How UK's top-performing EM fund dodged the sell-off

How Fidelity's Price dodged EM sell-off

Fidelity's Nick Price tells Nick Paler how his top decile fund dodged much of the brutal sell-off in emerging markets, and why the dramatic falls have presented investors with the perfect entry point.

Fidelity Worldwide Investment’s Emerging Markets fund launched in OEIC form four years ago, having been run as a successful SICAV for over two decades. The onshore fund faced a baptism of fire as market turmoil presented the manager with a challenge soon after launch. After six months, markets hit a peak before a vicious drop which left many in negative territory and, although the region enjoyed a solid run in 2012, that too was curtailed in the middle of last year as the prospect of tapering in the US sparked fresh losses. Emerging markets subsequently gave back three years of gains ...