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Annual Results Announced

Fidelity

Fidelity - Research team

The Company has announced Final Results for the year ended 31 March 2023.

Key Highlights:

  • The Board of Fidelity China Special Situations PLC (the “Company”) recommends an annual dividend of 6.25 pence per share, an increase of 13.6% from last year.
  • The first tier of the management fee will reduce from 0.90% of net assets to 0.85% of net assets from 1 July 2023.
  • The net asset value (“NAV”) total return of the Company increased by +2.6% for the year ended 31 March 2023, outperforming the Benchmark Index (MSCI China Index) which returned +1.4% (in UK sterling terms).
  • The ordinary share price total return was +0.3% over the reporting year.
  • The Portfolio Manager continues to find opportunities fuelled by growing domestic consumption in the region.

Results here