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Half-Yearly Results Announcement

Fidelity

Fidelity - Investment Team

Half-Yearly Results for the six months ended 31 December 2025

Key Highlights:

  • During the six-month period ended 31 December 2025, Fidelity Emerging Markets Limited outperformed the benchmark,
  • The share price total return was +38.9% while the Net Asset Value (NAV) return was +35.5%,
  • Over the same timeframe, the benchmark index, the MSCI Emerging Markets Index, returned +18.1%,
  • The company’s extensive ‘toolkit’ contributed positively to performance, with long and short positions adding to performance alongside smaller-cap holdings
  • Long positions in materials, commodities, and gold miners also added notable value

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