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Contact details

ManagerGroupLogo
Oakhill House, 130 Tonbridge Road, Hildenborough, Tonbridge, Kent, TN11 9DZ
0800 783 9646 (Fax Number)
0800 41 41 61 (Investor Helpline)
44 1737 83 8000 (Main Number)

info@fidelity.co.uk

Fund managers

* Nick Price14-Jan-2008 to Present
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Investment objectives

The Fund’s investment objective is to achieve long term capital growth through a portfolio primarily in securities of companies having their head office or exercising a predominant part of their activity in less developed countries of Central, Eastern and Southern Europe (including Russia), Middle East and Africa including those that are considered as emerging markets according to the MSCI EM Europe, Middle East and Africa Index. The Fund may also invest in other transferable securities, units in collective investment schemes, money market instruments, cash and deposits. Derivatives and forward transactions may also be used for investment purposes.

Key Information

Fund vs sector

  1y 3y
Position 102 / 135 48 / 110
Quartile 4 2

Fund ratings

BronzeMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 5 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 15.22 15.03
Alpha -10.33 0.67
Beta 2.13 1.46
Sharpe -0.01 0.33
Info Ratio -0.68 0.29
R2 0.75 0.69
Quartiles:   1  2  3  4   help with ratios
vs. Specialist»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC -6.5+19.2+40.0+19.1+7.0-8.0+27.7
  SPECIALIST   -1.1+10.1+27.9+8.6+2.5-0.4+16.7
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIDELITY EMERGING EUROPE MIDDLE EAST AND AFRICA Y ACC ACC 140.40 (p) 31-Oct-2014 0.00 1.31% G7FE B818K64
pdf FIDELITY EMERGING EUROPE MIDDLE EAST AND AFRICA W ACC ACC 166.40 (p) 31-Oct-2014 0.00 n/a GMTQ B87Z780
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIDELITY EMERGING EUROPE MIDDLE EAST AND AFRICA ACC 147.90 (p) 31-Oct-2014 0.00 1.89% AYO6 B29TR99

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£136.0m / $217.8m (30-Sep-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch14-Jan-2008
Pricing times12:00 daily Dealing frequencyn/a
Dealing timesn/a
Minimum initial£ 1,000
Minimum additional£ 250
Initial charge3.50%
Annual management charge1.50%
Note to chargesInitial Charges: max.;
Trustee / DepositaryJP Morgan Trustee and Depositary Company Ltd
RegistrarFidelity Investment Services Limited
Multi-Managern/a
Indexn/a
Dividend policyMar 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Eastern Europe Middle East and Africa Equity Mixed Specialist
Largest holdings, 30-Sep-2014
Holding (%) Rank Fund factsheet Equity factsheet
NASPERS LTD 9.20 1 - -
STEINHOFF INTL HOLDINGS LTD 5.20 2 - -
REMGRO LTD 4.10 3 - -
MTN GROUP 3.90 4 - -
SBERBANK RUSSIA 3.80 5 - -
BIDVEST GROUP LTD 3.40 6 - -
SURGUTNEFTEGAZ JSC 3.30 7 - -
ASPEN PHARMACARE HLDGS 3.00 8 - -
WOOLWORTHS HLDGS 2.90 9 - -
MMC NORILSK NICKEL 2.80 10 - -
Total41.60 
Regional weightings, 30-Sep-2014
Region(%)Rank 
South Africa48.801 48.80% South Africa
Russia15.402 15.40% Russia
Nigeria9.103 9.10% Nigeria
Other Countries6.404 6.40% Other Countries
Turkey4.305 4.30% Turkey
United Arab Emirates3.706 3.70% United Arab Emirates
Kenya2.707 2.70% Kenya
Netherlands2.308 2.30% Netherlands
Kazakhstan2.309 2.30% Kazakhstan
Egypt1.8010 1.80% Egypt
Israel1.7011 1.70% Israel
Uninvested cash1.5012 1.50% Uninvested cash
Total100.00 
Sector weightings, 30-Sep-2014
Sector(%)Rank 
Financials34.201 34.20% Financials
Consumer Discretionary20.802 20.80% Consumer Discretionary
Consumer Staples12.703 12.70% Consumer Staples
Telecommunication Services7.304 7.30% Telecommunication Services
Materials6.905 6.90% Materials
Energy5.806 5.80% Energy
Health Care4.107 4.10% Health Care
Industrials4.008 4.00% Industrials
Information Technology2.709 2.70% Information Technology
Uninvested cash1.5010 1.50% Uninvested cash
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
 
 
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Asset allocation

South African Equities, 48.80%
48.8000% ofSouth African Equities
Russian Equities, 15.40%
15.4000% ofRussian Equities
African Equity, 11.80%
11.8000% ofAfrican Equity
International Equities, 6.40%
6.4000% ofInternational Equities
Turkish Equities, 4.30%
4.3000% ofTurkish Equities
Emirian Equities, 3.70%
3.7000% ofEmirian Equities
Kazakhstani Equities, 2.30%
2.3000% ofKazakhstani Equities
Dutch Equities, 2.30%
2.3000% ofDutch Equities
Egyptian Equity, 1.80%
1.8000% ofEgyptian Equity
Israeli Equities, 1.70%
1.7000% ofIsraeli Equities
Money Market, 1.50%
1.5000% ofMoney Market

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