Fidelity Advisor Focused Emerging Markets Fund (FIMKX) is an open-end mutual fund managed by Fidelity Investments that seeks capital appreciation by investing at least 80% of its assets in securities of issuers in emerging markets and other investments tied economically to emerging markets. The fund primarily invests in common stocks of 30 to 70 companies, with allocations across various emerging market countries including China, Taiwan, India, South Korea, Mexico, and Poland; key sectors include financials (approximately 24%), information technology (20%), communication services (13%), consumer discretionary (11%), and materials (10%). Top holdings as of recent data include Tencent Holdings Ltd (9.4%), Taiwan Semiconductor Manufacturing Co Ltd (8.6%), Samsung Electronics Co Ltd (5.4%), Wal-Mart de Mexico SAB de CV (3.5%), and Tata Consultancy Services Ltd (3.3%).
FIMKX, with total assets under management of approximately $8.9 billion and a net expense ratio of 0.93%, maintains a portfolio turnover rate of 46% and targets institutional investors with a minimum initial investment of $100,000. The fund operates within the diversified emerging markets category, focusing on large-blend growth stocks domiciled primarily in Asia and Latin America.
Launched with an inception date of March 29, 2004, FIMKX is part of Fidelity Investments' Advisor series of funds and is headquartered in Boston, Massachusetts, the global headquarters of Fidelity Investments, which was founded in 1946.
In a significant recent development, Fidelity announced that the Fidelity Advisor Focused Emerging Markets Fund will close to new investors effective March 31, 2025, as of close of business, to manage capacity and maintain performance amid strong inflows and assets reaching around $6-9 billion. No major acquisitions, mergers, or portfolio manager changes specific to FIMKX were reported in 2024 or 2025, though Fidelity Investments continued broader expansions in emerging markets strategies and related ETFs during this period. The fund remains open to existing shareholders and features ongoing distributions, with the most recent at $0.3690 per share.