HEAD-TO-HEAD: Fidelity vs M&G

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Tsymbaluk highlighted the differences in both funds’ teams, with the Fidelity fund having a far larger team than the M&G fund.

The Fidelity fund’s lead manager, Nick Price, has been managing the fund since 2009 and is also responsible for other global emerging market equity products. He first joined the firm in 1998 as a pan-European analyst.

He is supported by three portfolio managers responsible for providing him with their stock ideas in their own regions of coverage. They are Amit Goel, who covers Asia, Angel Ortiz for Latin America and Greg Konstantinidis for Europe, Middle East and Africa.

The managers are also supported by a large team of around 40 analysts, who are based in different parts of the world, Tsymbaluk added.

The M&G fund manager, Matthew Vaight, has been the lead manager since 2012. He co-managed the fund alongside Michael Godfray since the fund’s launch in 2009, until Godfray left the firm in 2012.

Vaight is supported by five analysts, who are all based in London.

Tsymbaluk believes that the managers of both funds are experienced and she has no concerns over the differences in sizes of their teams.

Although the Fidelity fund has a larger team, she said that the analysts are also supporting other fund managers managing different strategies. “They have an EMEA fund, they have Latin America and a number of Asia funds, so they support more strategies there.”

In M&G’s case, the small team is dedicated to the emerging markets fund, as well as an Asia-focused fund, which follows the same investment process.

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