Bolton's successor: How I will make my mark on China Special Situations

Anthony Bolton's successor Dale Nicholls has revealed how he plans to make his own impression on the Fidelity China Special Situations investment trust when he takes over on 1 April next year.

Nicholls (pictured), currently lead manager on the group’s offshore $1.4bn Pacific fund, said he may scale back some of the financials positions in the fund in exchange for more exposure to industrials he favours in the region when he takes over from Bolton. “It is too early to say, but I do like some of the industrials in the country, so I would like to take a closer look at those,” he said, speaking at a conference in Hong Kong. “Anthony may not hold as high a weighting in some of the industrials I like, and I also do not own any Chinese banks in my fund as there remains the non-per...