Key Highlights

  • The fund applies an active, bottom-up research approach to companies located in Asia and those earning significant income from the region.
  • China accounts for 37.29 percent of the portfolio, the largest country weight on the listing.
  • Technology makes up 35.60 percent of the fund, below the category average of 46.06 percent.
  • Fidelity reports management fees and costs of 1.15 percent and an annual Yield of 7.50 percent.

The Fidelity Asia Active ETF (ASX:FASI) is an actively managed fund that seeks long-term Capital growth through companies located in Asia, as well as companies elsewhere that earn a significant proportion of their Earnings from the region. On 3 November 2026 the units traded at $10.14, down about one cent from the previous close of $10.15, within a day range of $10.08 to $10.14. Fidelity lists the fund in the Equity Asia Pacific without Japan category, and it was admitted on 31 May 2024.

Fund detail

Information

Ticker

ASX:FASI

Benchmark

MSCI AC Asia Ex Japan NR USD

Category

Equity Asia Pacific w/o Japan

Admitted

31 May 2024

Management fees and costs

1.15%

Fund size

$28.98 Million

Units outstanding

2,855,084

Annual yield

7.50%

Last price (3 November 2026)

$10.14

Total fund holdings

34 companies

ISIN

AU0000333908

Investment approach

Fidelity describes its process as in-house, bottom-up company research, based on the view that markets are semi-efficient and that share prices do not always reflect inherent value. The fund aims to identify the opportunities that offer the greatest scope for outperformance.

The 34-company portfolio holds 96.20 percent in shares and 3.80 percent in cash, with no bond holdings. The listing shows all holdings above one billion dollars in market capitalisation, and the annual yield is 7.50 percent.

Sector and country mix

Technology makes up 35.60 percent of the portfolio, below the category average of 46.06 percent. Financial services account for 17.50 percent and consumer cyclical stocks for 16.78 percent, while basic materials stand at 10.04 percent against 3.62 percent for the category. The fund holds no energy or real estate positions.

China is the largest country exposure at 37.29 percent, followed by Hong Kong at 16.15 percent, Taiwan at 15.12 percent and India at 14.91 percent. South Korea accounts for 9.55 percent, below its 23.81 percent category weight, while Singapore and Thailand round out the holdings.

Largest positions and recent notices

Taiwan Semiconductor Manufacturing Co leads at 12.04 percent, followed by Tencent at 7.62 percent, Techtronic Industries at 7.21 percent and AIA Group at 5.54 percent. Cholamandalam Investment and Finance (5.19 percent), Advanced Micro-fabrication Equipment (5.11 percent) and Samsung Electronics (4.85 percent) follow. The ten largest holdings make up 60.45 percent of the fund.

On 3 November 2026 Fidelity published a monthly portfolio holding update covering 30 September 2026, and on 2 November 2026 it issued updated product disclosure and Target market documents.

Final Word

The fund's weightings lean toward China and Hong Kong, with technology sitting below its category share and a higher allocation to consumer and materials stocks. The 1.15 percent fee and the concentration in the top ten holdings are the figures readers can weigh against the stated objective, and the latest disclosure documents set out the full details of how the portfolio is managed.