money-2724241

Fidelity Asian Values

LN: FAS

£317.6m market cap

438p 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) significantly outperformed its benchmark in the 2018 market sell-off, helped by its focus on capital preservation as well as growth. Manager Nitin Bajaj says that recent stock market volatility has enabled him to purchase market-leading businesses at very attractive prices, as valuation multiples have compressed while corporate earnings have remained robust. Bajaj notes that FAS’s portfolio is currently trading on a relatively low aggregate P/E multiple and is generating a relatively high return on equity. The trust has a long-term record of outperformance versus the MSCI AC Asia ex-Japan index. Its share price is ahead over one, three, five and 10 years, while its NAV has outperformed over one, five and 10 years.

Share price graph
Price performance
%
1m
3m
12m
Actual 3.3 (0.1) 8.7
Relative* (0.1) 0.8 9.1
52-week high/low 457.5p/356.0p
*% relative to local index
Key management
Kate Bolsover Chairman
Claire Dwyer Associate Director

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