Fidelity Asian Values PLC Edison review on Fidelity Asian Values (FAS)
21 Julio 2020 - 05:52AM
RNS Non-Regulatory
TIDMFAS
Fidelity Asian Values PLC
21 July 2020
London, UK, 21 July 2020
Edison issues review on Fidelity Asian Values (FAS)
Fidelity Asian Values (FAS) aims to achieve long-term capital
growth through investment principally in the stock markets of the
Asian region, excluding Japan. It seeks to outperform the MSCI AC
Asia ex-Japan Small Cap index mainly via stock selection. The
manager, Nitin Bajaj invests in good businesses, run by good
managers, trading at attractive valuations. He has a bias towards
small-cap value stocks, a sector he believes nurtures 'the winners
of tomorrow', before they become well known. Recent performance has
disappointed, but FAS has delivered outright gains and
outperformance versus its previous and new benchmarks over the long
term and pays the highest dividend in its AIC sector.
FAS's discount widened significantly during the recent market
downturn, reaching a decade-wide 15.7% on 25 March. However, the
board has since repurchased shares and they are currently trading
at an 8.9% discount to NAV. The discount has scope to narrow as and
when value stocks return to favour with investors.
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July 21, 2020 06:52 ET (10:52 GMT)
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