The Luxembourg-domiciled fund will invest in 80-120 stocks with heavy weightings in China, India and Asean countries ex-Singapore at launch.
In addition to these weightings, Chanpongsang also has the freedom to invest 30 per cent of the fund in the frontier markets of Bangladesh, Pakistan, Sri Lanka, Vietnam and other emerging economies.
The funds 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 the region has greater potential than developed markets because of faster economic growth, favourable demographics, rising investment in fixed assets and expanding domestic consumption.
Chanpongsang invests in stocks either directly listed in the emerging markets or with companies in the region with exposure to that country, for example Vietnam where he sees the current local exchange being unattractive as valuations are too high.