Fidelity Asian Values boosted by IT and utilities selections, May Factsheet

Fidelity Asian Values plc (LON:FAS) has announced its monthly summary for May 2024.

Portfolio Manager Commentary 

The Trust’s NAV rose 12.1% during the 12-month period ended 31 May 2024, underperforming its reference index which rose by 17.8%. The Trust’s share price rose 6.3% over the same period.   

Stock selection was the key contributor to the Trust’s relative performance. Our investment process leads us to take contrarian positions in undervalued businesses. We have been finding a lot of such opportunities in China, where heighted perception of risks has led to a sharp decline in stock prices. But despite attractive valuations China continues to underperform and drag down the Trust’s relative returns versus the index. On the other hand, selections within Indonesia and India also held back relative returns. From a sector perspective, selections within information technology and utilities added value.  

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Fidelity International

More articles like this

Fidelity Asian Values

Asian stocks rise amid US-China trade tensions

Asian stock markets climbed as investors assessed the latest developments in the US-China trade conflict and key earnings reports from Wall Street’s tech giants. The reopening of Chinese markets added another layer of anticipation for traders,

Fidelity Asian Values

Asian stocks show strength and growth

Explore the resilience and growth of Asian stock markets, from China’s market support to India’s IPO momentum and Taiwan’s market leadership.

Fidelity Asian Values

Asian markets rebound as investor sentiment improves

Asian equities gained momentum, taking cues from Wall Street’s positive performance. This came as US Treasuries paused a selloff that had driven 10-year yields up to 4.5%. Traders remain attentive to developments surrounding President-elect Donald Trump’s