Fidelity Emerging Asia Fund (FSEAX)

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Fidelity Emerging Asia Fund (FSEAX), top international stock mutual fund. This Fidelity mutual fund invests mainly in emerging markets countries located in Asia.

Top Fidelity Mutual Fund

The Fidelity Emerging Asia Fund objective is to provide capital appreciation. The mutual fund utilizes its assets to purchase securities of Asian emerging market issuers and related companies. It typically invests mainly in common stocks. This equity fund allocates investments across different Asian countries with emerging markets.

Fidelity Emerging Asia Fund Profile

    Fidelity Emerging Asia Fund (FSEAX)
  • Fund Inception Date: April 18, 1993
  • Ticker Symbol: FSEAX
  • CUSIP: 315910851
  • Beta (3yr): 0.92
  • Rank in category (YTD): 56%
  • Category: Pacific/ Asia ex-Japan Stock
  • Distribution: 1.60%
  • Capital Gains: 0%
  • Expense Ratio: 0.91%
  • Net Assets: $ 1.1 billion
  • Number of Years Up: 11 years
  • Number of Years Down: 8 years
  • Annual Turnover Rate: 94%
Updated on August 30, 2013

Colin Chickles is the current fund manager since 2009. The Fidelity fund was first introduced to public in April 1993. It has total assets of $1.1 billion. The annual expense ratio is only 0.91%. The average fee ratio in the category is 1.75%. It also has a dividend yield of 1.70%.

This international stock fund has its best 1-year total return in 1999 with 91.53%. The worst 1 year return was occurred in 2008 with -51.89%. It also has 3-stars rating from Morningstar. The fund’s investment style is Large Blend. Based on the load adjusted returns, the performance of the fund is as below:
  • 1-year: 8.10%
  • 3-year: 6.86%
  • 5-year: 0.50%
  • 10-year: 13.15%

Pacific/ Asia ex-Japan Stock Mutual Fund

Top Mutual FundYou can buy this Fidelity Emerging Asia Fund for your brokerage account with $2,500 initial investment. There is no minimum subsequent investment. While for retirement (IRA) account, the minimum initial investment is only $500. This equity mutual fund can be purchased from 77 brokerages, such as E Trade Financial, JP Morgan, Vanguard, Schwab Retail, Merrill Lynch, Scottrade Load, etc. This is a no-load fund, it means there is no management fee or front-end sales load fee.

As of the second quarter of 2013, the top 10 stock in its portfolio represent 25.82% of the total portfolio. The top equities are Samsung Electronics Co Ltd, Taiwan Semiconductor Manufacturing Co Ltd, China Mobile Limited, AIA Group Ltd, Tencent Holdings Limited, China Construction bank Corp, Hyundai Motor Co, Industrial & COM Bank of China, Petrochina Co Ltd and United Overseas Bank. The top 2 sectors are Financials (35.00%) and Information Technology (17.35%).

The principal investment risks for investing in this Fidelity fund include stock market volatility, foreign and emerging market risk, geographic concentration in Asia and issuer-specific changes.

Disclosure: No Position

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