Fidelity Emerging Markets Limited meets five-year performance test
Fidelity Emerging Markets Limited announced it has exceeded the MSCI Emerging Markets Index return over a five-year period, avoiding a mandatory tender offer.
Fidelity Emerging Markets Limited announced on October 1, 2026, that the company has met its five-year performance-linked tender test established in 2021. The company's net asset value (NAV) total return surpassed the total return of the MSCI Emerging Markets Index over the five years ending September 30, 2026.
By exceeding the benchmark, the company avoids triggering a mandatory tender offer that would have been required had the performance target not been met. This mechanism was designed to align investor interests and ensure company value.
During the measurement period from October 1, 2021, to September 30, 2026, the company reported that its NAV total return outperformed the index. Specific figures for the returns were not disclosed in the announcement.
Fidelity Emerging Markets Limited invests in emerging markets. The Board of Directors expressed satisfaction with the outcome and confirmed the renewal of the tender mechanism. Details regarding the terms of the renewal were not provided.