Fidelity Asian Values PLC provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world's fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.
The trust favours smaller companies as this allows it to find mispriced businesses, the "winners of tomorrow", before they become well know.
With more than 17,000 listed companies in Asia - which is more than the rest of the world put together -, there is a huge opportunity for a fundamental research driven stock picker who can fully utilise Fidelity's extensive locally based analyst team.
Nitin Bajaj, the portfolio manager, has a straight forward approach. He aims to buys good businesses, run by good people and buy them at a good price. He ignores the macro-economic noise and concentrates on finding the right businesses to meet his quality and value criteria. In practice this is easier said than done as finding good businesses is not easy and it requires a great deal of patience to uncover a hidden gem no one else has found.
Nitin has a value-orientated stock-picking approach, based on fundamental research that is coupled with an absolute return perspective. Nitin seeks to identify investments he believes can earn a return of 50% over a three year period, while looking to avoid capital loses.
The portfolio is focused on smaller sized companies as this is where Nitin sees the greatest opportunity to find mispriced companies given that this section of the market tends to be less well researched and he thinks the "winners of tomorrow" are more likely to come from these companies.
By fully utilising Fidelity’s unrivalled locally based research resources in Asia Nitin is able to find these mispriced companies and to find them before others do.
Past performance is not a reliable indicator of future results. Fidelity does not give advice. If you’re unsure of the suitability of an investment for you, you should speak to a financial adviser.
The value of investments can go down as well as up so investors may get back less than they invest. Overseas investments are subject to currency fluctuations. This investment trust can gear through the use of bank loans or overdrafts and this can be achieved through the use of derivatives. Their use may lead to higher volatility in the Net Asset Value and Share Price. This investment trust may invest more heavily than others in smaller companies, which can carry a higher risk because their share prices may be more volatile than those of larger companies. This investment trust is also able to invest some or all of its assets in developing overseas markets which carry a higher risk than investing in larger established markets. Investments in emerging markets are likely to experience greater rises and falls in value and there may be trading difficulties.
Incorporated in England and Wales with company number 3183919.
Registered office: FIL Investments International, Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey KT20 6RP.
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