Fidelity International has launched a Luxembourg-domiciled Emerging Europe, Middle East and Africa fund.
The fund will be run by Nick Price and aims to generate long-term capital growth through investing primarily in securities of companies which have their head office or a predominant part of their activity in Central, Eastern and Southern Europe (including Russia), Middle East and Africa. It will typically hold between 50 and 70 stocks. The benchmark of the fund is the MSCI Emerging EMEA Index (capped 5%). However, the manager will not be constrained to this benchmark and will therefore be able to invest in other countries in the region such as Bulgaria, Estonia, Kazakhstan, Latvia, Lithuani...
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