Fidelity Emerging Markets (LSE: FEML)

Last close As at 21/11/2024

582.80

3.90 (0.67%)

Market capitalisation

GBP527m

Latest Insights

View More

Investment Companies | Review

Fidelity Emerging Markets — A year of two parts

Investment Companies | Review

Fidelity Emerging Markets — Repositioned for emerging opportunities

Investment Companies | edison tv

Fidelity Emerging Markets – managing in challenging times

Investment Companies | Initiation

Fidelity Emerging Markets — Refocusing on higher returns

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 0.1 (11.1) (8.3)
Relative (4.3) (11.1) (11.2)
52 week high/low 658.0p/555.1p

Overview

Fidelity Emerging Markets (FEML) has been managed by portfolio managers Nick Price and Chris Tennant since October 2021. The portfolio faced a challenging 2022 as emerging markets declined sharply in what was the worst year for the asset class since the global financial crisis. According to Fidelity, valuations now appear attractive, with the MSCI Emerging Market Index trading on a multiple of c 12x P/E at the end of 2022, relative to the MSCI World Index (23 developed markets), which traded on c 17x. The portfolio’s underperformance over the year was driven by its overweight exposure to Russia, although performance started to stabilise towards the end of the period. The managers continue to seek out high-quality companies with strong balance sheets and have looked for opportunities to increase exposure to value-oriented parts of the market on a highly selective basis.

Research

Initiation

Investment Companies

Fidelity Emerging Markets — Refocusing on higher returns

Update

Investment Companies

Genesis Emerging Markets Fund — ESG uncovered

edison tv

Investment Companies

Genesis Emerging Markets Fund – executive portfolio manager interview

edison tv

Investment Companies

Genesis Emerging Markets Fund – executive interview

edison tv

Investment Companies

Genesis Emerging Markets Fund – executive interview

Review

Investment Companies

Genesis Emerging Markets Fund — Exciting long-term opportunities

Thematics

thematic

Healthcare

Healthcare-focused trusts: A sector on the mend

thematic

Investment Companies

Vietnam Holding – Vietnam in the global digital race

thematic

Investment Companies

US small-cap equities – Time to shine?

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free