FIDELITY EMERGING MARKETS LTD PTG SHS NPV
Symbol: FEML
Streaming is not available when market closed. Some prices may be as at close of business from the previous working day.
Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.
Invest in this share within an ISA, JISA, SIPP or Investment Account
Past Performance
- 23rd Jun 2020 to 23rd Jun 202130.46%
- 23rd Jun 2021 to 23rd Jun 2022-31.82%
- 23rd Jun 2022 to 23rd Jun 2023-1.90%
- 23rd Jun 2023 to 23rd Jun 202420.25%
- 23rd Jun 2024 to 23rd Jun 202513.46%
Key Information
| Benchmark | MSCI Emerging Markets |
| Sector | IT Global Emerging Markets |
| Gearing | 100% |
| Ex-Dividend Date | 14 Nov 2024 |
| Dividend Pay Date | 13 Dec 2024 |
| Total Dividends - Year to Date | 15.3 |
| Dividend Yield (%) | 1.9767 |
Net Asset Value (Nav)
| Latest actual NAV | 856.11 |
| Latest actual NAV date | 19/06/2025 |
| NAV frequency | Daily |
| Premium/Discount | -9.59% |
Charges
|
Total Ongoing Charges
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. |
0.81% |
| Performance Fee | No |
| AMC | 0.60% |
|
Our Platform Charge
We charge a platform fee of 0.30% per annum on the value of all stocks & shares held across all accounts, minimum £50 and maximum £600 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here . |
0.30% |
Cost and Charges Information
This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product
Account Type
Annual charges
These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate
| Cost Category | % of Investment | lump sum costs |
|---|---|---|
Our annual fee
Our annual feeIncludes our platform fee at 0.30% per annum (excluding Charles Stanley Multi Asset Funds and anycash held). The min fee is £60, the max is £600 per annum, plus SIPP administration fee (if applicable, only charged if < £30,000 held) – see here |
0.30% | |
Dealing charges
Dealing chargesAny one-off commission charges associated with investing. Note that government taxes and levies are not included. This does not include any commission credits you may have available |
N/A | |
Product provider costs
Product provider costsProduct provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs |
0.81% | |
Total (£)
Total (£)Costs per annum displayed in monetary value |
||
Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
||
Cumulative effect of charges on your investment's return
This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges
| lump sum invested with an assumed growth rate of | 1 year | years |
|---|---|---|
What you might get back at with no charges applied
What you might get back at with no charges appliedThese are the illustrative values of a investment after growth and no costs applied at the end of the defined period |
||
Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
||
Effect of charges on return (%)
Effect of charges on return (%)These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate |
||
Effect of charges on return (£)
Effect of charges on return (£)These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate |
||
What you might get back at with charges applied
What you might get back at with charges appliedThese are the illustrative values of a investment after growth and costs at the end of the defined period |
This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use
Company
Business Summary
Fidelity Emerging Markets Limited is a Guernsey-based closed-ended investment company. The Company's investment objective is to achieve long term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging market companies, both listed and unlisted. It invests at least 80% in companies with head offices, listings, assets, operations, income, or revenues predominantly in or derived from emerging markets. A diversified portfolio of at least 75 holdings in companies listed or operating in at least 15 countries should be maintained. The Company may also invest in other transferable securities, investment companies, money market instruments, unlisted shares, cash, and deposits. FIL Investment Services (UK) Limited is the alternative investment fund manager of the Company.
Financial Summary
BRIEF: For the fiscal year ended 30 June 2024, Fidelity Emerging Markets Ltd revenues increased from $38.4M to $156.1M. Net income increased from $14.5M to $126.1M. Revenues reflect Realized Gain/Loss on Derivative-Hedging increase from -$27.8M to $24.1M, Unrealized Gain / Loss increase of 44% to $107.1M, FV/Uls Adjust on Derivatives for Hedging increase from -$10M to $11.8M.
Performance
Cumulative Performance
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years |
| 6.03% | 6.46% | 12.17% | 13.46% | 33.85% | 19.05% |
Important Information
Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.
The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.
Composition
View Fund Allocation by:
Important Documents
The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.
The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
234,342 bytes PDF Document; last updated 31 Mar 2025
230,981 bytes PDF Document; last updated 21 May 2025
4,323,413 bytes PDF Document; last updated 30 Jun 2024
1,459,286 bytes PDF Document; last updated 31 Dec 2024
Management Team
Chris Tennant Nick Price
Chris Tennant
has managed this fund for 3 years and 8 months.
Chris Tennant, Co-Portfolio Manager for the FAST-Emerging Markets strategy, joined Fidelity in January 2011 as an Equity Analyst, covering European Transportation. In October 2012, he rotated onto the London based EM team to cover EMEA and Latin America Metals & Mining stocks. In January 2015, Chris was chosen by Nick to undertake a newly created EM shorting analyst role. Since then, they have worked in close partnership to identify opportunities for the short book, initially focused on EMEA and Latin America. In July 2019, Chris was appointed to an as Assistant Portfolio Manager on the FAST-Emerging Markets strategy, before his subsequent promotion to Co-Portfolio Manager in 2021. In this role, Chris’ primarily focus remains on the short book. He continues to work in conjunction with the wider team of short analysts contributing to the strategy. In parallel with these responsibilities Chris is a member of the Emerging EMEA and Latin America Equities portfolio management teams. Chris has spent his entire career at Fidelity. He holds a master’s degree in Engineering from Imperial College London.
Manager Cumulative Performance v Peer Group
Nick Price
has managed this fund for 3 years and 8 months.
Nick Price led the development of Fidelity’s Emerging EMEA group, launching the team’s first portfolio in 2005. The investment process has been consistently used by the current team since it was first adopted in 2005 and remains the cornerstone of Fidelity’s emerging markets equity strategies. It was subsequently deployed by the group on a global basis in 2009. In 2011, Nick developed and led the launch of the FAST-Emerging Markets strategy, for which he remains Lead Portfolio Manager. Nick joined Fidelity in January 1998 as a research analyst covering several pan-European sectors before being selected as the assistant portfolio manager for Fidelity’s flagship European Growth Fund in September 2004.
Prior to joining Fidelity, Nick was an Accountant with SBC Warburg from 1996-1997, based in London; an FX Product Accountant with Daiwa Europe Bank between 1995-1996, based in London; a Project Accountant for JP Morgan from 1993-1995, based in London and Senior Auditor for Price Waterhouse from 1991-1993, based in Johannesburg. Nick holds a Bachelor of Commerce and Diploma in Accounting from the University of Natal and is a Member of the South African Institute of Chartered Accountants and is a CFA Charter holder.
Manager Cumulative Performance v Peer Group
Financials
Income Statement - All values are in GBP (M).
|
Year Ending |
30/06/2024 |
30/06/2023 |
30/06/2022 |
30/06/2021 |
30/06/2020 |
30/06/2019 |
|---|---|---|---|---|---|---|
| Total Revenue | 156.12 | 38.41 | -474.09 | 511.31 | -33.64 | 72.42 |
| Gross profit | 151.03 | 33.44 | -479.72 | 496.43 | -46.06 | 59.78 |
| Operating Profit/Loss | 149.81 | 32.18 | -487.53 | 493.34 | -48.83 | 56.27 |
| Profit Before Tax | 128.25 | 16.53 | -501.48 | 493.34 | -48.83 | 56.26 |
| Profit After Tax | 126.07 | 14.55 | -497.48 | 483.97 | -46.43 | 47.93 |
| Equity Holders of Parent Company | 126.07 | 14.55 | -497.48 | 483.97 | -46.43 | 47.93 |
| Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
|
Year Ending |
30/06/2024 |
30/06/2023 |
30/06/2022 |
30/06/2021 |
30/06/2020 |
30/06/2019 |
|---|---|---|---|---|---|---|
| Total Non-Current Assets | 696.75 | 778.61 | NIL | 1,679.94 | 1,205.29 | 1,290.59 |
| Total Current Assets | 87.23 | 52.22 | 824.60 | 29.58 | 35.09 | 24.27 |
| Total Assets | 783.98 | 830.82 | 824.60 | 1,709.52 | 1,240.38 | 1,314.86 |
| Total Liabilities | 30.54 | 34.09 | 27.83 | 10.44 | 4.63 | 9.60 |
| Total Net Assets | 753.45 | 796.73 | 796.76 | 1,699.08 | 1,235.75 | 1,305.26 |
| Shareholders Funds | 753.45 | 796.73 | 796.76 | 1,699.08 | 1,235.75 | 1,305.26 |
| Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
| Total Equity | 753.45 | 796.73 | 796.76 | 1,699.08 | 1,235.75 | 1,305.26 |