Anthony Srom, who currently runs the Fidelity Asian Aggressive fund, will be the lead manager.
The fund will employ a high conviction investment approach to capture what it says will be 25-35 of the ‘best investment ideas from across the Asia Pacific region’.
Fidelity says the concentrated nature of the portfolio will mean each stock can contribute meaningfully to performance. Around 90% of the portfolio will be invested at any one time.
“With an increasingly wealthier consumer base, large-scale infrastructure development and rising levels of intra-regional trade, the Asia Pacific region offers investors the opportunity for strong long-term growth,” Srom said.
“I have the flexibility to invest across the entire region – ranging from emerging Asia to more developed markets such as Singapore and Australia – in order to build a high conviction concentrated portfolio with each position making a meaningful difference to performance,” he added.
“This latest edition to the range provides UK investors access to an unconstrained high conviction option with flexibility to perform through the economic cycle,” said head of UK retail sales Ben Waterhouse.
