Fidelity Emerging Markets Ltd - long-term capital growth from exposure to emerging market companies - In the year ended June 30, swings to a pretax loss of $501.5 million from a profit of $493.3 million the previous year. Reports a net loss on investment of $530.0 million, swinging from a gain of $482.9 million the year prior. At June 30, net asset value per participating preference share is $8.75, down from $13.99 at the same time a year prior. Cites Russia’s invasion of Ukraine as the most significant factor in the poor performance of emerging markets. Adds that the outlook for emerging markets remains uncertain.

Current stock price: 592.00 pence, down 1.2%

12-month change: down 31%

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