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FIDELITY FUNDS CHINA FOCUS A USD - Fund overview

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Overview of FIDELITY FUNDS CHINA FOCUS A USD

The Fund’s objective is to achieve long term capital growth through investment in Chinese securities listed in China and Hong Kong, as well as securities in non-Chinese companies that derive a significant portion of earnings from China. The fund utilises a bottom up stock selection process, taking account of market trends but not being driven by them. The fund is not restricted to holding benchmark securities and invests in companies of all sizes.

Standard Initial Charge

5.25% 1.25%

Fund summary

Sector  –
Product type  OFFSHORE FUND
Launched  August, 2003
Size  £2,140m
Yield 0.4%
Charging basis  Income
Dividends paid  Acc. units only
Bid price 2,352.23p

Fund Charges

Standard Initial charge 5.25%
Initial charge via Bestinvest 1.25%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Total expense ratio 1.95%
Reduction in yield (10yr) 2.07%

Bestinvest says


No information available.

Portfolio

fidelity funds china focus a usd asset allocation illustration
Allocation Proportion
Equity 96%
High yield bonds
Quality bonds
Property
Commodities
Hedge
Fund cash 4%
fidelity funds china focus a usd equity geographic illustration
Allocation Proportion
UK
Europe
Nth America
Japan
Pacific 100%
Other Equity 0%
fidelity funds china focus a usd equity capitalisation illustration
Allocation Proportion
Large Caps 83%
Mid Caps 15%
Small Caps 2%

Investment process


The investment process aims to identify stocks that can offer growth at a reasonable value through bottom up stock selection, taking account of market trends but not being driven by them. The fund manager looks for industry leaders with high entry barriers and low production costs and favours companies whose management has a flexible strategy, as she believes this is an essential requirement for capturing market share and driving earnings growth in China’s changing environment. Ideas are generated by Fidelity’s internal analysts and external research as well as the fund manager who makes frequent company visits and evaluate company specific risk. The fund is unconstrained although benchmark aware and will invest across the market cap.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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