Emerging market investment trust FEML impressive 7.5% total share price return in H2 results

Fidelity Emerging Markets Limited (LON:FEML) has announced its Half Year Report for the six months ended 31 December 2023.

  • Fidelity Emerging Markets Limited reported a Net Asset Value (NAV) return of +3.2% and a Share Price Total Return of +7.5% in the six months ended 31 December 2023
  • The Company’s benchmark index, the MSCI Emerging Markets Index, rose +4.4% over the same timeframe
  • During the period, the Company’s short book added over 100bps to relative returns
  • The portfolio managers remain focused on looking for well capitalised businesses with under-levered balance sheets in the long book and making use of the Company’s flexible investment capabilities
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