Cherry Reynard interviews Dale Nicholls of Fidelity China Special Situations.
Fidelity China Special Situations
This trust has returned 87 per cent over the past three years, yet is trading on a wide discount of 14 per cent.
Doubts over performance at Fidelity's flagship funds are growing, finds Heather Connon.
Anthony Bolton, manager of Fidelity China Special Situations, has admitted that his performance has been ‘disappointing’ as the net asset value (NAV) of the trust plummeted 28.9 per cent over the six months to the end of September.
Money will flow from the developed world into the emerging economies once the ‘dust has settled’ from the economic crisis, Fidelity’s Anthony Bolton has predicted.
Fidelity has launched its China Consumer Fund in the UK, following high investor demand for the offshore product.
One of the main challenges in investing in China is knowing who to trust, reveals Anthony Bolton.