Fidelity Global Emerging Markets Fund

Fidelity has launched a new active exchange traded fund - the Fidelity Global Emerging Markets Fund (FEMX) - which invests in a concentrated portfolio of between 30 to 50 companies in emerging markets.

Stocks are selected through a bottom-up selection process that focuses on companies that Fidelity believes are well positioned to generate returns through market cycles and have demonstrated a track record of strong corporate governance.

The fund has a management fee of 0.99% per annum and tracks the MSCI Emerging Markets Index (including reinvestment of net dividends).