By ADRIAN LOWCOCK 05/03/2010
There’s no doubt that the return of Anthony Bolton to managing money is the most eagerly-awaited fund event of 2010.
When Bolton passed the baton of Special Situations to Sanjeev Shah at the end of 2007, we all
presumed that we had seen the end of one of the most remarkable fund management careers of the last century. Very rarely do we see the skill of a fund manager such as Bolton; during his tenure, Special Situations achieved annualised growth of 19.5%, turning a £1,000 investment into £147,000. Before his retirement, he had achieved a Bestinvest Manager Record Index rating of 99.9%, earned over 28 years of managing money.
It is, therefore, not surprising to see the huge amount of excitement that’s been generated by Bolton’s return. The fact that he has decided to return through a fund investing in China, a market that has driven a total stock market return of 171% over the last five years (source: MSCI China TR) and is already the 2nd largest economy in the world by GDP (source: IMF), has added to this sense of excitement.
Anyone investing should, however, be aware of the positives and negatives and ensure they are comfortable with the mechanics of an investment trust and the implications for your investment.
We have written a detailed report looking at all angles of this launch, weighing up the pros and cons. To get the full independent view, download our report on Fidelity China Special Situations.
If there is anything else you wish to discuss please call one of our Advisers on 020 7189 9999.