Fund Perspectives

Fidelity Funds - China Consumer Fund

China's Consumer Sectors to benefit from the upcoming policy easing

January 2012
The China consumer sectors should outperform in 2012 as they are less impacted by external factors and should benefit from the upcoming policy easing. Prudent stock selection will remain key to alpha generation and the manager will focus on identifying oversold, turnaround and sustainable growth companies.


Fidelity Funds – Asian High Yield Fund

Asian High Yield in 2012: Greater depth offers more opportunities

December 2011
While the European situation will remain a key concern for markets in 2012, investors who have the risk appetite and are looking for attractive investments in this "two-speed" world may find Asian high yield an interest proposition.


Fidelity Funds – Asian High Yield Fund

Income accural buffers effect of volatility

September 2011
Bryan Collins, PM for the FF – Asian High Yield Fund explains why the asset class continues to be attractive for medium term investors.


Fidelity Funds – America Fund

Looking for value in a slow growth economy

August 2011
Adrian Brass, believes that despite the slow growth environment, there are US companies that continue to offer value and potential for growth. He also elaborates on how he has positioned the Fund in the recent months.


Fidelity Funds – China Consumer Fund

Consumer sectors set to drive returns from China

June 2011
Raymond Ma, portfolio manager of Fidelity Funds China Consumer Fund, expects inflation in China to peak in the second half of this year but believes a 'hard landing' scenario is unlikely to eventuate. Robust growth in household income should offset the negative impact of monetary tightening and continue to support resilient consumption in China. Raymond also outlines his expectations for the Fund and explains why he believes the valuation premium for many China consumer-related stocks is justified.


Fidelity Funds – Emerging Markets Fund

Strong growth potential for the long-term

June 2011
Nick Price, portfolio manager on the Fidelity Funds - Emerging Markets Fund, discusses his stock selection process, his approach to managing risk and his outlook for the emerging markets universe.


Fidelity Funds - China Focus Fund

China in inflationary environment

April 2011
In this investment perspective, Martha Wang discusses changes she has made to her portfolio in view of the government's tightening measures and the latest Five-Year Plan. She also talks about social housing, local government debt vehicles and what all of this means for China's future.


Fidelity Funds – China Consumer Fund

Chinese Consumer Revolution a unique opportunity

March 2011
The Chinese consumption story is a unique investment opportunity that could become the most important investment story of our time. Benefit from this opportunity through the Fidelity Funds - China Consumer Fund. Learn more about this opportunity and the fund manager, Raymond Ma, investment style in this piece.
Fidelity Funds – Global Real Asset Securities Fund

Investing in real assets as a way to protect against inflation

February 2011
In a time when inflationary pressures are threatening to increase, owning the securities of real assets, whose value and returns are directly linked to rising prices, is a strategy worth serious consideration. Amit Lodha, manager of the Fund gives his on the economic landscape and the investment opportunity that protect against inflation.



Fidelity Funds – China Consumer Fund

China's Consumer Sectors set to Outperform in Times of Volatility

September 2011
Raymond Ma, the portfolio manager of the Fund, opines that China's consumer sectors is less likely to be impacted by the global economic downturn given the lack of exposure to international markets. He believes that consumer stocks are set to outperform in the medium term on the back of solid consumption growth and potential margin expansion.
Fidelity Funds – Asean Fund

ASEAN Resilient growth ahead despite the global slowdown

June 2011
While the ASEAN economies are not immune to global headwinds, they are now in a much stronger position to weather a global economic slowdown than before. Gillian Kwek, manager for the Fund believes given favourable demographics, solid domestic demand and sound fiscal positions in the region, the growth story of ASEAN is secular. The recent market correction presents a good buying opportunity for investors seeking to capture the above average growth potential in the medium to long term


Fidelity Funds – America Fund

Conviction investing in US equities

June 2011
Over the last three years that Adrian Brass has managed this fund, it has outperformed its benchmark by 377 basis points, beating 91% of its competitors. Learn about Adrian's disciplined investment approach and his current themes.


Fidelity Funds – Asian Special Situations Fund

Generating alpha in a low-growth world

April 2011
Joseph Tse, manager of the Fund discusses how uncovering lesser known winners in Asia that are benefitting from rising consumerism or climbing up the value chain remains his key alpha generation strategy.


Fidelity Funds – Emerging Asia Fund

Is it time to buy Emerging Asia

February 2011
Emerging Asian equities had a strong run in 2010, but some investors fear this trend may not continue in 2011. There are concerns that rising inflation and monetary tightening might dampen economic growth. However, Teera Chanpongsang, who manages the Fidelity Funds Emerging Asia Fund strongly believes in the region's medium to long term growth story. He argues that short periods of volatility should be seen as an opportunity to invest in the region for its attractive long term structural growth prospects


Fidelity Funds – Global Real Asset Securities Fund

Investing in real assets as a way to protect against inflation

February 2011
In a time when inflationary pressures are threatening to increase, owning the securities of real assets, whose value and returns are directly linked to rising prices, is a strategy worth serious consideration. Amit Lodha, manager of the Fund gives his on the economic landscape and the investment opportunity that protect against inflation.





Investors investing in fund(s) denominated in non-local currency should be aware of exchange rate fluctuations that may cause a loss of principal when foreign currency is converted back to the investors' home currency. Exchange controls may be applicable from time to time to certain foreign currencies. All fund prices quoted are calculated as at the latest valuation date and are indicative only. Investment involves risks. Past performance is no guarantee of future returns. Investors should read the Prospectus for further details before investing.

2011 FIL Investment Management (Singapore) Limited