Fact sheet: Fidelity Em Mkt Loc Cur Dt

Fund information

Fund name
Fidelity Emerging Market Local Currency Debt E MDis EUR
Fund company manager
Fidelity International (FIL In
Fund type
Fund manager
Eric Wong
since 12/04/2013
Fund objective
Aims to provide income and capital growth. At least 70% invested in investment grade and sub investment grade global emerging market bonds and cash denominated in local currency. It may also invest in global emerging market bonds denominated in non local currency. Emerging markets include Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East, but investments can also be made in other regions. The fund may invest its net assets directly in onshore China bonds listed or traded on any eligible market in China. Up to 25% of the assets of the fund may be invested in corporate bonds of emerging market issuers. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund’s reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency. Can invest in bonds issued by governments, companies and other bodies. May invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, 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.
JPM GBI EM Global Diversified
Investment style
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

1.65 %

1 Year rank in sector



FO Fixed Int - Emerging Markets



Fund size

£ 92.0 m

FE Risk score



Top in sector

Holdings snapshot

  • Global Emerging Markets
  • Money Market
  • Fixed Interest
  • Money Market
  • Global Emerging Market Fixed Interest
  • Money Market

Performance vs. Sector

Cumulative performance

Fund-3.23 %1.33 %1.65 %2.51 %0 %
Sector0.56 %5.4 %5.94 %1.55 %7.76 %
Rank within sector246 / 250218 / 243208 / 236129 / 195 /
Quartile th4 th4 th4 th3 rd th

Calendar performance

Fund0.9 %12.15 %-8.15 %7.73 %0 %
Sector6.59 %10.22 %-7.28 %-0.56 %-7.02 %
Rank within sector223 / 24354 / 228152 / 21015 / 174 /
Quartile th4 th1 st3 rd1 st th

Risk statistics

Tracking error6.9
Information ratio0.25

Price movement

52 week high8.471
52 week low7.776
Current bid price0
Current offer price0
Current mid price7.953

Holdings by region

  • 88.95% Global Emerging Markets
  • 11.05% Money Market

Holdings by sector

  • 88.95% Fixed Interest
  • 11.05% Money Market

Holdings by asset type

  • 88.95% Global Emerging Market Fixed Interest
  • 11.05% Money Market

Individual holdings