Fact sheet: Fidelity Inst Sel Emg Mkts Eq

Fund information
Fund name
Fidelity Institutional Select Emerging Markets Equities
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Cesar Hernandezsince 01/05/2011
  • John Chowsince 01/05/2011
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. Invests primarily in company shares in developing countries including those in Africa, the Indian sub-continent, Latin America, South East Asia, Europe and the Middle East. 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 Net of UK Tax
Investment style
None
Investment method
Shares
Quick stats
1 Year return
34.9%
1 Year rank in sector
6/56
Sector
UT Global 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.
1.18%
Fund size
£144m (£106m 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.
130
Mid price
168.8
Top in this sector
Fund name1 Year
Neptune Emerging Markets41.3%
Templeton Global Emeg Mkts37.8%
FP Hndrsn Rwe FTSERAFIEmgMkts37.6%
Scot Wid Fdmtl Index Emg Mkt Eq37.4%
UBS Global Emg Mkts Equity35.8%
...more in UT Global Emerging Markets

Performance snapshot

Holdings snapshot

  • China26.3%
    Korea15.5%
    Taiwan11.7%
    India9.6%
    Brazil7.9%
  • Information Technology25.1%
    Financials24.2%
    Consumer Discretionary10.4%
    Consumer Staples7.7%
    Energy6.7%
  • Chinese Equities26.3%
    South Korean Equities15.5%
    Taiwanese Equities11.7%
    Indian Equities9.6%
    Brazilian Equities7.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.6%5.5%2.1%34.9%47.4%42.6%
Sector-3.3%4.7%1.6%29.6%34.9%34.3%
Rank within sector13 / 5816 / 5721 / 576 / 566 / 4811 / 39
Quartile1st2nd2nd1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund9.6%34.1%-8.7%8.5%-3.3%
Sector8.4%32.6%-10.6%3%-2.6%
Rank within sector13 / 5730 / 5518 / 525 / 4721 / 44
Quartile1st3rd2nd1st2nd
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.
-1.27
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.
2.18
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.
0.68
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%.
16.33
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.
12.26
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.
0.53
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.
0.6
Price movement
52 week high173.3
52 week low113.7
Current bid price-
Current offer price-
Current mid price168.8
Region
1China26.3%
2Korea15.5%
3Taiwan11.7%
4India9.6%
5Brazil7.9%
6South Africa5.1%
7Russia4%
8Mexico3.3%
9USA2.6%
Industry sector
1Information Technology25.1%
2Financials24.2%
3Consumer Discretionary10.4%
4Consumer Staples7.7%
5Energy6.7%
6Industrials6.2%
7Materials5.4%
8Telecommunications Utilities4.2%
9Utilities2.7%
Asset type
1Chinese Equities26.3%
2South Korean Equities15.5%
3Taiwanese Equities11.7%
4Indian Equities9.6%
5Brazilian Equities7.9%
6South African Equities5.1%
7Russian Equities4%
8Mexican Equities3.3%
9US Equities2.6%
Individual holdings
1SAMSUNG ELECTRONICS CO5.27%
2TAIWAN SEMICONDUCTOR MANUFACTURING3.96%
3TENCENT HLDGS LTD3.5%
4ALIBABA GROUP HLDG LTD3.03%
5NASPERS2.48%
6CHINA CONSTRUCTION BANK2.14%
7SBERBANK OF RUSSIA1.93%
8ITOCHU CORP1.73%
9SOCIEDAD QUIMICA Y MINERA DE CHILE1.6%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. Invests primarily in company shares in developing countries including those in Africa, the Indian sub-continent, Latin America, South East Asia, Europe and the Middle East. 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 Net of UK Tax
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Cesar Hernandez01/05/2011César Hernández is a portfolio manager at Pyramis Global Advisors, a unit of Fidelity Investments. He developed the Select International discipline at Fidelity and has been responsible for managing Select International and Select Global portfolios on behalf of institutional investors around the world since the discipline’s inception in 1989. Prior to joining Fidelity, César was portfolio manager for international investments at State Street Bank & Trust Company. He began working in the investment industry in 1986. César earned a Bachelor of Science degree from the Universidad Simón Bolívar and a Master’s degree in Business Administration from Babson College. He is a Chartered Financial Analyst charterholder and a member of the Boston Security Analysts Society.
John Chow01/05/2011John Chow is a portfolio manager at Pyramis Global Advisors, a Fidelity Investments company. He has managed assets for institutional and individual investors since 1997. He joined the Select portfolio management team in 2011 and is the co-manager for Pyramis Select Emerging Market strategy. From 2006 to 2012, John managed the Pyramis Diversified Large Cap Core strategy and several other U.S. focused institutional equity portfolios. Beginning in 2003, he contributed to strategy formulation and management of U.S. equity portfolios for institutional clients, blending Fidelity fundamental research with quantitative inputs. John managed the equity portion of the Fidelity Asset Manager Income Fund from 2000 to 2001. From 1997 to 2000, he managed Canadian equity portfolios available exclusively to Canadian investors. He joined Fidelity's quantitative equity group in 1994, where he developed quantitative stock selection models for U.S. and international markets. John earned his bachelor of science degree in computer engineering from the Massachusetts Institute of Technology. He is a Chartered Financial Analyst charterholder and a member of the Boston Security Analysts Society.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Denmark, Finland, France, United Kingdom, Guernsey, Ireland, Netherlands, Norway, Sweden
Fidelity Institutional Select Emerging Markets Equities
Initial charge-
Annual charge1%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price168.8
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXH0
Data provided by

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