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About the company
Fidelity Emerging Markets Limited is a Guernsey-based closed-ended investment company. The Company's investment objective is to achieve long term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging market companies, both listed and unlisted. It invests at least 80% in companies with head offices, listings, assets, operations, income, or revenues predominantly in or derived from emerging markets. A diversified portfolio of at least 75 holdings in companies listed or operating in at least 15 countries should be maintained. The Company may also invest in other transferable securities, investment companies, money market instruments, unlisted shares, cash, and deposits. FIL Investment Services (UK) Limited is the alternative investment fund manager of the Company.
- Revenue in GBP (TTM)79.27m
- Net income in GBP58.67m
- Incorporated1989
- Employees0.00
- LocationFidelity Emerging Markets Ltd1st Floor, Les Echelons CourtLes EchelonsPO Box 556, South Esplnd,Chnl IslndsSAINT PETER PORT GY1 6JBGuernseyGGY
- Websitehttps://investment-trusts.fidelity.co.uk/fidelity-emerging-markets-limited/?p=0&c=10
Profile
| Management group(s) | FIL Investment Services (UK) Ltd |
|---|---|
| AIC sector | Global Emerging Markets |
| ISIN | GG00B4L0PD47 |
| Launch date | 06 Jul 1989 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To achieve long term growth by primarily investing in companies whose head office, listing, assets, operations, income, or revenues are predominantly in or derived from emerging markets, both listed and unlisted. The Company is also able to use derivatives for efficient portfolio management, to gain additional market exposure and to seek a positive return from falling asset prices.
Managed by
| Nick Price, Chris Tennant |
|---|
Management & contract fees
Under the Management Agreement, the Investment Manager is entitled to receive a management fee of 0.60% of net asset value. The fee is calculated and charged daily and payable monthly in arrears.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Cordiant Digital Infrastructure Ltd | 79.68m | 69.56m |
| Polar Capital Global Fincls Trust PLC | -6.31m | -15.53m |
| IP Group Plc | -4.90m | -171.30m |
| Foresight Solar Fund Ltd | -964.00k | -9.28m |
| Fidelity Emerging Markets Ltd | 79.27m | 58.67m |
| Molten Ventures PLC | -126.40m | -160.30m |
| North Atlntc Smlr Cmpns Invtmnt Trst PLC | 18.16m | -5.52m |
| Blackrock Throgmorton Trust PLC | -10.31m | -15.75m |
| Edinburgh Worldwide Investment Trust plc | -171.05m | -182.57m |
| Brunner Investment Trust Plc | 46.38m | 40.63m |
| European Opportunities Trust PLC | 77.54m | 64.12m |
| Pacific Horizon Investment Trust PLC | -38.36m | -51.96m |
| Baillie Gifford US Growth Trust PLC | 26.82m | 20.74m |
| JLEN Environmental Assets Group Ltd | 20.41m | 10.42m |
| Henderson Smaller Companies Inv Trst PLC | -54.04m | -60.89m |
| Asia Dragon Trust PLC | -36.25m | -46.86m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| City of London Investment Management Co. Ltd.as of 31 Aug 2023 | 25.23m | 32.88% |
| Allspring Global Investments LLCas of 31 Aug 2023 | 12.41m | 16.17% |
| Lazard Asset Management LLCas of 31 Aug 2023 | 9.04m | 11.78% |
| Saba Capital Management LPas of 02 Apr 2024 | 1.50m | 1.95% |
| CG Asset Management Ltd.as of 29 Feb 2024 | 1.43m | 1.86% |
| BlackRock Investment Management (UK) Ltd.as of 31 Mar 2024 | 1.34m | 1.74% |
| Vanguard Global Advisers LLCas of 31 Mar 2024 | 969.14k | 1.26% |
| HSBC Global Asset Management (UK) Ltd.as of 04 Apr 2024 | 460.71k | 0.60% |
| Hirtle, Callaghan & Co. LLCas of 31 Dec 2023 | 422.15k | 0.55% |
| Unicorn Asset Management Ltd.as of 31 Mar 2024 | 353.32k | 0.46% |
