View more on these topics

Bolton China trust lags benchmark

Anthony Bolton’s Fidelity China special situations lagged its MSCI benchmark over its debut two months in net asset value terms, although its share
price outperformed.

From launch on 19 April to 30 June, the investment trust saw its NAV fall by 5.38 per cent against a 3.48 per cent drop in the index, while the share price declined by 1.25 per cent.

The trust has consistently traded at a premium to NAV since launch, rising from 5.41 per cent at the end of June to 7.1 per cent on 18 August.

Bolton currently has just over 15 per cent gearing, with his largest sector positions in financials – at almost a third of assets – 20.7 per cent in consumer discretionary and 11.5 per cent in telecom services.

His largest holdings at the end of June were China Mobile and the Industrial and Commercial Banks of China, both at 6.3 per cent.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm