Introducing the Investment Managers
Amit has extensive experience in managing Emerging Market equities, having joined Fidelity in a research capacity in 2006. His career at Fidelity spans both investment research and portfolio management at a country, regional and global level. He has had portfolio management responsibilities since 2016. Amit has been a long-standing and close affiliate of Alex Duffy and Amit is part of the Asia Portfolio Management team.Fidelity International
Punam’s investment career spans over 20 years, traversing India, China, Latin America, Emerging Europe, Middle East and African markets. She is currently also the Director for EMEA (Europe, Middle East, Africa) and Latin American Equities at Fidelity. She has detailed knowledge of sustainability, having led the global implementation of Fidelity’s proprietary sustainability ratings. Given the importance of ESG to our investors, this appointment represents another milestone in our ESG journey.Fidelity International
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.