View more on these topics

Bolton extends tenure on Fidelity China spec sits by 12 months

Anthony Bolton
Anthony Bolton

The Fidelity China special situations investment trust has confirmed that manager Anthony Bolton will be extending his minimum management tenure by a further year.

Star manager Bolton will now remain at the helm of the investment trust until April 2014, a year later than his original minimum management tenure, which was due to expire in April 2013.

The news will give the firm an extra year to find a replacement for Bolton who returned to management with the launch of the investment trust in 2010.

Bolton has come under scrutiny recently over the performance of the investment trust, which has struggled during the past year, with its overweight exposure to healthcare cited as a detractor from performance in the investment trust’s latest factsheet.

The manager wrote at the end of February: “Although GDP growth estimates for 2012 are probably still too high, the backdrop for Chinese equities remains pretty favourable with falling inflation and with monetary policy likely to be loosened further in the coming months. Valuations also remain supportive.”


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