Fidelity Asian Values

LN: FAS

£298.4m market cap

423p last close

Fidelity Asian Values aims to generate long-term capital growth principally from the stock markets in the Asia Pacific ex-Japan region. It is benchmarked against the MSCI All Countries Asia ex-Japan index.

Investment summary

Fidelity Asian Values (FAS) is managed by Nitin Bajaj, who aims to generate long-term capital growth by finding ‘good businesses’ run by ‘good management teams’ that are available at a ‘good price’. The manager also aims to protect capital in periods of stock market weakness. Portfolio positions are only initiated after thorough fundamental research, which enables the manager truly to understand the businesses in which he invests. Bajaj’s approach is unconstrained and FAS’s NAV has outperformed its benchmark MSCI AC Asia ex-Japan index over five and 10 years, while its share price has outperformed over one, three, five and 10 years. The trust’s annual distribution has grown in the last four consecutive financial years; its current dividend yield is 1.5%.

Share price graph
Price performance
%
1m
3m
12m
Actual 1.2 2.9 12.2
Relative* (2.0) 0.1 13.9
52-week high/low 425.0p/356.0p
*% relative to local index
Key management
Kate Bolsover Chairman
Claire Dwyer Associate Director

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