Edison update on Fidelity China Special Situations

RNS Number : 0468V

Fidelity China Special Situations

04 August 2015

 

London, UK, 04 August 2015

Edison issues research update on Fidelity China Special Situations

Fidelity China Special Situations (FCSS) is a specialist actively managed fund focused on Chinese equities. Against the background of exceptional market volatility recently, FCSS has outperformed with NAV total returns ahead of the benchmark MSCI China index over one, three and five years, and it has substantially outperformed all closed- and open-ended peers over three years. The manager has maintained a consistent investment approach through recent market fluctuations focusing on consumption-led sectors where long-term growth is expected to exceed GDP growth.

FCSS's share price discount to NAV (including income) has followed a widening trend since June 2011. Negative market sentiment towards China has prevailed over FCSS's strong performance since 2013 and the discount currently stands at 17.6%, which compares to its one-year average of 12.5%, suggesting scope for it to narrow when market sentiment improves.

Click here to view the full report

All reports published by Edison are available to download free of charge from its website.

www.edisoninvestmentresearch.com

About Edison: Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support their capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584).

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

Contact details: Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn	www.linkedin.com/company/edison-investment-research
Twitter	www.twitter.com/Edison_Inv_Res
YouTube	www.youtube.com/edisonitv
London [phone] 280 High Holborn London, WC1V 7EE United Kingdom		New York [phone] 245 Park Avenue, 39th Floor New York, NY 10167 US	Sydney [phone] Level 25 Aurora Place 88 Philip Street Sydney NSW 2000 Australia	Frankfurt [phone] Schumannstrasse 34b 60325 Frankfurt Germany

 

END

 

 

NRAEAFPLEFASEFF