The Fidelity Funds - ASEAN Fund (A-ACC-HKD) is an equity fund that seeks long-term capital growth by investing primarily in securities of companies having their registered office or exercising a predominant part of their economic activity in the ASEAN region, including Singapore, Malaysia, Thailand, Indonesia, the Philippines, and Vietnam.
Investment Objective
The fund aims to provide long-term capital appreciation by investing in equities of companies in the ASEAN region. It targets diversified exposure across multiple Southeast Asian markets, capturing growth opportunities in one of the world’s most dynamic economic regions.
Key Markets
The ASEAN region encompasses over 670 million people and represents a rapidly growing economic bloc. Key investment markets include Singapore (financial hub), Indonesia (largest economy by GDP), Thailand, Malaysia, Vietnam, and the Philippines. The region benefits from strong demographics, rising middle-class consumption, and increasing foreign direct investment.
Currency
The fund is denominated in HKD (Hong Kong Dollar), providing convenience for Hong Kong-based investors without requiring currency conversion to USD.
Risk Considerations
Investors should be aware of emerging market risks, including political instability, currency fluctuations, and lower liquidity compared to developed markets. Concentration in the ASEAN region also introduces geographic risk.
Risk & Return Metrics
Share class: A-ACC-USD (Y-class proxy) | ISIN: LU0346390510 | Data: yfinance (1003 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0222% | 5.75% |
| Risk (Std Dev) | 0.7653% | 12.15% |
| Metric | Value |
|---|---|
| First NAV | 18.4100 |
| Last NAV | 22.3300 |
| Total Return (period) | 21.29% |