Investment Trusts

Fidelity China Special Situations PLC

FCSS:LSE

Fidelity China Special Situations PLC

  • Price (GBX)232.00
  • Today's Change3.50 / 1.53%
  • Shares traded1.06m
  • 1 Year change0.22%
  • Beta0.4658
Data delayed at least 20 minutes, as of May 03 2024 16:37 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)32.38m
  • Net income in GBP-7.84m
  • 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 0.70% 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 2023Announced9.43%--
Data delayed at least 20 minutes, as of May 03 2024 16:37 BST.

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Capital Gearing Trust plc-10.62m-19.11m1.03bn0.001.03bn0.00
Impax Environmental Markets plc63.58m48.50m1.04bn0.001.04bn0.00
AVI Global Trust PLC140.50m134.14m1.09bn0.001.09bn0.00
Edinburgh Investment Trust PLC229.33m219.55m1.09bn0.001.09bn0.00
Law Debenture Corporation plc133.36m75.15m1.14bn299.001.14bn299.00
BlackRock World Mining Trust Plc-55.78m-78.99m1.15bn0.001.15bn0.00
Herald Investment Trust plc62.03m48.12m1.16bn0.001.16bn0.00
Vietnam Enterprise Investments Limited159.31m128.31m1.17bn0.001.17bn0.00
JPmorgan Emerging Markets Inv Trust PLC42.51m22.66m1.19bn0.001.19bn0.00
Fidelity China Special Situations PLC32.38m-7.84m1.21bn0.001.21bn0.00
Aberforth Smaller Companies Trust plc114.86m99.04m1.23bn0.001.23bn0.00
Hipgnosis Songs Fund Ltd119.02m-106.28m1.26bn39.001.26bn39.00
Sequoia Economic Infrastrctr Incm Fd Ltd105.91m95.12m1.28bn0.001.28bn0.00
Bankers Investment Trust PLC79.14m64.56m1.34bn0.001.34bn0.00
Allianz Technology Trust PLC429.01m420.20m1.36bn0.001.36bn0.00
BH Macro Ltd150.53m53.01m1.38bn0.001.38bn0.00
Data as of May 03 2024. Currency figures normalised to Fidelity China Special Situations PLC's reporting currency: UK Pound GBX

Institutional shareholders

68.67%Per cent of shares held by top holders
HolderShares% Held
FIL Investment Advisors (UK) Ltd.as of 08 Apr 202499.01m18.83%
City of London Investment Management Co. Ltd.as of 05 Apr 202473.55m13.99%
Lazard Asset Management LLCas of 30 Apr 202351.60m9.82%
Allan Gray (Pty) Ltd.as of 13 Mar 202436.57m6.96%
HSBC Global Asset Management (UK) Ltd.as of 01 Apr 202436.34m6.91%
Bill & Melinda Gates Foundation Trust (Investment Management)as of 01 Apr 202426.69m5.08%
Hargreaves Lansdown Asset Management Ltd.as of 01 Apr 202415.85m3.02%
Evelyn Partners Investment Management LLPas of 01 Apr 20249.07m1.73%
BlackRock Investment Management (UK) Ltd.as of 01 Apr 20246.79m1.29%
Rathbones Investment Management Ltd.as of 01 Apr 20245.55m1.06%
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Data from 31 Dec 2023 - 30 Apr 2024Source: FactSet Research Systems Inc.
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