This Asian fund is rated five stars by Morningstar. Its top five holdings are: Taiwan Semicon Man Twd10 (2330.TW; 8.12% of assets); AIA Group Ltd (AAIGF.HK, 5.13%); Naspers Ltd Class N NAPRF.JO, 3.64%); China Constr Bank CICHF, 3.46%) and Industrial & Commer IDCBF, 3.45%).
Fidelity China Region Fund (FHKCX)
from The Complete Investor
Fidelity China Region fund (FHKCX) offers an attractive way to invest in Asia. Rated 5 stars by Morningstar, its 4.5 percent total return for 2014 puts it in the top 26 percent of its category. It’s in the top 3 percent of its category for the past three-year stretch and top 4 percent over the past five-year period.
Its biggest allocation remains China, which as of the latest report has risen to 56 percent of total assets. That’s followed by 17 percent devoted to Taiwan, 16 percent to Hong Kong, and 8 percent to South Africa.
The Fidelity fund is well diversified among industries, while its expense ratio is lower than the category. Turnover of 87 percent is higher but still acceptable.
Fidelity China Region is a buy.
Stephen Leeb, PhD. and Genia Turanova, The Complete Investor, www.completeinvestor.com, 866-833-2070, February 2015