Fidelity Emerging Markets Limited Edison initiates on Fidelity Emerging Markets
December 20 2021 - 2:59AM
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.
Click here to view the full report or here to sign up to receive
research as it is published.
All reports published by Edison are available to download free
of charge from its website
www.edisongroup.com
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.
Edison is authorised and regulated by the Financial Conduct
Authority .
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
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
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn www.linkedin.com/company/edison-group-/
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRADKOBQDBDDDBD
(END) Dow Jones Newswires
December 20, 2021 02:59 ET (07:59 GMT)
Genesis Emerging Markets... (LSE:GSS)
Historical Stock Chart
From Jul 2024 to Aug 2024
Genesis Emerging Markets... (LSE:GSS)
Historical Stock Chart
From Aug 2023 to Aug 2024