FIDELITY has launched Emerging Europe, Middle East and Africa fund, a Luxembourg-domiciled vehicle which is managed by Nick Price.
Price will seek to profit from long-term trends such as global industrialisation and rapid urbanisation, plus continued strong demand for natural resources. The fund will invest primarily in Czech Republic, Egypt, Hungary, Israel, Jordan, Morocco, Poland, Russia, South Africa and Turkey. Price said: “The region of Emerging Europe, Middle East and Africa (EMEA) offers one of the most exciting investment opportunities in today’s market. It has an investment universe of $1.5 trillion and with low correlation to the US, Europe and UK, and low inter-market correlation across the region it of...
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