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Fidelity Emerging Markets Limited reported a 74% return over the past year, outperforming the average global emerging markets investment trust, which saw a 34% return. The fund, managed by Chris Tennant and Nick Price, capitalizes on strong demand for metals like gold and copper and semiconductor demand from TSMC and Samsung.

Its portfolio includes significant positions in mining companies such as Compania de Minas Buenaventura and Grupo Mexico. The fund employs complex financial instruments, including contracts for difference, to enhance returns. The total annual charges are 0.83%, with a stock market ticker of FEML.