Fidelity Latin America Fund (FLATX)
Fidelity Latin America Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $16.64, up 1.16% on the session, giving a market capitalisation of $187.2M. On trailing twelve-month figures it carries a trailing P/E of 5.40, a net margin of 26.4%. Its beta of 0.96 implies it has historically moved less than the broad market.
This fund typically dedicates at least 80% of its capital to securities from Latin American issuers or to other investments with strong economic links to the region. Its primary focus is on common stocks, with holdings strategically diversified across various Latin American countries. The fund allows for a maximum allocation of 35% of its total assets to any particular industry, provided that sector represents over 20% of the overall Latin American market. Investment choices are made using a comprehensive fundamental analysis, evaluating factors such as the financial stability and industry position of each issuer, alongside broader market and economic conditions. This is a non-diversified fund.
Fidelity Latin America Fund is most often compared with the following Financial Services names: