Investment Trusts

Fidelity China Special Situations PLC

FCSS:LSE

Fidelity China Special Situations PLC

  • Price (GBX)240.50
  • Today's Change5.50 / 2.34%
  • Shares traded1.64m
  • 1 Year change16.75%
  • Beta0.3721
Data delayed at least 20 minutes, as of Oct 04 2024 17:06 BST.
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Profile data is unavailable for this security.

About the company

Fidelity China Special Situations PLC is a United Kingdom-based investment company. The investment objective of the Company is to achieve long-term capital growth from an actively managed portfolio made up primarily of securities issued by companies in China, both listed and unlisted, as well as Chinese companies listed elsewhere. The Company may also invest in companies with significant interests in China. It also invests into other transferable securities, collective investment schemes, money market instruments, cash and deposits and is also able to use derivatives and bank borrowing for gearing purposes and efficient portfolio management. FIL Investment Services (UK) Limited (FISL) is the Company’s alternative investment fund manager and FIL Investment Management (Hong Kong) Limited is its investment manager. Its portfolio of investment is spread across various sectors, which include consumer discretionary, communication services, financials, industrials and healthcare, others.

  • Revenue in GBP (TTM)-173.20m
  • Net income in GBP-213.46m
  • Incorporated2010
  • Employees0.00
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Profile

Management group(s)FIL Investment Management (HK) Ltd
AIC sectorChina / Greater China
ISINGB00B62Z3C74
Launch date19 Apr 2010
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The investment objective of the Company is to achieve long-term capital growth from an actively managed portfolio made up primarily of securities issued by companies listed in China and Chinese companies listed elsewhere. The Company may also invest in listed companies with significant interests in China.

Managed by

Dale Nicholls

Management & contract fees

The Board agreed a revised fee with the Manager, FIL Investment Services (UK) Limited, with effect from 1 July 2023. The revised fee will be 0.85% (reduced from 0.90%) on the first £1.5 billion of net assets. It will remain at 0.65% on net assets over £1.5 billion. The variable element of the fee of +/-0.20% remains unchanged

Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status		FCSS:LSE since
announced		Transaction
value
Abrdn China Investment Co LtdAnnounced28 Nov 202328 Nov 2023Announced13.44%--
Data delayed at least 20 minutes, as of Oct 04 2024 17:06 BST.

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
AVI Global Trust PLC140.50m134.14m1.03bn0.001.03bn0.00
Herald Investment Trust plc204.97m190.88m1.09bn0.001.09bn0.00
Edinburgh Investment Trust PLC141.15m131.71m1.11bn0.001.11bn0.00
Vietnam Enterprise Investments Limited101.10m68.06m1.13bn0.001.13bn0.00
TR Property Investment Trust plc224.39m196.35m1.14bn0.001.14bn0.00
Ninety One PLC697.80m163.90m1.14bn1.19k1.14bn1.19k
Law Debenture Corporation plc201.31m140.61m1.18bn299.001.18bn299.00
JPmorgan Emerging Markets Inv Trust PLC104.69m84.97m1.24bn0.001.24bn0.00
Fidelity China Special Situations PLC-173.20m-213.46m1.24bn0.001.24bn0.00
Sequoia Economic Infrastrctr Incm Fd Ltd131.76m110.42m1.25bn0.001.25bn0.00
Aberforth Smaller Companies Trust plc274.29m257.22m1.29bn0.001.29bn0.00
Bankers Investment Trust PLC162.31m147.90m1.31bn0.001.31bn0.00
Allianz Technology Trust PLC521.55m511.54m1.38bn0.001.38bn0.00
BH Macro Ltd146.06m34.16m1.41bn0.001.41bn0.00
Finsbury Growth & Income Trust PLC16.81m2.34m1.41bn0.001.41bn0.00
Ashmore Group plc205.50m93.70m1.43bn283.001.43bn283.00
Data as of Oct 04 2024. Currency figures normalised to Fidelity China Special Situations PLC's reporting currency: UK Pound GBX

Institutional shareholders

71.98%Per cent of shares held by top holders
HolderShares% Held
FIL Investment Advisors (UK) Ltd.as of 30 Apr 202499.25m19.07%
City of London Investment Management Co. Ltd.as of 30 Apr 202473.23m14.07%
Lazard Asset Management LLCas of 03 Sep 202449.92m9.59%
HSBC Global Asset Management (UK) Ltd.as of 03 Sep 202436.66m7.04%
Allan Gray (Pty) Ltd.as of 11 Jun 202436.57m7.03%
Bill & Melinda Gates Foundation Trust (Investment Management)as of 03 Sep 202427.44m5.27%
Allspring Global Investments LLCas of 30 Apr 202420.94m4.02%
Hargreaves Lansdown Asset Management Ltd.as of 03 Sep 202415.63m3.00%
Evelyn Partners Investment Management LLPas of 03 Sep 20248.15m1.57%
BlackRock Investment Management (UK) Ltd.as of 03 Sep 20246.83m1.31%
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Data from 30 Jun 2024 - 03 Sep 2024Source: FactSet Research Systems Inc.
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