Last month it emerged that Bolton is considering placing a cap on the forthcoming fund, which is expected to launch in March.
Bolton says he is now weighing up the pros and cons of a closed-ended structure versus an open-ended Ucits III fund.
A closed-ended fund would provide the benefit of capping the fund’s assets and offer Bolton the ability to gear the portfolio. However he said a Ucits III structure has the benefit of greater investor appeal outside just Britain.
Bolton says: “I want a limited amount of money that I can control.”
Fidelity is expected to reach a decision on the structure next month. Meanwhile Bolton said that while two years is the minimum he will commit to running the fund, he may stay on as manager for as long as five years.
Bolton has also told prospective investors that the China fund will be more volatile than his former UK Special Situations fund.