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PDD - Fidelity Emerging Markets Fund Q4 2024 Review
PDD Holdings Inc.
2025-03-10 01:29:00 ET
Summary
For the three months ending December 31, 2024, the fund's Retail Class shares returned -6.38%, outpacing the -8.01% result of the benchmark MSCI Emerging Markets Net MA (29-Jun-2018) Linked Index.
Emerging-market equities lost ground in Q4 while still managing to post a decent gain for the year.
Rather than rely on government stimulus, we try to own Chinese equities that we would want to hold, no matter where the companies were located.