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IN BRIEF: Fidelity Emerging Markets NAV down; outlook uncertain

7th Oct 2022 19:51

Fidelity Emerging Markets Ltd - long-term capital growth from exposure to emerging market companies - In the year ended June 30, swings to a pretax loss of USD501.5 million from a profit of USD493.3 million the previous year. Reports a net loss on investment of USD530.0 million, swinging from a gain of USD482.9 million the year prior. At June 30, net asset value per participating preference share is USD8.75, down from USD13.99 at the same time a year prior. Cites Russia's invasion of Ukraine as the most significant factor in the poor performance of emerging markets. Adds that the outlook for emerging markets remains uncertain.

Current stock price: 592.00 pence, down 1.2%

12-month change: down 31%

By Heather Rydings; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved

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