Fidelity Emerging Markets Limited (FEML)

Profile

https://www.genesisemf.com/

Fidelity Emerging Markets Limited is a closed-ended investment trust domiciled in Guernsey, structured to deliver long-term capital growth through an actively managed portfolio primarily invested in securities and financial instruments of emerging market companies, both listed and unlisted. Its investment objective focuses on companies with significant operations, assets, or revenues derived from emerging markets, employing an 'extension' investment style that incorporates long and short positions to exploit opportunities benchmark-agnostically. The trust utilizes enhanced investment powers, including financial derivatives for efficient portfolio management, additional market exposure, and hedging against declining asset prices, resulting in potential gearing and higher volatility. Key features include a heavy emphasis on technology and financial services sectors, alongside exposure to regions like Emerging Asia, Europe, the Middle East, Africa, and Latin America, with notable holdings in firms such as Taiwan Semiconductor and positions in South Africa and Taiwan. Managed with a research-driven approach, it distributes dividends annually and plays a significant role in providing investors targeted access to the dynamic, higher-risk emerging markets landscape.