Fidelity Emerging Markets January Factsheet, Financial stocks gain

Fidelity Emerging Markets Limited (LON:FEML) has announced its monthly factsheet for January 2024.

Portfolio Manager Commentary

Emerging market equities delivered negative absolute returns and underperformed developed markets in January. Sentiment was driven primarily by the US Federal Reserve and China. Markets declined on indications that the US Fed may keep interest rates higher for longer, while easier monetary policies in China failed to support markets. All regions posted negative returns, led by emerging Asia, followed by Latin America and emerging Europe, the Middle East and Africa (EMEA).

The portfolio outperformed the index in a falling market over the month. Certain stocks held within the financial sector supported performance. The largest contributor within the sector was Russia’s TCS Group, a provider of online retail financial services, which was fully exited in January, as the managers took steps to reduce exposure when liquidity was offered up.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Fidelity International

More articles like this

Fidelity Emerging Markets

Emerging market assets set to thrive amid geopolitical tensions

Sovereign wealth funds and central banks managing $22 trillion in assets foresee a boost in emerging-market assets due to rising geopolitical tensions, according to an annual survey by Invesco Asset Management. Two-thirds of respondents expect emerging-market

Fidelity Emerging Markets

Emerging markets experience resilient capital inflows

The International Monetary Fund (IMF) reported that gross capital inflows into emerging markets, excluding China, rose to $110 billion last year, which is 0.6% of their economic output. This marks the highest level since 2018. These

Fidelity Emerging Markets

The future of investing lies in Emerging Markets stocks

Emerging markets stocks are increasingly becoming a compelling opportunity for investors seeking to diversify their portfolios and capture high growth potential. These markets, which include countries like China, India, Brazil, and South Africa, offer a unique

Fidelity Emerging Markets

Emerging market stocks offer promising growth opportunities

Emerging market stocks have become increasingly attractive to global investors, drawing attention for their robust growth potential and the opportunities they present in a dynamic economic landscape. As these markets continue to evolve, they offer unique

Fidelity Emerging Markets

Investors should consider hedging Emerging Market investments

According to Ben Slavin, global head of ETFs and managing director at BNY, investors might want to consider hedging their emerging market investments. While there have been significant inflows into Indian, European, and Japanese ETFs, Slavin

Fidelity Emerging Markets

Unlocking potential in Emerging Markets

Emerging markets are increasingly capturing the attention of investors and businesses worldwide, offering unparalleled opportunities for growth and development. These markets, characterised by rapid industrialisation and urbanisation, are home to a significant portion of the global

Fidelity Emerging Markets

Emerging Market investments opportunities

The past decade has posed significant challenges for investors who have placed their bets on the emerging markets (EM) growth narrative. Over this period, the MSCI Emerging Markets index has yielded only about a third of

Fidelity Emerging Markets

Finding long-term dividend stocks in Emerging Markets

Not all dividend-paying companies are equal, and investors face the challenge of identifying firms that can offer sustainable payouts over the long term. Emerging markets are increasingly seen as fertile ground for income and capital growth,

Fidelity Emerging Markets

Big-money investors shift focus to Emerging Markets

Wealthy investors are increasingly directing their funds towards emerging markets in a quest for higher returns, signalling a potential long-term change in their investment strategies, a seasoned Bank of America economist revealed to Reuters. Large global

Fidelity Emerging Markets

Leveraging Emerging Markets for global growth

In the next decade emerging markets will leverage increasingly healthy economic fundamentals and harness technological innovation to drive the next era of global growth. In this special publication to celebrate the 30-year anniversary of our emerging