"A bloody good result" - Reaction to £460m take-up of Bolton China trust

Investment advisers have hailed the announcement Anthony Bolton's Fidelity China Special Situations fund had raised £460m from its initial public offering as "a bloody good result".

Ben Yearsley, investment manager, Hargreaves Lansdown: "At £460m into the biggest investment trust launched in 20 years, it is a bloody good result however you look at it. Though it is difficult to compare with open-ended investments, it is likely to be consistent with other flows. He wouldn't have got this much from a unit trust launch, but obviously it's a one-time opportunity. "Emerging markets have been very popular for a good few years now and this is set to continue as clients still want them. I have a Russia fund which has doubled in a year, and a Brazil fund launched in May/Jun...