Fidelity China Special Situations reduces fees by 5bps

NAV up 2.6%

Fidelity China Special Situations will be reducing its fees from 1 July for the first £1.5bn of assets, the company said in its annual results for the year ended 31 March 2023.

It currently charges a management fee of 0.9%, which will be cut to 0.85% from next month. For net assets over £1.5bn, the fee will remain at 0.7%, it added, with the variable element of the fee of +/-20% also remaining unchanged. Deep Dive: European investors miss out on €200bn a year by not holding Asian stocks In its annual results today (8 June), the company posted a 2.6% rise to its net asset value and a share price return of 0.3%. By comparison, the trust's benchmark - the MSCI China index - returned 1.4% over the period, in UK sterling terms. This marked a significant imp...