Fidelity Emerging Markets Limited (LON:FEML) lead portfolio manager, Nick Price, shares his latest investment views in response to the impact of Russia’s war with Ukraine. In this wide ranging interview, he discusses how market dynamics are evolving across the developing world and provides an insight into FEML’s current portfolio positioning.
Portfolio Manager Nick Price notes: “We have adjusted down the fair values of our Russian exposures in our portfolios given that there is no meaningful price discovery taking place in the Russian market. Commodities will continue to be subject to huge inflationary pressures, which supports our overweight positioning in metals, mining and energy. We see that the global squeeze on the consumer will translate to the emerging world. Given this, we have moved to reduce our consumer discretionary exposure to an underweight position.”
Fidelity Emerging Markets is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
