Fidelity International is offering UK investors a new Emerging Asia fund. Fund manager Teera Chanpongsang will invest the majority of the portfolio in China, India and ASEAN countries (ex Singapore) at launch. However, he will also have the capacity to invest up to 30 per cent of the portfolio in the frontier markets of Bangladesh, Pakistan, Sri Lanka, Vietnam and other newer emerging economies in the Asian region as opportunities arise. He will invest in these frontier markets either directly through local exchanges or through companies listed on the region’s more established markets such as Malaysia. Domiciled in Luxembourg, the fund will typically invest in 80-120 stocks from a universe of almost 1,000. Its benchmark is the Custom MSCI Emerging Asia Composite Index. The manager has the option to make use of the wider investment powers available under UCITS III.