Fidelity Emerging Asia W Acc

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Quick Stats

Bid Price - Offer Price -
Mid Price GBX 160.80 Day Change GBX -0.30 (-0.19%)
Price Date 21 Aug 2019 Crown Rating 4
Shares Class Inc. Yield 0.00 %
Total Expense Ratio 0.90 Fund Size 103,000,000.00
Launch Date 11/07/2011 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.75 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 0.90
ISIN GB00B84Q8M70 Min TopUp (£) 250.00
Ongoing Charge (%) 0.9000 Ongoing Charge Date 01/03/2019

Fund Objective

Aims to provide long-term capital growth. Invests principally in shares of companies having their head office or exercising a main part of their activity in less developed countries of Asia that are considered as emerging markets according to the MSCI Emerging Markets Asia 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

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
TENCENT HLDGS LTD 8.70%
SAMSUNG ELECTRONICS CO 6.40%
TAIWAN SEMICONDUCTOR MANUFACTU 6.20%
ALIBABA GROUP HLDG LTD 6.10%
INDUSTRIAL & COM BK CHINA 2.70%
POWER GRID CORP OF INDIA 2.50%
CHINA PACIFIC INSURANCE GRP CO 2.40%
HDFC BANK LTD 2.40%
INFOSYS 2.40%
HOUSING DEVELOPMENT FINANCE CO 2.30%

Asset Breakdown

Name Weight
Asia Pacific Emerging Equities 8.40%
Chinese Equities 39.60%
Hong Kong Equities 1.70%
Indian Equities 17.00%
Indonesian Equities 3.60%
International Equities 1.50%
Malaysian Equities 1.40%
Money Market 4.00%
Philippine Equities 1.50%
South Korean Equities 13.70%
Taiwanese Equities 4.20%
Thai Equities 3.40%

Region Breakdown

Name Weight
China 39.60%
Hong Kong 1.70%
India 17.00%
Indonesia 3.60%
Korea 13.70%
Malaysia 1.40%
Money Market 4.00%
Others 1.50%
Philippines 1.50%
Taiwan 4.20%
Thailand 3.40%
Vietnam 8.40%

Sector Breakdown

Name Weight
Communications 10.50%
Consumer Discretionary 14.10%
Consumer Staples 5.90%
Energy 6.40%
Financials 24.30%
Health Care 3.00%
Industrials 4.30%
Information Technology 21.00%
Materials 1.90%
Money Market 4.00%
Real Estate 2.10%
Utilities 2.50%