Omnis Global Emerging Markets Equity Leaders Fund

Investment Objective

The fund aims to achieve a return consisting of both income and capital growth which, after all fees and expenses, exceeds that of the MSCI Emerging Markets TR Index over a five-year rolling period.

The fund seeks to invest in good businesses that can be held for the long term. The team seek to exploit the best opportunities available in emerging markets irrespective of location or industry, driven by Fidelity’s global research platform. The portfolio will typically have 30-60 holdings.

The manager has a strict focus on corporate governance and looks for businesses with robust balance sheets that can see them through times of economic stress. They look for key attributes such as a strong brand or a good industry structure. They will the engage with the management team to understand the business in more depth, additionally focussing on understanding the value chain, competition and the business’ consumers and clients.

Fidelity also engages in thorough sustainability research, focusing on the environment impact of companies, a thorough analysis of governance and an assessment of their social impact.

In keeping with the Omnis investment principles, the fund takes a long-term approach to investing, aiming to hold stocks for between three and five years. The fund is actively managed, and the manager has full discretion when choosing assets to invest in (in-line with the fund’s investment objectives).

Key Fund Facts

Experienced investment team

Amit has over 15 years of experience in the industry.

Established investment philosophy

The manager believes companies that are run responsibly and sustainably will ultimately deliver superior returns for shareholders.

Disciplined stock selection

The managers and the wider investment team consistently and prudently apply the philosophy to the wide range of companies that are available, leading to a focused portfolio of stocks that can be held for the long-term.

Investment Policy

The fund intends to invest at least 80% in the equity securities of Emerging Markets companies defined as those which are domiciled, incorporated or have a significant exposure to Emerging Markets. The fund will seek to invest in industry-leading companies delivering reliable earning streams. Exposure to established larger companies will be greater than 50% of the fund. Large companies are defined as those with a market cap of $10 billion or more at the time of the fund’s investment. Companies whose capitalisation no longer meets this definition after investment will continue to be considered large market capitalisation companies.

The fund may also invest in other transferable securities (for example, equity securities of other international companies), units in collective investment schemes (including schemes managed and operated by the ACD or its associates), money market instruments, warrants, cash, near cash and deposits as detailed in the Prospectus.

It is envisaged that the investment portfolio of the fund will be concentrated, typically comprising between 30 and 60 holdings.

Derivatives may be used for the purposes of hedging and for efficient portfolio management.