Fidelity Emerging Asia Y Acc

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Quick Stats

Bid Price - Offer Price -
Mid Price GBX 205.40 Day Change GBX +1.10 (0.54%)
Price Date 22 Oct 2019 Crown Rating 4
Shares Class Inc. Yield 0.00 %
Total Expense Ratio 1.15 Fund Size 94,000,000.00
Launch Date 11/07/2011 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 1.00 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 1.15
ISIN GB00B4Q7B107 Min TopUp (£) 250.00
Ongoing Charge (%) 1.1500 Ongoing Charge Date 01/03/2019

Fund Objective

Investment Objective and PolicyThe Fund aims to increase the value of your investment over a period of 5 yearsor more.Investment PolicyThe Fund will invest at least 80% in equities (and their related securities) ofcompanies domiciled, incorporated or having significant business in lessdeveloped countries in Asia*and those which are listed in the region.The Fund is actively managed. The Investment Manager identifies suitableopportunities for the Fund utilising in-house research and investment capabilities.The Investment Manager will, when selecting investments for the Fund and forthe purposes of monitoring risk, consider the MSCI Emerging Markets Asia Index.However, the Investment Manager has a wide degree of freedom relative to theindex and may take larger, or smaller, positions in companies, and/or mayinvest outside the index, to take advantage of investment opportunities. Thismeans the Fund’s investments and therefore performance may vary significantlyfrom the index.The Fund may also invest in other transferable securities, collective investmentschemes, money market instruments, cash and deposits and is also able to usederivatives for efficient portfolio management and investment purposes.*as determined by the MSCI Emerging Markets Asia Index.Performance BenchmarkThe Fund’s performance can be compared to the MSCI Emerging Markets Asia(Net Total Return) Index as the index constituents are representative of the typeof companies the Fund invests in.Many funds sold in the UK are grouped into sectors by the InvestmentAssociation (the trade body that represents UK Investment Managers), tofacilitate comparison between funds with broadly similar characteristics. ThisFund is classified in the IA Asia Pacific excluding Japan sector. Performancedata on funds within this sector may be prepared and published by dataproviders and will be used when evaluating the performance of this Fund. The IAsector most closely reflects the combination of assets in the Fund.

Fund Managers

Dhananjay Phadnis

Dhananjay started his investment management career in 2001 as an Equity Research Associate at JP Morgan India covering automobiles, oil and gas and petrochemicals sectors. He holds a Bachelor of Commerce from Pune University in India and a Post Graduate Diploma in Management (Finance) from the Indian Institute of Management (IIM), Bangalore. He is also a Chartered Accountant and a CFA Charter holder. Dhananjay joined Fidelity as an investment analyst in Mumbai in 2004. In September 2006, he was transferred to Hong Kong. Between 2004 and 2009, Dhananjay went through various sector rotations in line with Fidelity’s proven career path and covered regional telecommunications, consumer discretionary, industrials and materials sectors from Fidelity’s Mumbai and Hong Kong offices. In January 2006, Dhananjay became the sector leader for the Asian cyclicals team and in September 2006 he took over as the sector leader for the Asian telecoms and utilities team. In 2009, he became a Director of Research (DoR) for Asia ex Japan. As DoR, Dhananjay was responsible for mentoring and guiding Fidelity’s team of research analysts based in various offices in the Asia ex Japan region. He was appointed full-time Portfolio Manager in 2011.Dhananjay started managing funds in April 2008 when he was appointed the portfolio manager for the Luxembourg-registered FF Indonesia Fund (SICAV). After demonstrating strong managerial abilities with this portfolio, on 14 February 2011 Dhananjay was assigned a regional pilot, the Fidelity Asia Pacific ex-Japan Pilot, to let him build his broad regional track record. He was introduced into the PM Academy, Fidelity’s program that aims to groom future portfolio managers on portfolio construction and risk management skills.Dhananjay was assigned the UK-domiciled Fidelity Emerging Asia Fund (OEIC) on 1 November 2013, the Japan domiciled FIJ IT Asia Equity Fund on 1 April 2014 and the Luxembourg-domiciled FF Asia Focus Fund (SICAV) on 2 March 2015.

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
SAMSUNG ELECTRONICS CO 7.00%
TAIWAN SEMICONDUCTOR MANUFACTU 6.80%
TENCENT HLDGS LTD 6.80%
ALIBABA GROUP HLDG LTD 6.40%
INDUSTRIAL & COM BK CHINA 2.80%
HDFC BANK LTD 2.60%
RELIANCE INDUSTRIES 2.60%
INFOSYS 2.40%
POWER GRID CORP OF INDIA 2.40%
AXIS BANK LTD 2.20%

Asset Breakdown

Name Weight
Asia Pacific Emerging Equities 2.00%
Chinese Equities 37.20%
Hong Kong Equities 3.00%
Indian Equities 18.10%
Indonesian Equities 4.00%
International Equities 1.40%
Malaysian Equities 1.40%
Money Market 3.90%
Philippine Equities 1.50%
South Korean Equities 15.10%
Taiwanese Equities 8.80%
Thai Equities 3.60%

Region Breakdown

Name Weight
China 37.20%
Hong Kong 3.00%
India 18.10%
Indonesia 4.00%
Korea 15.10%
Malaysia 1.40%
Money Market 3.90%
Others 1.40%
Philippines 1.50%
Taiwan 8.80%
Thailand 3.60%
Vietnam 2.00%

Sector Breakdown

Name Weight
Communications 10.20%
Consumer Discretionary 13.70%
Consumer Staples 6.00%
Energy 7.00%
Financials 22.70%
Health Care 3.50%
Industrials 4.60%
Information Technology 22.20%
Materials 1.80%
Money Market 3.90%
Real Estate 2.00%
Utilities 2.40%