View more on these topics

Fidelity expands Asia offering with emerging markets fund

Fidelity has brought out an emerging Asia fund to be run by Teera Chanpongsang.

The Luxemburg-domiciled fund will invest in 80 to 120 stocks with heavy weightings in China, India and Asean countries excluding Singapore. Chanpongsang can invest up to 30 per cent in the frontier markets of Bangladesh, Pakistan, Sri Lanka, Vietnam and other emerging economies.

The fund’s benchmark is the Custom MSCI Emerging Asia composite index.

Chanpongsang has worked at Fidelity for 14 years and is based in Hong Kong.

He believes that the region has greater potential than developed markets due to faster economic growth, favourable demographics, rising investment in fixed assets and expanding domestic consumption.

He will invest directly in stocks listed in emerging countries or in companies in the region that have exposure to countries such as Vietnam where he sees locally listed stocks as being at high valuations.

Fidelity is keen to build on its Asian offering this year and has already launched an Asian aggressive fund for David Urquhart.

Chelsea Financial Services managing director Darius McDermott says: “Asia is a fast growing market and in this climate it makes sense for Fidelity to make use of its teams and build on that offering.”

Recommended

UK: mid-year review and outlook

By Mark Martin, manager of the Neptune UK Mid Cap Fund, and Scott MacLennan, manager of the Neptune UK Opportunities Fund H1 2014• Equity markets continued to show strength: despite a strong rally in 2013 driven by a market-wide re-rating, equity markets continued to generate positive returns for investors. Economic activity continued to be stimulated […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com