Quick Stats

Bid Price - Offer Price -
Mid Price GBX 218.30 Day Change GBX -0.90 (-0.41%)
Price Date 20 Oct 2017 Crown Rating 5
Shares Class Inc. Yield 0.00 %
Total Expense Ratio 1.26 Fund Size 114,776,755.52
Launch Date 14/01/2008 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 (%) 1.26
ISIN GB00B87Z7808 Min TopUp (£) 250.00

Fund Objective

Aims to provide long-term capital growth. Invests primarily 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 countries which are considered 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. 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. 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.

Fund Managers

Nick Price
Nick 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.
Greg Konstantinidis
Greg is the portfolio manager for the Emerging Markets Consumer strategy and manages an EMEA pilot fund. He joined Fidelity International’s emerging markets team in 2006 as a research analyst. Initially he focused on Industrials, Healthcare and Refineries within the EMEA region, before assuming responsibility for the Consumer and Media Sectors across a broader range of emerging markets in 2009. Greg holds a BSc in Accounting & Finance from the University of Macedonia, Greece, and an MSc in Accounting and Finance from the London School of Economics.