Fidelity Emerging Europe Middle East and Africa Fund W-Accumulation

Name
Fidelity Emerging Europe Middle East and Africa Fund W-Accumulation
Manager
Fidelity (FIL Investment SVCS (UK) Ltd)
Type
Open Ended Investment Company
ISIN
GB00B87Z7808
Sector
Specialist
Launched
07/03/2014
OCF
1.08 %
3 Year Sharpe
0.35
Yield
3.2 %
Benchmark
MSCI EMERGING EMEA CAPPED 5% (N)
The fund aims to increase the value of your investment over a period of 5 years or more by investing at least 70% in equities (and their related securities) of companies having their head office or exercising a predominant part of their activity in less developed countries of Central, Eastern and Southern Europe (including Russia), Middle East and Africa including those that are considered as emerging markets according to the MSCI Emerging Markets Europe, Middle East and Africa Index. The fund may also invest in other transferable securities, collective investment schemes, money market instruments, cash and deposits and is also able to use derivatives for efficient portfolio management and investment purposes.
Holding %
Sberbank of Russia PJSC 7.34 %
Naspers Ltd Class N 5.51 %
Emirates Nbd Pjsc(Ml) (Eln) 01/03/22_warrant 4.99 %
Absa Group Ltd 4.63 %
HSBC Bank plc 3.84 %
Turkiye Garanti Bankasi AS 3.75 %
Sasol Ltd 3.58 %
Gazprom PJSC ADR 3.51 %
Tatneft PJSC Participating Preferred 3.25 %
Prosus NV Ordinary Shares - Class N 2.62 %
Region %
Europe - Emerging 45.42 %
Africa 33.52 %
Eurozone 11.55 %
Sector %
Financial Services 35.32 %
Energy 19.69 %
Basic materials 13.33 %
Consumer Cyclical 11.59 %
Technology 11.27 %
Name
Fidelity (FIL Investment SVCS (UK) Ltd)
Address
TN11 9DZ, Hildenborough, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Nick Price
Joined 02/28/2008

Nick Price is Fidelity’s 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 Fidelity’s flagship European Growth Fund in 2004. He launched the team’s first EMEA portfolio in late 2005 and was later appointed to manage Fidelity’s 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.

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