| | Dear subscriber,
Asia is home to some of the world’s largest and fastest growing companies. With more than 1,200 investable companies, Asian equities is a heterogenous asset class offering exposure to economies at various stages of development with different growth drivers, presenting a well-diversified opportunity.
With China and India collectively representing more than 60% of global growth, Asia is simply too big to be ignored. |
| | Why it pays to be active in Asia | Asia is a dynamic, complex, and nuanced market. By investing in the benchmark, you could be in for a very volatile ride. For investors, it pays to be on-the-ground, using unique local investment insights to build an active, focused and risk-aware portfolio.
At Fidelity, we’ve been investing in Asia for more than 50 years. Portfolio Manager, Anthony Srom, applies a disciplined and high conviction investment approach to select up to 35 stocks, with a strict one stock in, one stock out approach. This gives him time to focus on specific stocks and seek to generate a greater chance of meaningful alpha. |
| | | | A long track record of strong risk-adjusted returns | For investors in the Fidelity Asia Fund, they’ve been rewarded with strong returns and consistent performance above benchmark.
Net returns as at 28 February 2023
| Fidelity Asia Fund
% | Benchmark
% | Excess return
% | | 3 months | 3.87 | -0.05 | 3.92 | | 6 months | 7.99 | -0.43 | 8.42 | | 1 year | -3.99 | -7.89 | 3.90 | | 3 years %pa | 5.04 | -0.20 | 5.24 | | 5 years %pa | 8.44 | 1.99 | 6.45 | | 7 years %pa | 12.05 | 7.77 | 4.28 |
Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI AC Asia ex-Japan Index NR
|
| | Why should you consider the
Fidelity Asia Fund? | | Portfolio Manager Anthony Srom, explains the key tenants of the Fund’s outperformance and why he thinks it makes a good choice for investors wanting exposure to Asia. | | |
|
|
|
| | | All information is current as at 13/03/23 unless otherwise stated. Not for use by or distribution to retail investors. Only available to a person who is a 'wholesale client' under section 761G of the Corporations Act 2001 (Commonwealth of Australia) ('Corporations Act') and the specified addressee who is a 'wholesale client' under section 761G of the Act.
This email is issued by FIL Responsible Entity (Australia) Limited ABN 33 148 059 009, AFSL No. 409340 (‘Fidelity Australia’). Fidelity Australia is a member of the FIL Limited group of companies commonly known as Fidelity International. Prior to making any investment decision, investors should consider seeking independent legal, taxation, financial or other relevant professional advice. This document is intended as general information only and has been prepared without taking into account any person’s objectives, financial situation or needs. You should also consider the relevant Product Disclosure Statements (‘PDS’) for any Fidelity Australia product mentioned in this document before making any decision about whether to acquire the product. The PDS can be obtained by contacting Fidelity Australia on 1800 044 922 or by downloading it from our website at www.fidelity.com.au. The relevant Target Market Determination (TMD) is available via www.fidelity.com.au. This document may include general commentary on market activity, sector trends or other broad-based economic or political conditions that should not be taken as investment advice. Information stated about specific securities may change. Any reference to specific securities should not be taken as a recommendation to buy, sell or hold these securities. You should consider these matters and seeking professional advice before acting on any information. Any forward-looking statements, opinions, projections and estimates in this document may be based on market conditions, beliefs, expectations, assumptions, interpretations, circumstances and contingencies which can change without notice, and may not be correct. Any forward-looking statements are provided as a general guide only and there can be no assurance that actual results or outcomes will not be unfavourable, worse than or materially different to those indicated by these forward-looking statements. Any graphs, examples or case studies included are for illustrative purposes only and may be specific to the context and circumstances and based on specific factual and other assumptions. They are not and do not represent forecasts or guides regarding future returns or any other future matters and are not intended to be considered in a broader context. While the information contained in this document has been prepared with reasonable care, to the maximum extent permitted by law, no responsibility or liability is accepted for any errors or omissions or misstatements however caused. Past performance information provided in this document is not a reliable indicator of future performance.
The document may not be reproduced, transmitted or otherwise made available without the prior written permission of Fidelity Australia. The issuer of Fidelity’s managed investment schemes is Fidelity Australia.
© 2023 FIL Responsible Entity (Australia) Limited.
Fidelity, Fidelity International and the Fidelity International logo and F symbol are trademarks of FIL Limited. |
|
|
|
