# Fidelity Emerging Markets Limited Red Pref Shs GBP (FEML)

**Page:** https://fundology.uk/fund/feml · ISIN GG00B4L0PD47

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, FEML (Fidelity Emerging Markets Limited Red Pref Shs GBP, ISIN GG00B4L0PD47) closed at £12.06 on the London Stock Exchange. Over the five years to 13/11/2026 its price changed by +40.4% (income paid out is not included), or +9.6% after UK CPIH inflation.

## Summary

Fidelity Emerging Markets Limited Red Pref Shs GBP is an investment trust. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.

Latest close: **£12.06** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | FEML |
| ISIN | GG00B4L0PD47 |
| Category | Investment trusts |
| Type | Investment trust |
| Domicile | Guernsey |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +29.40% | +24.82% | price only |
| 3 years | +103.44% | +83.80% | price only |
| 5 years | +40.40% | +9.59% | price only |

Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Fidelity Emerging Markets Limited Red Pref Shs GBP in pounds (price only, income paid out not included): 2022 −26.7%, 2023 +2.3%, 2024 +14.1%, 2025 +54.2%; 2026 to 13/11/2026 +11.3%. Returns of Fidelity Emerging Markets Limited Red Pref Shs GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +52.1%; to 30/09/2025: +38.9%; to 30/09/2024: +16.9%; to 30/09/2023: +3.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -26.7% | -32.9% | Price |
| 2023 | +2.3% | -1.7% | Price |
| 2024 | +14.1% | +10.3% | Price |
| 2025 | +54.2% | +48.9% | Price |
| 2026 to 13/11/2026 | +11.3% | +7.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 27.99% | -21.89% |
| 3 years | 20.01% | -21.89% |
| 5 years | 19.96% | -34.81% |

## Largest fall

Volatility of Fidelity Emerging Markets Limited Red Pref Shs GBP in pounds, annualised from weekly returns to 13/11/2026: 28.0% over 1 year, 20.0% over 3 years, 20.0% over 5 years. Largest fall in the price of Fidelity Emerging Markets Limited Red Pref Shs GBP since November 2021, in pounds: −32.9% from 19/11/2021 to 28/10/2022. The lowest 12-month return of Fidelity Emerging Markets Limited Red Pref Shs GBP in pounds (price only, income paid out not included) since October 2021 was −32.3% (12 months to 14/10/2022); the highest was +103.0% (12 months to 17/04/2026). On 13/11/2026 the price of Fidelity Emerging Markets Limited Red Pref Shs GBP was 21.9% below its highest weekly close since November 2021 (26/06/2026), in pounds.

## Charges & eligibility

- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ISIN of FEML?**

The ISIN of FEML is GG00B4L0PD47. An ISIN identifies one exact share class of a fund; FEML is its ticker on the London Stock Exchange.

**What were FEML’s returns in each of the last five years?**

Calendar-year returns of FEML in pounds (price only, income paid out not included): 2022 −26.7%, 2023 +2.3%, 2024 +14.1%, 2025 +54.2%; 2026 to 13/11/2026 +11.3%. Past performance is not a guide to future returns.

**How has FEML done after inflation?**

Over the five years to 13/11/2026 FEML’s price changed by +40.4% (income paid out is not included), or +9.6% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.