RCS - Fidelity China Spec - Edison update on Fidelity China Special Situations
20/04/2016 12:50
RNS Number : 8055V Fidelity China Special Situations 20 April 2016 London, UK, 20 April 2016 Edison issues research update on Fidelity China Special Situations Fidelity China Special Situations (FCSS) is a specialist actively managed fund investing in Chinese equities. The manager focuses on sectors set to benefit from changing consumption trends and the rising middle class where long-term growth is expected to exceed GDP growth. Against a background of market decline and high volatility, FCSS has continued to outperform with NAV total returns ahead of the benchmark MSCI China Index as well as open and closed-ended peers over one, three and five years. The manager continues to find attractive investment opportunities and has recently increased gearing, reflecting a more positive outlook. Negative sentiment towards China has prevailed over FCSS's strong performance in recent years and the discount has widened to 17.9%. This compares to a 12.0% three-year average, suggesting scope for narrowing as market sentiment improves, supported by a share buyback programme, which restarted in mid-January 2016. Click here to view the full report. All reports published by Edison are available to download free of charge from its website. www.edisoninvestmentresearch.com About Edison:Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support their capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. Contact details:Learn more atwww.edisongroup.com and connect with Edison on:
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