Management
| ISIN | LU0862795175 |
|---|---|
| Share Class | Accumulation |
| Ongoing Charge | 1.93% |
| Annual Management Charge | 1.5% |
| Manager Company | Fidelity International |
|---|---|
| Fund Type | SICAV |
| Benchmark | Asia ex-Japan Equity |
| Domicile | LUX |
| For Sale in | Austria, Belgium, Switzerland, Czechia, Germany, Denmark, Spain, Finland, France, United Kingdom, Hungary, Ireland, Iceland, Italy, Jersey, Liechtenstein, Luxembourg, Netherlands, Norway, Poland, Portugal, Singapore, Slovakia, Sweden |
| Name | Anthony Srom |
|---|---|
| Since | 01 July 2021 |
| Bio | Anthony Srom is a Portfolio Manager of Fidelity’s Concentrated Asia Equity strategies. He joined in 2006 as one of a handful of investment professionals in Fidelity’s newly established Singapore office. Anthony began his Fidelity career as an Investment Analyst and undertook various sector rotations in line with our proven career path. As an analyst he covered a broad range of Association of Southeast Asian Nations (ASEAN) sectors between 2006-2008, followed by the Asia Pacific ex Japan metals and mining sector from 2008-2014. In 2008, Anthony was appointed Portfolio Manager for FF Thailand Fund, which he ran until March 2012. After a successful spell as portfolio manager, Anthony was assigned an internally funded Asia Pacific ex-Japan Pilot Fund in March 2012 and joined Fidelity’s Portfolio Management Academy, our internal program to groom future portfolio managers on portfolio construction and risk management skills. Anthony was appointed as Portfolio Manager of FF Asia Pacific Opportunities Fund (a SICAV vehicle), FK Asia Fund (a Korean-domiciled vehicle) and Fidelity Asia Fund (an Australian domiciled vehicle) in June 2014. He also became Portfolio Manager of Fidelity Asia Pacific Opportunities Fund (an Open-Ended Investment Companies (OEIC) vehicle) at its September 2014 launch. In July 2021, he became Portfolio Manager of FAST Asia Fund, a 130/30 long-short strategy. Prior to Fidelity, Anthony worked as a sell side analyst at ABN Amro, Goldman Sachs and Deutsche Bank in Australia between 1997-2006. He holds a Bachelor of Commerce from Bond University, Queensland, Australia. He is also a CFA charterholder. |
Objective: The fund aims to achieve capital growth over the long term. Investment Policy: The fund invests at least 70% of its assets in equities of companies that are listed, headquartered, or do most of their business in the Asia region (excluding Japan) including emerging markets. The fund may invest in the following assets according to the percentages indicated: China A and B shares (directly and/or indirectly): less than 50% (in aggregate) SPACs: less than 5% Money market instruments: up to 20%. The Investment Manager may concentrate its investments in a limited number of companies, resulting in portfolio concentration. Investment Process: In actively managing the fund, the Investment Manager considers growth and valuation metrics, company financials, return on capital, cash flows and other measures, as well as company management, industry economic conditions, and other factors. The Investment Manager takes into account Sustainability Risks in its investment process. For more information, see “Sustainable Investing and ESG Integration”. Derivatives and Techniques: The fund may use derivatives for hedging, efficient portfolio management and investment purposes. The fund uses derivatives, including complex derivative instruments or strategies, to meet the investment objectives of the fund which may result in leverage. The fund may maintain long and short exposure to securities through derivatives. In addition to core derivatives (see “How the Funds Use Instruments and Techniques”), the fund intends to use TRS. Base Currency: USD Benchmark: MSCI AC Asia ex Japan Index. Used for: risk monitoring, investment selection, performance comparison, and performance fee calculation. The fund invests in securities of the benchmark, however, management of the fund is discretionary, therefore the fund may invest in securities not included in the benchmark, and its performance over any period may or may not deviate significantly from that of the benchmark. Risk Management Method: Relative VaR (limited to 200% of the VaR of the benchmark). Expected leverage: 220% (may be higher or lower but not expected to exceed 250%). Distribution: As this is a non-distributing share class, dividends are re-invested.