Skip Header

Half-Yearly results for the six months ended 30 September 2025

China Special Situations

China Special Situations - Investment Trust Range

Key Highlights:

  • During the six months ended 30 September 2025, Fidelity China Special Situations PLC reported an ordinary share price total return of +28.7% and Net Asset Value (NAV) return of +29.7%.
  • The Benchmark Index, the MSCI China Index, produced a total return of +18.0% over the same timeframe.
  • Core holdings in the consumer and industrials sectors, many aligning with advanced manufacturing and innovation themes, were the main contributors to performance.
  • China remains a fertile ground for structural growth opportunities, particularly in sectors benefiting from rapid technological innovation, such as automation, electric vehicles, AI and advanced manufacturing.

A week in the life of Portfolio Manager Dale Nicholls

Dale Nicholls, Portfolio Manager of Fidelity China Special Situations PLC, of…


Dale Nicholls

Dale Nicholls

Portfolio Manager

Year of the Horse: Endurance and opportunity in China Equities

As we enter the Year of the Horse, Dale Nicholls assesses the risks and oppor…


Dale Nicholls

Dale Nicholls

Portfolio Manager

DeepSeek one year on: separating fundamentals from noise

One year on from the launch of DeepSeek, China’s renewed artificial intellige…


Dale Nicholls

Dale Nicholls

Portfolio Manager