We believe that if you want to take full advantage of the incredible growth of China’s middle classes and a seismic shift towards domestic consumption, you need real on-the-ground expertise.

Fidelity China Special Situations PLC, the UK’s largest China investment trust, looks to capitalise on an extensive, locally based analyst team to make site visits and attend company meetings. This helps us find the opportunities that make the most of the immense shifts in local consumer demand.

China’s growth story

Since its launch in 2010, the trust has offered direct exposure to China’s growth story; from tech giants right the way through to entrepreneurial medium and small-sized companies, and even new businesses which are yet to launch on the stock market. Portfolio manager Dale Nicholls looks to identify and invest in companies that are best placed to capitalise on China’s incredible transformation. Investing in China’s most compelling growth drivers Dale believes a vast and still expanding middle class is increasingly driving stock market returns in China.

" China is well established now as a major driver of growth and investment performance, not just in Asia, but in the wider world. The sheer size of China’s economy, its continued growth and ever-increasing global importance, should see investors increase their exposure to China as part of a balanced investment portfolio."

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This interview with Dale Nicholls is produced, recorded and distributed by Shares magazine which is published by AJ Bell Media, a part of AJ Bell.

Past performance
  Jan 2018 - Jan 2019 Jan 2019 -  Jan 2020 Jan 2020 -  Jan 2021 Jan 2021 -  Jan 2022 Jan 2022 -  Jan 2023
Net Asset Value -20.1% 9.0% 75.9% -26.2% -1.2%
Share Price -21.5% 13.2% 92.7% -27.4% -2.1%
MSCI China Index -13.4% 5.6% 40.2% -27.6% -2.0%
Past performance is not a reliable indicator of future returns.
Source: Morningstar as at 31.01.2023, bid-bid, net income reinvested.
©2023 Morningstar Inc. All rights reserved. The MSCI China Index is a comparative index of the investment trust.
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Important Information

The value of investments can go down as well as up and you may not get back the amount you invested. Overseas investments are subject to currency fluctuations. Investments in emerging markets can be more volatile than other more developed markets. The trust invests more heavily than others in smaller companies, which can carry a higher risk because their share prices may be more volatile than those of larger companies. The shares in the investment trust are listed on the London Stock Exchange and their price is affected by supply and demand. The Trust can use financial derivative instruments for investment purposes, which may expose it to a higher degree of risk and can cause investments to experience larger than average price fluctuations. The investment trust can gain additional exposure to the market, known as gearing, potentially increasing volatility. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.
 

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