Fidelity Emerging Markets Limited Edison initiates on Fidelity Emerging Markets
20 Dezember 2021 - 8:59AM
RNS Non-Regulatory
TIDMFEML
Fidelity Emerging Markets Limited
20 December 2021
London, UK, 20 December 2021
Edison initiates on Fidelity Emerging Markets (FEML)
Fidelity Emerging Markets (FEML, formerly Genesis Emerging
Markets, GSS) was transferred to Fidelity in October 2021,
following board recommendation and a favourable shareholder vote.
FEML mirrors the FAST fund (GBP346m at 30 November), which has
achieved a strong track record over the past 10 years, consistently
outperforming the MSCI Emerging Markets Index under lead fund
manager Nick Price. Like FAST, FEML can take both long and short
positions (subject to strict limits). It is differentiated by the
ability to buy less liquid stocks, due to its closed-ended
structure. Relative to long-only strategies, FEML can build a
higher gross long exposure, which the Fidelity team believes offers
greater scope for outperformance.
Under Genesis Investment Management, the company grew
shareholder value over the long term, outperforming the benchmark.
Fidelity aims to maintain this and to augment returns over the
cycle, applying; resources that are available to Fidelity: research
analysts based locally in Asia, who are industry experts, liaising
with local managers as well as suppliers and competitors; and a
broad range of investment techniques: maintaining net exposure at c
100%, investing in ideas with the highest conviction, shorting
losers, using pair trades to achieve a return from both long and
short positions, receiving additional income from the derivatives
strategy.
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About Edison: E dison is a leading research and investor
relations consultancy, connecting listed companies to the widest
pool of global investors. By focusing on the volume and quality of
investors reached - across institutions, family offices, wealth
managers and retail investors - Edison can create and gauge intent
to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual
meetings.
Having been the first in-market 17 years ago, Edison now has
more than 100 analysts covering every economic sector.
Headquartered in London, Edison also has offices in New York,
Frankfurt, Amsterdam and Tel Aviv and a presence in Athens,
Johannesburg and Sydney.
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For more information, please contact Edison:
Victoria Chernykh +44 (0)20 3077 5700
investmenttrusts@edisongroup.com
Sarah Godfrey +44 (0)20 3681 2519
investmenttrusts@edisongroup.com
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