Fidelity Emerging Markets Limited
FEML.L
London Stock Exchange1,530.00
GBp
+8.00
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Fidelity Emerging Markets Limited
FEML.L
(London Stock Exchange)
Recent
price
1,530.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Fidelity Emerging Markets Limited (FEML.L) is a Guernsey-domiciled closed-end investment trust that seeks long-term capital growth through an actively managed portfolio primarily comprising listed and unlisted securities, financial instruments, derivatives, money market instruments, cash deposits and other transferable securities providing exposure to emerging markets companies; at least 80% of the portfolio targets companies with head offices, listings, assets, operations, income or revenues predominantly in or derived from emerging markets across at least 15 countries and at least 75 holdings spanning small, medium, large and mega-cap opportunities in regions including Africa, South Asia, Latin America, Europe and Asia; the trust employs long positions in high-quality firms with strong cash generation, resilient balance sheets and shareholder-aligned governance alongside short positions to exploit vulnerable businesses, with derivatives used for efficient portfolio management, gearing, hedging and absolute return strategies. Founded in 1989 and listed on the London Stock Exchange, the company is managed by Fidelity International's portfolio managers Nick Price and Chris Tennant, leveraging global research teams for bottom-up stock selection focused on innovation in sectors such as technology, electrification, consumer trends, fintech and resources. In October 2021, Fidelity International assumed management from Genesis Investment Management, adopting an enhanced all-cap global emerging markets strategy with expanded investment powers and a reduced management fee from 0.90% to 0.60% of net asset value; recent developments include a conditional repurchase of Strathclyde Pension Fund's 25.7% stake pending shareholder approval at an extraordinary general meeting, targeting completion in early November 2025; a lifted final dividend of 26 US cents per share for fiscal 2025 versus 20 cents prior, supported by net asset value growth to $11.99 per share at June 30, 2025 and 11.8% NAV total return outperforming the MSCI Emerging Markets Index; and sustained double-digit returns amid volatility from US tariffs and geopolitical factors, with portfolio adjustments favouring mid-caps, shorts and intra-emerging market trade resilience.