Fidelity Investments has introduced two new emerging markets funds, the Fidelity Total Emerging Markets Fund and the Fidelity Emerging Markets Discovery Fund. The first fund invests in equities and bonds, the second in small- and mid-cap stocks.
The Total Emerging Markets Fund will be lead managed by 12-year Fidelity veteran John H. Carlson. Ashish Swarap will managed the Emerging Markets Discovery Fund. Both managers will coordinate their work with on-the-ground Fidelity managers and analysts around the world.