Fact sheet: FF Emg Mkt Focs

Fund information
Fund name
FF Emerging Markets Focus A Acc USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund manager
  • Alex Duffysince 28/09/2014
Fund objective
Aims to provide long-term capital growth. At least 70% invested in equity securities of, and related instruments providing exposure to, companies that have their head office in, are listed in, or exercise a predominant part of their activity in developing markets including, although not limited to, countries in Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East. The fund may invest its net assets directly in China A and B Shares. The fund invests in a limited number of securities, resulting in a reasonably concentrated portfolio. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. 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. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
7.5%
1 Year rank in sector
116/258
Sector
FO Equity - Emerging Markets
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
2.04%
Fund size
£7m (£2m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
128
Top in this sector
Fund name1 Year
Charlemagne Magna New Frontrs44.8%
HSBC GIFEconScaleIxGEMEq39.4%
GAM Star Nth of Sth EM Eq39.2%
Dimensional EmMkt Tgt Val34.8%
Schroder ISF QEP Gl Eg Mts34.2%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • Emerging Asia47.8%
    Latin America17.7%
    Africa ex S Africa13.8%
    Asia Pacific ex Japan10.7%
    North America3.4%
  • Financials29.8%
    Information Technology19.5%
    Consumer Discretionary16.5%
    Consumer Staples13.6%
    Materials5.2%
  • Asia Pacific Emerging Equities47.8%
    American Emerging Equities17.7%
    Middle East & African Equities15.7%
    Asia Pacific ex Japan Equities10.7%
    North American Equities3.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.4%-6.6%1.6%7.5%--
Sector-2.1%-4.6%5.3%7.5%-7.1%1.2%
Rank within sector186 / 263158 / 267179 / 263116 / 258--
Quartile3rd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund8.2%-12%---
Sector9.7%-14.3%-1.4%-0.7%14.2%
Rank within sector142 / 258117 / 241---
Quartile3rd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high10.16
52 week low7.72
Current bid price-
Current offer price-
Current mid price9.49
Region
1Emerging Asia47.8%
2Latin America17.7%
3Africa ex S Africa13.8%
4Asia Pacific ex Japan10.7%
5North America3.4%
6Money Market2.4%
7Europe2.3%
8Middle East/ Africa1.9%
Industry sector
1Financials29.8%
2Information Technology19.5%
3Consumer Discretionary16.5%
4Consumer Staples13.6%
5Materials5.2%
6Industrials4%
7Health Care3.2%
8Energy3.1%
9Money Market2.9%
Asset type
1Asia Pacific Emerging Equities47.8%
2American Emerging Equities17.7%
3Middle East & African Equities15.7%
4Asia Pacific ex Japan Equities10.7%
5North American Equities3.4%
6Money Market2.4%
7European Equities2.3%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING5.46%
2HDFC BANK LTD5.05%
3NASPERS4.97%
4AIA GROUP LTD4.83%
5TECHTRONIC INDUSTRIES CO3.15%
6ULTRAPAR PARTICIPACOES SA3.13%
7INTERNATIONAL FLAVORS & FRAGRANCES3.07%
8AVI LTD3.02%
9NETEASE INC2.93%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide long-term capital growth. At least 70% invested in equity securities of, and related instruments providing exposure to, companies that have their head office in, are listed in, or exercise a predominant part of their activity in developing markets including, although not limited to, countries in Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East. The fund may invest its net assets directly in China A and B Shares. The fund invests in a limited number of securities, resulting in a reasonably concentrated portfolio. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. 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. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Alex Duffy28/09/2014Alex Duffy joined Fidelity in 2004 as a European Business Services Analyst and has been portfolio manager of the Fidelity Global Emerging Markets Fund since 2013. In 2005, Alex joined the EMEA team as a research analyst covering raw materials and natural resources, both of which are key sectors in Latin America. In 2007, he took over management of an EMEA pilot fund while retaining research responsibility for natural resources. He was appointed co-manager of the Latin America pilot fund, alongside Angel Ortiz, in 2008. In April 2009 he was appointed co-manager of the Fidelity Funds Latin America Fund. Since 2013, and in addition to his Latin American regional responsibilities, Alex has been developing a global emerging market strategy. Alex holds an MA in Economic Analysis from the University of Nottingham.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hungary, Italy, Jersey, Luxembourg, Malta, Netherlands, Norway, Offshore, Poland, Singapore, Slovakia, Sweden
FF Emerging Markets Focus A Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.487
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFNBW
FF Emerging Markets Focus A EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.15
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFNBV
FF Emerging Markets Focus A Hedged Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.09%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.981
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFNBY
FF Emerging Markets Focus A USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.491
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFNBU
FF Emerging Markets Focus I Acc USD
Initial charge-
Annual charge0.8%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.706
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFNBZ
FF Emerging Markets Focus Y Acc USD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.646
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFNBX
Data provided by

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