The fund, managed by Polly Kwan, provides a combination of income and long-term capital growth through an actively-managed portfolio of 60-80 companies in the Asia Pacific ex. Japan region.
It aims to generate a sustainable yield of 10 per cent above the MSCI Asia Pacific ex. Japan region.
Companies considered for the portfolio must have strong free cash-flow generation, scalable business proposition and high-quality management team. They will then be selected based on their ability to provide a stable dividend or their potential to increase future dividend.
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Polly Kwan, portfolio manager of the Fidelity Asian Dividend Fund, said: "The case for Asian equity income is clearly a compelling one. With the fund, I aim to benefit from the region's attractive selection of stable dividend paying multinational companies and stocks that have good dividend growth prospects.
"In constructing a portfolio with a combination of the two, I seek to deliver long-term total returns with less volatility than other strategies exposed to the Asian growth story."
The fund will sit in the IMA Asia Pacific ex. Japan sector and have a 1.5 per cent annual management charge for its A share class and 0.75 per cent for its W share class.

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