Investment Trusts

Fidelity China Special Situations PLC

FCSS:LSE

Fidelity China Special Situations PLC

  • Price (GBX)211.50
  • Today's Change1.00 / 0.48%
  • Shares traded707.00k
  • 1 Year change-1.40%
  • Beta0.3736
Data delayed at least 20 minutes, as of Nov 21 2024 16:35 GMT.
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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 2023Announced-0.24%--
Data delayed at least 20 minutes, as of Nov 21 2024 16:35 GMT.

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Impax Environmental Markets plc5.17m-10.83m937.01m0.00937.01m0.00
Alpha Group International PLC119.31m96.06m953.93m443.00953.93m443.00
TR Property Investment Trust plc224.39m196.35m971.09m0.00971.09m0.00
BlackRock World Mining Trust Plc9.86m-13.40m985.65m0.00985.65m0.00
Fidelity Special Values PLC236.95m223.31m1.00bn0.001.00bn0.00
Ninety One PLC690.60m153.40m1.01bn1.19k1.01bn1.19k
AVI Global Trust PLC156.13m142.66m1.04bn0.001.04bn0.00
Vietnam Enterprise Investments Limited105.35m70.93m1.06bn0.001.06bn0.00
Edinburgh Investment Trust PLC196.62m187.43m1.08bn0.001.08bn0.00
Fidelity China Special Situations PLC-173.20m-213.46m1.09bn0.001.09bn0.00
Herald Investment Trust plc204.97m190.88m1.16bn0.001.16bn0.00
Law Debenture Corporation plc201.31m140.61m1.17bn299.001.17bn299.00
JPmorgan Emerging Markets Inv Trust PLC104.69m84.97m1.18bn0.001.18bn0.00
Sequoia Economic Infrastrctr Incm Fd Ltd131.76m110.42m1.19bn0.001.19bn0.00
Ashmore Group plc205.50m93.70m1.20bn283.001.20bn283.00
Aberforth Smaller Companies Trust plc274.29m257.22m1.21bn0.001.21bn0.00
Data as of Nov 21 2024. Currency figures normalised to Fidelity China Special Situations PLC's reporting currency: UK Pound GBX

Institutional shareholders

71.63%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 10 Oct 202472.30m13.89%
Lazard Asset Management LLCas of 01 Oct 202450.40m9.68%
Allan Gray (Pty) Ltd.as of 11 Jun 202436.57m7.03%
HSBC Global Asset Management (UK) Ltd.as of 01 Oct 202436.01m6.92%
Bill & Melinda Gates Foundation Trust (Investment Management)as of 01 Oct 202427.53m5.29%
Allspring Global Investments LLCas of 30 Apr 202420.94m4.02%
Hargreaves Lansdown Asset Management Ltd.as of 01 Oct 202415.45m2.97%
Evelyn Partners Investment Management LLPas of 01 Oct 20248.24m1.58%
BlackRock Investment Management (UK) Ltd.as of 01 Oct 20246.12m1.18%
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Data from 30 Sep 2024 - 05 Nov 2024Source: FactSet Research Systems Inc.
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