Teera commands a strong background in research and fund management in the telecommunications sector. He has been the research team leader of the Asia Pacific ex-Japan telecommunications sector, and co-manager of the fund, since early 2000. He joined Fidelity in 1994 as a research analyst covering a wide spectrum of sectors including banks and telecommunications in South East Asia, and as the country specialist for Thailand. Since July 1998, Teera has managed Fidelity Funds Thailand Fund.
Fund objective
Objective: The fund aims to increase the value of your investment over a period of 5 years or more. Investment Policy: The fund will invest at least 70% in companies throughout Asia (excluding Japan). This region includes countries considered to be emerging markets as determined by the Investment Manager at its sole discretion. The companies will be either listed, incorporated, domiciled, or have significant business activities in the region. The remainder will be invested in companies outside of the region detailed above and in other investment types such as cash and derivatives. Emerging markets are countries progressing toward becoming advanced, usually shown by some development in financial markets, the existence of some form of stock exchange and a regulatory body. Investment Process: The fund is actively managed. The Investment Manager identifies suitable opportunities for the fund utilising in-house research and investment capabilities. The Investment Manager will, when selecting investments for the fund and for the purposes of monitoring risk, consider the MSCI All Country Asia ex Japan Index. The Investment Manager has a wide degree of freedom relative to the index and may take larger, or smaller, positions in companies, and/or may invest outside the index, to take advantage of investment opportunities. This means the fund’s investments and therefore performance may vary significantly from the index. Derivatives and Techniques: Derivatives are investments whose value is linked to another investment, or to the performance of a stock exchange or to some other variable factor, such as interest rates and used to reduce risk or transaction costs and/or to generate extra income or further increase the value of your investment. Additional information: Income earned by the fund is paid into the fund and reflected by an increase in the value of each share. Shares can usually be bought and sold each business day of the fund. The fund's performance can be compared to the MSCI All Country Asia ex- Japan (Net total return) Index.