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Fidelity China Special Situations

LN: FCSS

£1922.7m market cap

373p last close

Fidelity China Special Situations aims to achieve long-term capital growth from an actively managed portfolio comprised primarily of securities issued by companies listed in China, and Chinese companies listed elsewhere. It may also invest in listed companies with significant interests in China. Futures, options and CFDs are used to provide gearing, as well as to take short positions.

Investment summary

Fidelity China Special Situations (FCSS) aims to achieve long-term capital growth from an actively managed portfolio of stocks mainly listed in China and Chinese companies listed abroad. It is the largest UK investment trust focused on China. Manager Dale Nicholls believes that the COVID-19 crisis has accelerated several of the trends driving Chinese growth and he sees many investment opportunities, especially among under-researched, mis-priced small-cap stocks. Nicholls’s unconstrained approach allows him to invest in high-conviction ideas, principally in higher-growth consumer-led sectors, which will benefit from China’s strong growth prospects. The trust has delivered significant outperformance against its MSCI China benchmark since inception.

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Share price graph
Price performance
%
1m
3m
12m
Actual 14.8 20.9 80.2
Relative* 14.0 28.6 119.1
52-week high/low 376.0p/185.0p
*% relative to local index
Key management
Nicholas Bull Chairman
Mike Balfour Chairman of the Audit Committee

Content on Fidelity China Special Situations

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