Evidence and analysis
- Share-class currency
- HKD
- ISIN
- LU0737861772
- Hedging status
- Not inferred from currency; consult the exact share-class factsheet.
The fund's base currency, shown in the prospectus description below, can differ from this share class's dealing currency. All benchmark comparisons above use the stated share-class currency.
Benchmark: MSCI Emerging Markets Asia (N)
| Period | Fund | Index | Gap (pp) |
|---|---|---|---|
| 1 year | 24.4% | 33.7% | -9.3 |
| 1-year: Underperforming | |||
| 3 years | 76.2% | 100.5% | -24.3 |
| 3-year: Underperforming | |||
Gap = fund minus index in percentage points. Returns are cumulative, with dividends reinvested, in the share class currency. Includes ongoing charges; excludes entry/exit fees. Based on Fidelity's rounded comparison table. A negative gap indicates underperformance for that period.
The Fidelity Funds - Emerging Asia Fund A-ACC-HKD page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for Emerging Asia Fund.
Investment Objective
The fund aims to achieve capital growth over the long term.
Investment Policy
The fund invests at least 70% (and normally 75%) of its assets, in equities of companies that are headquartered or do most of their business in less developed countries of Asia that are considered as emerging markets. The fund may also invest in money mark et instruments on an ancillary basis. The fund will invest less than 30% of its assets (directly and/or indirectly) in China A and B Shares (in aggregate). The fund will invest less than 5% of its assets in SPACs.
Investment Process
In actively managing the fund, the Investment Manager considers growth and valuation metrics, company financials, return on capital, cash flows and other measures, as well as company management, industry, economic conditions, and other factors. The Investment Manager considers ESG characteristics when assessing investment risks and opportunities. In determining ESG characteristics, the Investment Manager takes into account ESG ratings provided by Fidelity or external agencies. The fund aims to achieve an ESG score of its portfolio greater than that of its benchmark. Through the investment management process the Investment Manager aims to ensure that investee companies follow good governance practices. For more information, see Sustainable Investing and ESG Integration and the Sustainability Annex.
SFDR Product Category
Article 8 (promotes environmental and/or social characteristics) ESG Tilt.
Derivatives and Techniques
The fund may use derivatives for hedging, efficient portfolio management and investment purposes. In addition to core derivatives (see How the Funds Use Instruments and Techniques), the fund intends to use TRS. TRS (including CFD) usage Expected 5%; maximum 10%. Securities lending Expected 15%; maximum 30%. Repos/reverse repos Expected 0%; maximum 30%.
Benchmark
MSCI Emerging Markets Asia Index, a broad market index that does not take into account ESG c haracteristics. Used for: investment selection, risk monitoring, and performance comparison. The fund invests in securities of the benchmark, however, the management of the fund is discretionary, therefore the fund may invest in securities not included in the benchmark, and its performance over any period may or may not deviate significantly from that of the benchmark.
Base Currency
USD.
Main Risks
- China
- Counterparty and collateral
- Currency
- Derivatives
- Emerging markets
- Equities
- Hedging
- Investment fund
- Liquidity
- Market
- Operational
- Sustainable investing
Risk Management Method
Commitment.
Top Holdings
Sector Allocation
| Sector | Weight |
|---|---|
| Technology | 27.8% |
| Basic Materials | 19.8% |
| Financial Services | 16.3% |
| Consumer Cyclical | 15.6% |
| Industrials | 8.1% |
| Communication Services | 6.4% |
| Real Estate | 2.1% |
| Consumer Defensive | 2.1% |
| Health Care | 1.8% |
Portfolio Manager
Madeleine Kuang
| Holding | Symbol | Weight |
|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | 2330.TW | 9.76% |
| Tencent Holdings Ltd | 0700.HK | 7.68% |
| Techtronic Industries Co Ltd | 0669.HK | 7.24% |
| BHP Group Ltd | BHP.AX | 5.09% |
| AIA Group Ltd | 1299.HK | 5.00% |
| PDD Holdings Inc ADR | PDD | 4.18% |
| Yum China Holdings Inc | YUMC | 4.05% |
| Zijin Mining Group Co Ltd Class H | 02899 | 3.54% |
| Fuyao Glass Industry Group Co Ltd Shs -H- Unita… | 03606 | 3.34% |
Source
- Fidelity Funds, April 2026 Hong Kong Extract Prospectus:
data/fidelity/pr.ff.HK-en.HK.pdf
Latest Official Fund Data
| Metric | Current official value |
|---|---|
| NAV (HKD) | 27.5400 |
| NAV date | 2026-10-23 |
| Daily NAV change | 0.1700 (0.6211%) |
| 1-year performance | 24.4381% |
| 3-year performance | 76.2153% |
| Performance date | 2026-09-30 |
| Fund type | Equity Fund |
| ISIN | LU0737861772 |
Source: Fidelity Hong Kong mutual-fund directory, retrieved 2026-10-26. Observation dates are shown separately; performance figures are reproduced from the official directory in the share class currency. Historical risk and return analysis below has not been recalculated by this directory refresh.