World Library  
Flag as Inappropriate
Email this Article

Fidelity China Special Situations

Article Id: WHEBN0027765455
Reproduction Date:

Title: Fidelity China Special Situations  
Author: World Heritage Encyclopedia
Language: English
Subject: FTSE 250 Index, Anthony Bolton
Publisher: World Heritage Encyclopedia

Fidelity China Special Situations

Fidelity China Special Situations (LSE: FCSS) is a large British investment trust dedicated to long-term investments in Asia. Established in 2010, the company is a constituent of the FTSE 250 Index. The chairman is John Owen. The fund is managed by Dale Nicholls of Fidelity Worldwide Investment.

Launched with publicity over the stock-picking skills of Anthony Bolton, the launch, in April 2010, attracted £430 million in investment. A further £150 million followed with a second placing soon after. The fund attracted criticism due to its poor performance in 2011. Anthony Bolton was succeeded as Portfolio Manager by Dale Nicholls on 1 April 2014. Recently the trust fund has advanced its net asset value by 7.4%, due to the £26bn initial public offering of Alibaba Group. [1][2][3][4][5]

The firm reduced its annual management charge to 1.0% of net assets from 1 April 2014, at the same time as removing the commission paid to financial advisers.[6]

In addition, a performance fee is payable if the fund outperforms the MSCI China Index by more than 2%. The value of the fee is 15% of any outperformance, to a maximum of 1.0%.[7]


  1. ^ Investing. "Fidelity China NAV jumps 7% in a day after Alibaba windfall". Ivestment Week. Retrieved 2014-09-22. 
  2. ^ Investing. "Open Sesame! Alibaba boosts Fidelity China trust". CityWire. Retrieved 2014-09-22. 
  3. ^ Investing. "Anthony Bolton to stay on to try to recoup losses". Telegraph. Retrieved 2012-04-21. 
  4. ^ "Anthony Bolton apologises for China fund's poor performance". Telegraph. Retrieved 2012-04-21. 
  5. ^ "Dave Nicholls replaces Anthony Bolton as Portfolio Manager". Citywire. Retrieved 2013-12-19. 
  6. ^ "FE Investigate Fidelity China (FCSS)". Retrieved 2014-06-06. 
  7. ^ "summary". Retrieved 2014-03-09. 

External links

  • Official site
  • Fidelity China Special Situations
  • FCSS Fund Overview
  • FCSS Annual Report

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.