Fidelity Asian Values


£329.3m market cap

456p last close

Fidelity Asian Values aims to generate long-term capital growth principally from the stock markets in the Asia Pacific ex-Japan region. It is benchmarked against the MSCI All Countries Asia ex-Japan index.

Investment summary

Fidelity Asian Values (FAS) significantly outperformed its benchmark in the 2018 market sell-off, helped by its focus on capital preservation as well as growth. Manager Nitin Bajaj says that recent stock market volatility has enabled him to purchase market-leading businesses at very attractive prices, as valuation multiples have compressed while corporate earnings have remained robust. Bajaj notes that FAS’s portfolio is currently trading on a relatively low aggregate P/E multiple and is generating a relatively high return on equity. The trust has a long-term record of outperformance versus the MSCI AC Asia ex-Japan index. Its share price is ahead over one, three, five and 10 years, while its NAV has outperformed over one, five and 10 years.

Share price graph
Price performance
Actual 4.4 3.9 11.0
Relative* 3.0 3.8 14.6
52-week high/low 457.0p/356.0p
*% relative to local index
Key management
Kate Bolsover Chairman
Claire Dwyer Associate Director

You may also be interested in…