money-2724241

Fidelity Asian Values

LN: FAS

£249.3m market cap

337.5p last close

Fidelity Asian Values aims to generate long-term capital growth principally from the stock markets of the Asia Pacific ex-Japan region. From 1 February 2020, it is benchmarked against the MSCI All Countries Asia ex-Japan Small Cap index (previously the MSCI All Countries Asia ex-Japan index).

Investment summary

Fidelity Asian Values (FAS) aims to achieve long-term capital growth through investment principally in the stock markets of the Asian region, excluding Japan. It seeks to outperform the MSCI AC Asia ex-Japan Small Cap index mainly via stock selection. The manager, Nitin Bajaj invests in good businesses, run by good managers, trading at attractive valuations. He has a bias towards small-cap value stocks, a sector he believes nurtures ‘the winners of tomorrow’, before they become well known. Recent performance has disappointed, but FAS has delivered outright gains and outperformance versus its previous and new benchmarks over the long term and pays the highest dividend in its AIC sector.

Share price graph
Price performance
%
1m
3m
12m
Actual 0.8 8.9 (21.3)
Relative* 2.6 5.8 (8.0)
52-week high/low 442.5p/246.0p
*% relative to local index
Key management
Kate Bolsover Chairman
Claire Dwyer Associate Director

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