Fidelity Asian Values Plc: China, India and Energy selections aide performance

Fidelity Asian Values plc (LON:FAS) has announced its monthly summary for October 2023.

Portfolio Manager Commentary

The Trust’s NAV rose 13.7% during the 12-month period ended 31 October 2023, outperforming its reference index which rose by 13.1%. The Trust’s share price rose 13.7% over the same period. Stock selection was the key contributor to the Trust’s relative performance, particularly in China and India. Furthermore, underweight in Thailand also contributed to the relative performance. Meanwhile, an overweight in Indonesia held back relative returns. From a sector perspective, selections within energy
and utilities added value. The Trust is managed with an absolute return focus, completely agnostic of the index, with a bias towards high quality and value stocks.

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 equities edge higher

As markets brace for President Trump’s tariff announcement, Asian equities rise cautiously while gold gains momentum.

Fidelity Asian Values

China’s consumption boost lifts Asian markets

Asian stocks climbed as fresh data revealed a stronger-than-expected rise in Chinese consumption at the start of the year, offering a boost to investor confidence. Meanwhile, US equity futures dipped after Treasury Secretary Scott Bessent downplayed

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.