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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.

Why policy, innovation and structural trends are set to drive growt…

Fidelity China Special Situations PLC portfolio manager Dale Nicholls shares …


Dale Nicholls

Dale Nicholls

Portfolio Manager

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