Category: General News

Key Highlights

  • FASI is an actively managed ETF from Fidelity investing in Asian companies, admitted to ASX trading on 31 May 2024 and benchmarked against the MSCI AC Asia ex Japan NR USD index.
  • The fund reported net Assets of $29.46 million, a management fee of 1.15 percent, and an annual distribution Yield of 6.99 percent based on its most recent final distribution of $0.761 per unit.
  • China represents the largest country exposure at 37.60 percent, followed by Taiwan at 16.35 percent and India at 14.68 percent, both diverging from the fund's broader category averages.

The Fidelity Asia Active ETF (ASX:FASI) is an actively managed exchange-traded fund that invests in companies located in Asia, as well as companies located elsewhere that derive a significant proportion of Earnings from the region. The fund follows Fidelity's bottom-up, fundamentals-driven research approach and was admitted to ASX trading on 31 May 2024. It sits within the Equity Asia Pacific without Japan category and is benchmarked against the MSCI AC Asia ex Japan NR USD index.

The fund reported net assets of $29.46 million and 2,705,084 units on issue, with a management fee of 1.15 percent per annum. Risk metrics show a Beta of 0.67 and a Standard Deviation of 16.58, both comparatively subdued figures within its category, suggesting a portfolio construction approach oriented toward lower Volatility relative to some regional peers.

Sector and Country Allocation

By sector, Technology represents the largest single weighting at 35.98 percent, though this sits below the category average of 45.05 percent. Financial Services at 17.73 percent and Consumer Cyclical at 16.58 percent are both above their respective category averages of 14.22 percent and 14.00 percent. Basic Materials exposure, at 8.74 percent, is notably higher than the category's 3.29 percent, while the fund reported no allocation to Energy or Real Estate.

Geographic exposure is led by China at 37.60 percent, above the category average of 32.05 percent, followed by Taiwan at 16.35 percent, which sits below the 23.87 percent category figure. Hong Kong exposure of 16.12 percent is substantially higher than the 5.13 percent category average, while India at 14.68 percent also exceeds the category's 6.10 percent. South Korea, at 8.54 percent, is markedly underweight relative to the 23.40 percent category average. The fund held 96.07 percent in equities and 3.93 percent in cash.

Holdings, Performance and Distributions

The portfolio's top ten holdings account for 60.79 percent of total assets across 35 companies, reflecting a comparatively concentrated structure. Taiwan Semiconductor Manufacturing is the largest position at 13.12 percent, followed by Techtronic Industries at 8.02 percent and Tencent Holdings at 7.97 percent. AIA Group, Cholamandalam Investment and Finance, Advanced Micro-fabrication Equipment, Samsung Electronics, Sea Ltd, SK hynix and Fuyao Glass Industry Group complete the remaining top ten names.

The fund declared a final distribution of $0.761 per unit, producing an annual distribution yield of 6.99 percent, with an ex-date of 1 July 2026 and payment date of 20 July 2026.