Fidelity launches Emerging Asia fund

Fidelity is launching an Emerging Asia vehicle this month. The offshore vehicle will have ...

Fidelity is launching an Emerging Asia vehicle this month. The offshore vehicle will have UK distributor status but a dollar share class only. It will be run by Teera Chanpongsang, holding 80 to 120 stocks, and focusing mainly in China, India and ASEAN countries ex-Singapore. However it can invest up to 30% of the fund in frontier markets as well. The Hong Kong based manager said the emerging Asia region odder higher returns than developed regions. He pointed to the region’s faster economic growth, favourable demographics, rising investment in fixed assets and expanding domestic consum...