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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.

China remains under-appreciated and under-valued

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


Dale Nicholls

Dale Nicholls

Portfolio Manager

Harnessing China’s long-term growth potential

Dale Nicholls dives into the shifts reshaping China’s equity landscape, revea…


Dale Nicholls

Dale Nicholls

Portfolio Manager

'Flying cars' promise a new era of transport. But will they take of…

A test flight in China offers portfolio manager Dale Nicholls and Fidelity an…


Dale Nicholls

Dale Nicholls

Portfolio Manager