To achieve returns in excess of the MSCI China Index NR over the medium to long term.
Invests into typically between 50 to 80 Chinese companies.
Uses a bottom-up stock selection process that focuses on quality business models and management teams out of favour due to short-term macro reasons.
Through a rigorous portfolio construction process, the best ideas likely to benefit from the country's growth dynamics will be selected for the portfolio.
See for yourself how the fund has performed since inception. The chart below represents the value now of $10,000 invested in the Fidelity China Fund in September 2005 compared with $10,000 invested in the MSCI China Index NR.
Chart as at: 29 February 2024
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI China Index NR. NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Net returns as at 29 February 2024
Timeframe | Fund | Benchmark | Active return |
---|---|---|---|
1 yr % | -13.67 | -11.06 | -2.61 |
3 yr % pa | -4.56 | -16.20 | 11.64 |
5 yr % pa | -2.08 | -4.38 | 2.30 |
7 yr % pa | 3.28 | 1.66 | 1.62 |
10 yr % pa | 6.98 | 4.24 | 2.74 |
15 yr % pa | 7.01 | 4.92 | 2.09 |
Since inception (29/09/05) % pa | 9.61 | 6.59 | 3.02 |
Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
Since inception (29/09/05) % pa |
---|---|---|---|---|---|---|---|
Fund | -13.67 | -4.56 | -2.08 | 3.28 | 6.98 | 7.01 | 9.61 |
Benchmark | -11.06 | -16.20 | -4.38 | 1.66 | 4.24 | 4.92 | 6.59 |
Active return | -2.61 | 11.64 | 2.30 | 1.62 | 2.74 | 2.09 | 3.02 |
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI China Index NR. NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Net as at 29 February 2024
Total return | Growth | Income | |
---|---|---|---|
1 yr % | -13.67 | -19.24 | 5.57 |
3 yr % pa | -4.56 | -11.85 | 7.29 |
5 yr % pa | -2.08 | -10.53 | 8.45 |
7 yr % pa | 3.28 | -5.82 | 9.1 |
10 yr % pa | 6.98 | -0.23 | 7.21 |
15 yr % pa | 7.01 | 1.82 | 5.19 |
Since inception (29/09/05) % pa | 9.61 | 3.97 | 5.64 |
1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
Since inception (29/09/05) % pa |
|
---|---|---|---|---|---|---|---|
Total return | -13.67 | -4.56 | -2.08 | 3.28 | 6.98 | 7.01 | 9.61 |
Growth | -19.24 | -11.85 | -10.53 | -5.82 | -0.23 | 1.82 | 3.97 |
Income | 5.57 | 7.29 | 8.45 | 9.1 | 7.21 | 5.19 | 5.64 |
Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component.
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI China Index NR. NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
As at 29 February 2024
As at 29 February 2024
% total net assets | |
---|---|
ALIBABA GROUP HOLDING LTD | 7.7% |
CHINA CONSTRUCTION BANK | 4.4% |
INDUSTRIAL & COML BK CHINA | 4.3% |
FOCUS MEDIA INFORMATION TECHNOLOGY CO LTD | 4.2% |
PROSUS NV | 3.8% |
TENCENT HLDGS LTD | 3.7% |
YIXINGTANG PHARMACEUTICAL CO LTD | 3.6% |
GALAXY ENT GROUP LTD | 3.5% |
CHINA MENGNIU DAIRY CO | 3.4% |
CHINA OILFIELD SVCS LTD | 3.3% |
As at 29 February 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
FOCUS MEDIA INFORMATION TECHNOLOGY CO LTD | 4.2 | 0.0 | 4.2 |
PROSUS NV | 3.8 | 0.0 | 3.8 |
YIXINGTANG PHARMACEUTICAL CO LTD | 3.6 | 0.0 | 3.6 |
GALAXY ENT GROUP LTD | 3.5 | 0.0 | 3.5 |
CHINA OILFIELD SVCS LTD | 3.3 | 0.1 | 3.2 |
As at 29 February 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
TENCENT HLDGS LTD | 3.7 | 13.0 | -9.3 |
PDD HOLDINGS INC | 0.0 | 4.1 | -4.1 |
NETEASE INC | 0.0 | 2.4 | -2.4 |
PING AN INS GROUP CO CHINA LTD | 0.0 | 1.9 | -1.9 |
BANK OF CHINA LTD | 0.0 | 1.8 | -1.8 |
Distribution | Distribution (CPU) | Reinvestment price |
---|---|---|
30-Jun-23 | 160.9338 | $23.3012 |
CPU = cents per unit. The above cash CPU excludes imputation credits and foreign income tax offsets which are non-cash components and are reported in the end of year tax statement. If the Distribution CPU column is 0.0000 it means that nothing was distributed.
This Fund is unhedged and is subject to the risk of fluctuations in international stock markets and currencies. Investors accessing the Fund through a master trust or wrap account will also bear any fees charged by the operator of such master trust or wrap account. Any apparent discrepancies in the numbers are due to rounding.
1Management Costs and buy/sell spread are current as at the date of publication of this website. These fees may be subject to change in the future.
2Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.
Actively managed, with the Portfolio Manager's more than 20 years' experience investing in China and rare access to local companies.
Access to China's growth story by investing in some of the best undiscovered opportunities.
A proven investment approach informed by 50 on-the-ground analysts in Asia with 17 dedicated to Chinese equities.
This Fund is unhedged and is subject to the risk of fluctuations in international stock markets and currencies. Investors accessing the Fund through a master trust or wrap account will also bear any fees charged by the operator of such master trust or wrap account. Any apparent discrepancies in the numbers are due to rounding.
1Management Costs and buy/sell spread are current as at the date of publication of this website. These fees may be subject to change in the future.
2Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.