Fidelity International has launched an Emerging Europe, Middle East and Africa fund.
Domiciled in Luxembourg, Fidelity says fund, run by Nick Price, will seek to profit from the impact of global industrialisation, the urbanisation of the region and continued strong natural resources demand. The EMEA region includes the Czech Republic, Egypt, Hungary, Israel, Jordan, Morocco, Poland, Russia, South Africa and Turkey. “The region of Emerging Europe, Middle East and Africa offers one of the most exciting investment opportunities in today’s market,” Price says. “It has an investment universe of $1.5trn and with low correlation to the US, Europe and UK, and low inter-market...
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