Fidelity's EMEA fund to bring in natural resources profits.

Financial Adviser, August, 2007

A new emerging markets fund has been launched by Fidelity International under the guidance of nine-year Fidelity veteran, Nick Price. The investment universe is worth $1.5 trillion (AGBP733bn) and spans the region of emerging Europe, Middle East and Africa.

Mr Price, who has been manager of the group's internal EMEA investment pool since November 2005, will seek to profit from the knock-on effects of China and India's continued industrialisation, resulting in an anticipated increased demand for oil and commodities.

The EMEA region, which encompasses the Czech Republic, Egypt, Hungary, Israel, Jordan, Morocco, Poland, Russia and South Africa, is rich in natural resources.

The region has more than 80 per cent of the world's proven oil...

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