Fidelity Emerging Markets Ltd Results Announcement 2023
13 October 2023
Fidelity Emerging Markets Ltd Annual Results for the year ended 30 June 2023
Highlights:
- The net asset value (“NAV”) of the Company returned -2.6% for the year ended 30 June 2023, outperforming the reference index (MSCI Emerging Markets Index) which returned -2.8% over the year.
- The Board announces a dividend of 0.19 cents per Participating Preference Share.
- The Portfolio managers’ outlook for the region is optimistic given attractive valuations and an increasingly positive fundamental backdrop for companies.
- Transition metals, nearshoring, and demographics provide tailwinds for the asset class.