Bolton's trust suffers 20% loss in last six months

Anthony Bolton, Fidelity's legendary investor, has seen the share price of his China Special Situations investment trust drop by a fifth in the last six months amid sharp falls in the region.

According to figures from Trustnet, the investment trust, which raised £460m when it listed in April 2010, has seen its share price tumble 21.9% in the last six months (to 15 June). Its NAV per share has also declined 13.8%, leaving the trust trading on a discount to NAV for the first time since last May, according to the FT. The fall comes as Chinese share prices decline on a number of leading exchanges. In the year to date, the Shanghai Composite index has fallen 5.12%, while the Hang Seng index in Hong Kong has dropped 4.7%. Trustnet's Country Specialist Asia Pacific index is...