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Is Fidelity Emerging Markets K (FKEMX) a Strong Mutual Fund Pick Right Now?
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If you have been looking for Mutual Fund Equity Report funds, a place to start could be Fidelity Emerging Markets K (FKEMX - Free Report) . FKEMX carries a Zacks Mutual Fund Rank of 2 (Buy), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
FKEMX is a part of the Fidelity family of funds, a company based out of Boston, MA. Fidelity Emerging Markets K made its debut in May of 2008, and since then, FKEMX has accumulated about $978.74 million in assets, per the most up-to-date date available. John Dance is the fund's current manager and has held that role since February of 2019.
Performance
Of course, investors look for strong performance in funds. This fund in particular has delivered a 5-year annualized total return of 2.95%, and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 9.44%, which places it in the middle third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of FKEMX over the past three years is 21.22% compared to the category average of 17.44%. The fund's standard deviation over the past 5 years is 20.01% compared to the category average of 17.47%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 0.78, the fund is likely to be less volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. FKEMX has generated a negative alpha over the past five years of -4.96, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, FKEMX is a no load fund. It has an expense ratio of 0.77% compared to the category average of 1.13%. Looking at the fund from a cost perspective, FKEMX is actually cheaper than its peers.
Investors need to be aware that with this product, the minimum initial investment is $0; each subsequent investment has no minimum amount.
Bottom Line
Overall, Fidelity Emerging Markets K ( FKEMX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, Fidelity Emerging Markets K ( FKEMX ) looks like a good potential choice for investors right now.
This could just be the start of your research on FKEMXin the Mutual Fund Equity Report category. Consider going to www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. For analysis of the rest of your portfolio, make sure to visit Zacks.com for our full suite of tools which will help you investigate all of your stocks and funds in one place.
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Is Fidelity Emerging Markets K (FKEMX) a Strong Mutual Fund Pick Right Now?
If you have been looking for Mutual Fund Equity Report funds, a place to start could be Fidelity Emerging Markets K (FKEMX - Free Report) . FKEMX carries a Zacks Mutual Fund Rank of 2 (Buy), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
FKEMX is a part of the Fidelity family of funds, a company based out of Boston, MA. Fidelity Emerging Markets K made its debut in May of 2008, and since then, FKEMX has accumulated about $978.74 million in assets, per the most up-to-date date available. John Dance is the fund's current manager and has held that role since February of 2019.
Performance
Of course, investors look for strong performance in funds. This fund in particular has delivered a 5-year annualized total return of 2.95%, and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 9.44%, which places it in the middle third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of FKEMX over the past three years is 21.22% compared to the category average of 17.44%. The fund's standard deviation over the past 5 years is 20.01% compared to the category average of 17.47%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 0.78, the fund is likely to be less volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. FKEMX has generated a negative alpha over the past five years of -4.96, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, FKEMX is a no load fund. It has an expense ratio of 0.77% compared to the category average of 1.13%. Looking at the fund from a cost perspective, FKEMX is actually cheaper than its peers.
Investors need to be aware that with this product, the minimum initial investment is $0; each subsequent investment has no minimum amount.
Bottom Line
Overall, Fidelity Emerging Markets K ( FKEMX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, Fidelity Emerging Markets K ( FKEMX ) looks like a good potential choice for investors right now.
This could just be the start of your research on FKEMXin the Mutual Fund Equity Report category. Consider going to www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. For analysis of the rest of your portfolio, make sure to visit Zacks.com for our full suite of tools which will help you investigate all of your stocks and funds in one place.