Fidelity South East Asia - Bronze

FUND RESEARCH UPDATE: Fund rating downgraded to Bronze.

Ruli Viljoen 21 October, 2013 | 7:27AM
Facebook Twitter LinkedIn

We have recently met with Allan Liu and Teera Chanpongsang, managers of the Fidelity South East Asia and Fidelity Funds Emerging Asia funds respectively. Mr Chanpongsang will become manager of the UK-domiciled Fidelity South East Asia fund on 1st of January 2014, taking over from Allan Liu. While we are aware of the slight differences in their portfolio management styles and the impact this is likely to have on the UK-domiciled fund going forward, we have a positive view of Mr Chanpongsang and his investment approach on his Fidelity Funds Emerging Asia fund. We therefore believe a Morningstar OBSR Analyst Rating™ of Bronze is appropriate for the fund at this time. We expect the Fidelity South East Asia fund to retain its growth equity bias but we anticipate that Mr Chanpongsang will temper exposure to higher-valued growth equities due to his valuation-conscious approach, while also managing a more concentrated portfolio. The Luxembourg-domiciled Fidelity Funds South East Asia will continue to be managed by Allan Liu, whom we hold in high regard for and we are retaining the Morningstar OBSR Analyst Rating of Silver for this fund.

To see all the latest fund rating news click here.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity Asia A Acc1,577.01 GBP-0.25Rating

About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures