| Asset Group | Asset Sub-Group | Investment Category |
| Equities | Asian equities | Core |
Why we recommend itThe fund is managed by Dhananjay Phadnis who has worked at Fidelity since 2004 and has managed this fund since 2013. Support is provided by an extensive 62-member Asia –Pacific ex-Japan analyst team. A formal sustainability mandate was adopted here in 2021, but this was largely a formalisation of the existing process. The manager favours quality firms run by strong management teams that can demonstrate consistent value creation. In addition to focusing on competitive advantages attention is also paid to valuations. The core of the portfolio will show quality growth characteristics but there will also be exposure to turnaround situations where a catalyst is evident. Sector and country weightings tend to stay well within 10 percentage points of the index. Overall, there is a slight bias to growth versus the MSCI AC Asia Ex Japan Index and sectors such as IT and financials tend to be favoured. Opinion Our positive view of the fund is based upon the experienced and savvy lead manager, the well-resourced analyst team, and a highly robust investment process. Sustainability criteriaMorningstar Sustainable Attribute: This fund is considered a sustainable investment product based on its prospectus or other regulatory filings. As a General ESG Investment, the fund uses environmental, social and governance (ESG) criteria as a central part of the security-selection and portfolio-construction process. These strategies endeavour to promote sustainability and minimise negative impact, without focusing on a specific theme or area of action. | ||
| Information and data compiled to March 2024. | ||
Risk warnings
The information we provide in the ACE 40 investments list does not constitute a "personal recommendation". You should ensure that any investment decisions you make are suitable for your personal circumstances and that the ethical style of the investment reflects your personal beliefs.
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