Fidelity launches Emerging Asia fund

The Fidelity Funds Emerging Asia fund is a Luxembourg-domiciled vehicle and will typically invest in 80-120 stocks from a universe of almost 1,000. The fund's benchmark is the Custom MSCI Emerging Asia Composite Index. It will be managed by Teera Chanpongsang who will invest the majority of the portfolio in China, India and the ASEAN countries (ex Singapore). He will also have the capacity to invest up to 30pc of the portfolio in the frontier markets of Bangladesh, Pakistan, Sri Lanka, Vietnam and other newer emerging economies in the Asian region, as and when opportunities arise. Cha...