Fidelity China Special Situations manager Anthony Bolton reveals 14 of his favourite stocks as he bids to turn around performance after a year in which the trust's NAV fell by 18.5%.
REXLot (Market capitalisation: £460m) (Portfolio weighting: 3.1%) There is only one legalised form of gambling in China - the two state-owned lotteries, namely the Welfare Lottery and the Sports Lottery. These raise money by selling a range of products such as scratch cards, computer-generated tickets, bets on single-match sports games and on video lottery terminals. Interestingly the total size of the two lotteries in terms of take is about US$35bn, a bit larger than the size of the total take in Macau and this figure is growing at about 30% a year. Exciting new products are being...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
