Fidelity Emerging Europe Middle East and Africa Y Acc

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Quick Stats

Bid Price - Offer Price -
Mid Price GBX 184.60 Day Change GBX -2.20 (-1.18%)
Price Date 13 Nov 2019 Crown Rating 4
Shares Class Inc. Yield 0.00 %
Total Expense Ratio 1.33 Fund Size 106,403,442.56
Launch Date 14/01/2008 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 (%) 1.33
ISIN GB00B818K645 Min TopUp (£) 250.00
Ongoing Charge (%) 1.3300 Ongoing Charge Date 28/02/2019

Fund Objective

Aims to provide long-term capital growth. Invests primarily in the shares of companies having their head office or a main part of their activity in the less developed countries of Central, Eastern and Southern Europe (including Russia), the Middle East and Africa including countries which are considered emerging markets according to the MSCI Emerging Markets Europe, Middle East and Africa Index. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure. The fund has discretion in its choices of investments within its objectives and policies.

Fund Managers

Nick Price

Nick Price is the Team Leader of Fidelity’s Emerging Markets Equity investment team. He joined Fidelity in January 1998 as a research analyst covering a number of pan-European sectors before being selected as the assistant portfolio manager for Fidelity’s flagship European Growth Fund in September 2004. In 2005, Nick led the development of Fidelity’s Emerging EMEA group, launching the team’s first portfolio on 30th November 2005. After 4 years of successfully managing our Emerging EMEA discipline, and supported by a growing emerging markets team of analysts and portfolio managers, Nick was appointed to manage Fidelity’s Emerging Market Equity products in July 2009.Prior to joining Fidelity, Nick was working as an Accountant with SBC Warburg from 1996-1997, based in London; an FX Product Accountant with Daiwa Europe Bank between 1995-1996, based in London; a Project Accountant for JP Morgan from 1993-1995, based in London and Senior Auditor for Price Waterhouse from 1991-1993, based in Johannesburg. Nick holds a Bachelor of Commerce and Diploma in Accounting from the University of Natal and is a Member of the South African Institute of Chartered Accountants and is a CFA Charter holder.

Greg Konstantinidis

Greg is the portfolio manager for the Emerging Markets Consumer strategy and manages an EMEA pilot fund. He joined Fidelity International’s emerging markets team in 2006 as a research analyst. Initially he focused on Industrials, Healthcare and Refineries within the EMEA region, before assuming responsibility for the Consumer and Media Sectors across a broader range of emerging markets in 2009. Greg holds a BSc in Accounting & Finance from the University of Macedonia, Greece, and an MSc in Accounting and Finance from the London School of Economics.

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
SBERBANK OF RUSSIA 9.79%
GAZPROM PJSC 5.79%
NASPERS 5.51%
EMIRATES NBD PJS 4.99%
ABSA GRP LTD 4.63%
BUPA ARABIA FOR COOPERATIVE IN 3.84%
T GARANTI BANKASI A.S. 3.75%
SASOL 3.58%
TATNEFT PJSC 3.25%
PROSUS N.V. 2.62%

Asset Breakdown

Name Weight
African Equity 5.40%
Alternative Investment Strateg 0.00%
Dutch Equities 2.60%
Emirian Equities 6.70%
International Equities 3.90%
Money Market 2.20%
Russian Equities 39.30%
Saudi Arabian Equities 4.60%
Slovenian Equity 1.70%
South African Equities 25.90%
Turkish Equities 5.00%
UK Equities 2.80%

Region Breakdown

Name Weight
Kenya 2.00%
Money Market 2.20%
Netherlands 2.60%
Nigeria 3.40%
Not Specified 0.00%
Others 3.90%
Russia 39.30%
Saudi Arabia 4.60%
Slovenia 1.70%
South Africa 25.90%
Turkey 5.00%
UK 2.80%
United Arab Emirates 6.70%

Sector Breakdown

Name Weight
Communications 2.80%
Consumer Discretionary 18.80%
Consumer Staples 3.60%
Energy 14.80%
Financials 40.00%
Industrials 2.80%
Materials 13.90%
Money Market 2.20%
Utilities 1.10%