Fact sheet: Fidelity EmgEur ME&Afr

Fund information
Fund name
Fidelity Emerging Europe Middle East & Africa E Acc EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund manager
  • Nick Pricesince 10/06/2007
Fund objective
Aims to provide long-term capital growth with the level of income expected to below. At least 70% invested 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 those that are emerging markets according to the MSCI Emerging Markets Europe, Middle East and Africa Index. 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 EMEA Index (Capped 5%)
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-0.3%
1 Year rank in sector
222/258
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.
2.76%
Fund size
£602m (£709m 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.
150
Top in this sector
Fund name1 Year
Charlemagne Magna New Frontrs43.9%
GAM Star Nth of Sth EM Eq37.4%
HSBC GIFEconScaleIxGEMEq36.5%
Dimensional EmMkt Tgt Val32%
Templeton BRIC32%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • South Africa49%
    Russia27.3%
    Netherlands3.1%
    United Arab Emirates3%
    Others2.8%
  • Financials30.4%
    Consumer Discretionary27.9%
    Consumer Staples15.3%
    Materials11.1%
    Information Technology5.6%
  • South African Equities49%
    Russian Equities27.3%
    Dutch Equities3.1%
    Emirian Equities3%
    International Equities2.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.8%-2.6%3.5%-0.3%--
Sector-2.7%-4.3%5.9%6.5%-7.7%0.7%
Rank within sector3 / 26364 / 267158 / 263222 / 258--
Quartile1st1st3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund6.2%-6.7%3.3%--
Sector9%-14.3%-1.4%-0.7%14.2%
Rank within sector165 / 25851 / 24176 / 215--
Quartile3rd1st2nd
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 high15.64
52 week low11.47
Current bid price-
Current offer price-
Current mid price14.65
Region
1South Africa49%
2Russia27.3%
3Netherlands3.1%
4United Arab Emirates3%
5Others2.8%
6Nigeria2.6%
7Money Market2.5%
8Israel2.3%
9Poland2.2%
Industry sector
1Financials30.4%
2Consumer Discretionary27.9%
3Consumer Staples15.3%
4Materials11.1%
5Information Technology5.6%
6Energy4%
7Money Market2.5%
8Health Care2.1%
9Industrials1.1%
Asset type
1South African Equities49%
2Russian Equities27.3%
3Dutch Equities3.1%
4Emirian Equities3%
5International Equities2.8%
6African Equity2.6%
7Money Market2.5%
8Israeli Equities2.3%
9Polish Equities2.2%
Individual holdings
1NASPERS9.8%
2STEINHOFF INTERNATIONAL HLDGS8.27%
3SBERBANK OF RUSSIA7.93%
4DISCOVERY LTD7.33%
5LUKOIL PJSC4.03%
6MAGNITOGORSK IRON & STEEL WORKS3.36%
7BID CORPORATION LTD3.31%
8FIDELITY INSTITUTIONAL LIQUIDITY USD A ACC3.27%
9AVI LTD3.24%
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 with the level of income expected to below. At least 70% invested 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 those that are emerging markets according to the MSCI Emerging Markets Europe, Middle East and Africa Index. 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 EMEA Index (Capped 5%)
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Nick Price10/06/2007Nick Price is Fidelitys primary Global Emerging Market (GEM) and Emerging EMEA equity portfolio manager. He joined Fidelity in January 1998 as a research analyst before being selected as the assistant portfolio manager for Fidelitys flagship European Growth Fund in 2004. He launched the teams first EMEA portfolio in late 2005 and was later appointed to manage Fidelitys GEM strategies in mid 2009. Before joining Fidelity, Nick worked for a variety of investment banks in London and prior to that, worked as a Senior Auditor for PriceWaterhouse in Johannesburg. Nick holds a Bachelor of Commerce and Diploma in Accounting from the University of Natal, is a Member of the South African Institute of Chartered Accountants and is a CFA Charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, SRS, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden, Taiwan - Province Of China, United Arab Emirates
Fidelity Emerging Europe Middle East & Africa A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.01%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price15.74
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAAM2
Fidelity Emerging Europe Middle East & Africa 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)2.01%
Total expense ratio (TER)2.03%
Bid price-
Offer price-
Mid price12.61
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAAM3
Fidelity Emerging Europe Middle East & Africa A EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.01%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price15.04
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAAM4
Fidelity Emerging Europe Middle East & Africa A GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)2.02%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price18.72
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAAM5
Fidelity Emerging Europe Middle East & Africa A Hedged Acc PLN
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.06%
Total expense ratio (TER)2.06%
Bid price-
Offer price-
Mid price12.1
CurrencyPLN
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGE0K
Fidelity Emerging Europe Middle East & Africa A SGD
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)2.01%
Bid price-
Offer price-
Mid price0.984
CurrencySGD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBZJ7
Fidelity Emerging Europe Middle East & Africa A USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price12.03
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAAM6
Fidelity Emerging Europe Middle East & Africa E Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)2.76%
Bid price-
Offer price-
Mid price14.65
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAAX3
Fidelity Emerging Europe Middle East & Africa Y Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.79
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFC7S
Fidelity Emerging Europe Middle East & Africa 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)1.27%
Total expense ratio (TER)1.26%
Bid price-
Offer price-
Mid price10.93
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFK0
Fidelity Emerging Europe Middle East & Africa Y EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.38
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFC7T
Data provided by

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