Fact sheet: Fidelity Asn Spec Sits

Fund information
Fund name
Fidelity Asian Special Situations A GBP
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Suranjan Mukherjeesince 01/07/2012
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of special situations and smaller growth companies in Asia excluding Japan. Special situations stocks generally have valuations which are attractive in relation to net assets or earnings potential with additional factors which may have a positive influence on their share price. The fund may invest its net assets directly in China A and B Shares. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Up to 25% can consist of investments other than special situations or smaller growth companies. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. The class may only be acquired by institutional investors. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI AC Asia ex Japan
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
43.3%
1 Year rank in sector
-
Sector
FO Equity - Asia Pacific ex Japan
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.95%
Fund size
£1,735m (£1,279m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
112
Top in this sector
Fund name1 Year
TT International Asia Pac Eq49.1%
Baring ASEAN Frontiers45%
Fidelity Asn Spec Sits43.3%
Veritas Asian42.6%
Matthews Asia Pacific Tiger42.3%
...more in FO Equity - Asia Pacific ex Japan

Performance snapshot

Holdings snapshot

  • China30%
    Korea16.5%
    India13.2%
    Hong Kong11.6%
    Taiwan11.6%
  • Financials27.2%
    Information Technology26.8%
    Consumer Goods14.1%
    Consumer Staples5.1%
    Telecommunications Utilities4.8%
  • Chinese Equities30%
    South Korean Equities16.5%
    Indian Equities13.2%
    Hong Kong Equities11.6%
    Taiwanese Equities11.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.7%25.4%25.6%43.3%46.7%82.1%
Sector1.8%11.6%12.7%15.3%11.7%39.9%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund31.8%0.5%13%5.4%12.4%
Sector12.7%-6.8%5.5%3.3%19.7%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
8.93
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.84
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.73
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
14.21
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
8.75
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.88
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.63
Price movement
52 week high3.3
52 week low2.26
Current bid price-
Current offer price-
Current mid price3.3
Region
1China30%
2Korea16.5%
3India13.2%
4Hong Kong11.6%
5Taiwan11.6%
6Indonesia3.7%
7Money Market3.6%
8Singapore3.6%
9Malaysia2.3%
Industry sector
1Financials27.2%
2Information Technology26.8%
3Consumer Goods14.1%
4Consumer Staples5.1%
5Telecommunications Utilities4.8%
6Industrials4.3%
7Materials4.1%
8Health Care4%
9Energy3.9%
Asset type
1Chinese Equities30%
2South Korean Equities16.5%
3Indian Equities13.2%
4Hong Kong Equities11.6%
5Taiwanese Equities11.6%
6Indonesian Equities3.7%
7Money Market3.6%
8Singapore Equities3.6%
9Malaysian Equities2.3%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING6%
2SAMSUNG ELECTRONICS CO5.28%
3TENCENT HLDGS LTD5.05%
4AIA GROUP LTD4.24%
5ALIBABA GROUP HLDG LTD3.44%
6CHINA MOBILE LTD2.76%
7HDFC BANK LTD2.07%
8HDFC BANK LTD2.07%
9UNITED OVERSEAS BANK2.03%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of special situations and smaller growth companies in Asia excluding Japan. Special situations stocks generally have valuations which are attractive in relation to net assets or earnings potential with additional factors which may have a positive influence on their share price. The fund may invest its net assets directly in China A and B Shares. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Up to 25% can consist of investments other than special situations or smaller growth companies. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. The class may only be acquired by institutional investors. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI AC Asia ex Japan
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Suranjan Mukherjee01/07/2012Suranjan Mukherjee joined Fidelity in 2004 as a research analyst based in London, initially covering Pan-European chemicals and large-cap utilities. In 2007, Suranjan was appointed sector leader of natural resources and utilities. From August 2007, he was appointed Director of Research for the Asia Pacific ex-Japan team of analysts moving to Fidelity's Singapore office. In March 2009 he was appointed portfolio manager, working with the Global Emerging Markets team and from March 2011 has been managing a broad-based Asian regional portfolio and the FAST Asia pilot fund since September 2011. Prior to joining Fidelity, Suranjan spent four years based in India working in equity investments and structured finance for Infrastructure Development Finance Corporation. He holds a Bachelor of Science in geophysics, a post graduate diploma in management and an MBA from INSEAD.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, CPF Ordinary, IA Recognised, Reporting Fund Status, SRS, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden, Taiwan - Province Of China, South Africa
Fidelity Asian Special Situations A Acc CZK
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price974.8
CurrencyCZK
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFT9K
Fidelity Asian Special Situations A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price31.46
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5Q5
Fidelity Asian Special Situations A Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price21.68
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF464
Fidelity Asian Special Situations A GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price3.303
CurrencyGBP
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeD992
Fidelity Asian Special Situations A Hedged Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)1.99%
Bid price-
Offer price-
Mid price12.53
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF64F
Fidelity Asian Special Situations A Inc SGD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price55.7928
CurrencySGD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA9J1
Fidelity Asian Special Situations A USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price41.13
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFE47
Fidelity Asian Special Situations D Acc EUR
Initial charge4%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8JM
Fidelity Asian Special Situations E Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.69%
Total expense ratio (TER)2.69%
Bid price-
Offer price-
Mid price15.63
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code137E
Fidelity Asian Special Situations I Acc EUR
Initial charge-
Annual charge0.8%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.68
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE64Y
Fidelity Asian Special Situations SR Acc SGD
Initial charge5.25%
Annual charge1.3%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.663
CurrencySGD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFUGC
Fidelity Asian Special Situations W Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.231
CurrencyGBP
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFUWG
Fidelity Asian Special Situations Y Acc USD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price17.74
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFJ1
Fidelity Asian Special Situations Y USD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.12
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFCGX
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