- Business
- Fidelity Advisor Emerging Asia Fund Class C (FERCX) is an open-end mutual fund that seeks long-term capital appreciation by normally investing at least 80% of assets in securities of Asian emerging market issuers and other investments tied economically to Asian emerging markets, including countries such as Hong Kong, India, Indonesia, South Korea, Malaysia, the Philippines, the People's Republic of China, Singapore, Taiwan, and Thailand; it invests primarily in common stocks and, effective December 11, 2025, includes derivative instruments providing exposure to such investments or associated market risk factors. The fund allocates investments across different Asian emerging market countries, employing fundamental analysis of issuers' financial condition, industry position, and broader market and economic conditions to select securities, with top holdings typically including Taiwan Semiconductor Manufacturing Co Ltd, Sea Ltd, Tencent Holdings Ltd, Eternal Ltd (Zomato), and PDD Holdings Inc. It offers Class C shares with a net expense ratio of 1.96%, a 1.00% contingent deferred sales charge on redemptions within one year, and no minimum initial investment, targeting investors seeking exposure to the Pacific/Asia ex-Japan stock category through large-cap growth-oriented securities domiciled in the United States.
Launched on June 15, 1999, the fund is managed by Fidelity Management & Research Company LLC (FMR), with sub-advisory services from Fidelity Management & Research (Hong Kong) Limited and others, and operates from Fidelity's headquarters at 245 Summer Street, Boston, Massachusetts.
In recent developments, Di Chen joined as co-portfolio manager in 2025 alongside Xiaoting Zhao (portfolio manager since 2019), with Mr. Zhao scheduled to step down as co-manager effective December 31, 2025, leaving Ms. Chen as sole portfolio manager; the fund also expanded its principal investment policy effective December 11, 2025, to incorporate derivatives for exposure to Asian emerging markets consistent with overall limitations.