Fidelity Asia Active ETF (ASX:FASI): Where China, Hong Kong and India Lead the Asian Exposure

Sonal Goyal

20 October 2026 05:41 PM AEDT

Fidelity Asia Active ETF (ASX:FASI): Where China, Hong Kong and India Lead the Asian Exposure

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Key highlights

ASX:FASI is an actively managed ETF holding 34 companies in Asia, with a fund size of $29.92 million.
China (37.29%), Taiwan (15.12%), Hong Kong (16.15%) and India (14.91%) are the largest country exposures.
The top ten holdings make up 60.45% of the portfolio.

The Fidelity Asia Active ETF (ASX:FASI) offers exposure to companies located in Asia, as well as companies elsewhere that earn a significant proportion of their earnings from Asia. The fund is actively managed and relies on in-house, bottom-up company research.

About the Fund

FASI was admitted to the ASX on 31 May 2024 and is classified in the Equity Asia Pacific without Japan category. Its benchmark is the MSCI AC Asia ex Japan Net Return Index in US dollars. Fidelity says it believes markets are semi-efficient and that share prices do not always reflect inherent value, and the fund aims to identify opportunities it believes offer the greatest scope for outperformance. The head office is in Sydney.

Country exposure

The largest country allocation is China at 37.29%, followed by Hong Kong at 16.15%. The remaining exposure is spread across Taiwan (15.12%), India (14.91%), South Korea (9.55%), Singapore (4.96%) and Thailand (2.02%).

All holdings are companies with a market value above $1 billion, and stocks make up 96.20% of the portfolio with cash at 3.80%.

Portfolio holdings

The portfolio holds 34 companies, with top ten holdings making up 60.45% of the fund. The largest positions are Taiwan Semiconductor Manufacturing Co Ltd (12.04%), Tencent Holdings Ltd (7.62%), Techtronic Industries Co Ltd (7.21%), AIA Group Ltd (5.54%) and Cholamandalam Investment and Finance Co Ltd (5.19%).

Other top ten holdings include Advanced Micro-Fabrication Equipment, Samsung Electronics, Sea Ltd, SK hynix and Zijin Mining Group.

Understanding the exposure

The five largest positions add up to 37.60% of the fund, which shows how much of the exposure rests on a small number of names. The remaining 24 holdings share the other 39.55% of the portfolio, an average of about 1.65% each. Exposure is spread across 7 countries or regions, and the three largest allocations (China, Hong Kong and Taiwan) together account for 68.56% of the portfolio.

Fees, size and distributions

The fund has about $29.92 million in assets and a management fee of 1.15%. Its most recent distribution was a final distribution of $0.761 per unit, with an ex-date of 1 July 2026 and payment on 20 July 2026, and the reported annual yield is 7.26%.

Fund structure and reporting

FASI has an ISIN of AU0000333908 and a head office at Level 17, 60 Martin Place, Sydney. Recent ASX announcements from the fund include a monthly portfolio holdings report, a quarterly correlation report for the third quarter and the annual financial report for 30 June 2026, lodged on 18 September 2026.

Equity Asia Pacific without Japan funds invest in companies from the Asia Pacific region excluding Japan. Asia Pacific securities typically account for at least 75% of the portfolio, and the portfolio may include stocks from emerging markets in the region.

Units in FASI are quoted on the ASX and can be bought and sold through a broker during trading hours, in the same way as shares, so the exposure described above is available without buying each holding separately. The fund is actively managed, so its holdings and weightings are chosen by the manager rather than set by an index, and they can change over time.

FAQs

Q: What is the management fee?

A:1.15%.

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