Fidelity Advisor Emerging Asia Fund - Class M (FEATX) is an open-end mutual fund that normally invests at least 80% of its assets in securities of issuers in Asian emerging markets and other investments tied economically to those markets; it primarily focuses on common stocks selected through fundamental analysis of issuers' financial condition, industry position, market, and economic conditions. The fund targets large-cap growth stocks across sectors including consumer cyclical (27.58%), technology (25.88%), financial services (12.80%), industrials (11.64%), and healthcare (10.06%); top holdings as of recent data include Taiwan Semiconductor Manufacturing Co Ltd (9.98%), Sea Ltd (6.11%), Tencent Holdings Ltd (5.84%), Eternal Ltd (5.01%), and PDD Holdings Inc (4.01%), representing approximately 30.95% of the portfolio, with total holdings around 141 and asset allocation predominantly in non-US stocks (98.11%). Geographic exposure emphasizes emerging Asia (65.79%) and developed Asia (29.63%), with minor allocations to regions such as the Eurozone, Japan, and Africa; the fund is domiciled in the United States, managed by Xiaoting Zhao since June 2019, and features a net expense ratio of 1.47%, a front-end load of 3.50%, and total net assets of approximately $454 million.
Launched on June 15, 1999, the fund is part of Fidelity's Advisor series offered through Fidelity Distributors Company LLC, with operational headquarters in Smithfield, Rhode Island.
In recent developments, Di Chen joined as co-portfolio manager effective July 31, 2025, complementing lead manager Xiaoting Zhao; portfolio adjustments in 2025 included adding positions in high-conviction names like Eternal (formerly Zomato) in quick commerce and Axis Bank amid reduced underweight in India, alongside emphasis on semiconductors and AI-related infrastructure amid market volatility.