Fidelity Emerging Markets Discovery Fd (FEDDX)
Fidelity Emerging Markets Discovery Fd operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $23.62, up 0.17% on the session, giving a market capitalisation of $1.58B. Its beta of 0.92 implies it has historically moved less than the broad market.
This fund primarily allocates at least 80% of its assets to financial instruments issued by companies or entities operating in developing economies. These "emerging markets" are identified through several criteria: countries classified by MSCI as having developing stock markets, nations designated as low- or middle-income economies by the World Bank, or other regions displaying similar growth characteristics. Additionally, the fund may invest in other assets that are economically linked to these nascent markets. Its principal investment strategy typically concentrates on ordinary shares.
Fidelity Emerging Markets Discovery Fd is most often compared with the following Financial Services names: