incentive behind the information, it's legitimately there to help people understand self-managed super funds and how to get the most out of them, not to get an affiliate commission from a broker or other financial services provider. The investment product information is also incredibly useful, I've never seen this kind of functionality on any other website that let's you look at such a wide range of products, sort by what info is most interesting or important to you, and subscribe to updates for different funds and financial products all in one place. Definitely worth checking out if you own or are considering an SMSF!

    David G, Self-Employed, SMSF Owner