If you like China, why invest via FCSS?
23/03/2023 12:45
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230323:nRSW0504Ua&default-theme=true RNS Number : 0504U Fidelity China Special Situations 23 March 2023 Hardman & Co Research on Fidelity China Special Situations Plc (FCSS): If you like China, why invest via FCSS? Our recent notes explored why investor concerns over the whole Chinese market appeared overdone. With the recent rise in these markets, it appears that these disquiets have moderated. Accordingly, in this note, we consider why investors, having decided that they like China, would choose FCSS as their investment vehicle. We note that i) it has delivered superior returns, ii) Fidelity's processes and infrastructure are the drivers to this outperformance, iii) it is a large, liquid closed-ended vehicle, offering whole market exposure, iv) it has falling, variable and relatively low fees, and v) it has delivered rising dividends over a decade. We have increased our FY'23-24 NAV estimates by ca.20p to reflect the recent strong performance. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/if-you-like-china-why-invest-via-fcss/ (https://hardmanandco.com/research/corporate-research/if-you-like-china-why-invest-via-fcss/) If you are interested in meeting the company, you can register your interest here (https://hardmanandco.com/request-a-meeting/?company_id=6318) . To contact us: Contact: Hardman & Co Mark Thomas mt@hardmanandco.com (mailto:mt@hardmanandco.com) 1 Frederick's Place +44 (0)203 693 7075 London EC2R 8AE www.hardmanandco.com (https://hardmanandco.com/) Follow us on Twitter @HardmanandCo Hardman & Co Research can still be accessed for free after MiFID II. Please click here (https://hardmanandco.com/our-status-under-mifid-ii/) to read the statement. About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report. This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NRAEAADDADNDEFA