Price (GBX)
236.00 -0.63%
FCSSORD 1P
Track
Open / Last close
- / 236.00
High / Low
237.50 / 235.00
Bid / Offer
235.00 / 236.00
Turnover
£1,576,234.45
Special Condition: -
Trading Status: Market Close
As at 01.06.20 04:09:56 - All data delayed at least 15 minutes

Fidelity China Special Situations Plc instruments

Select instrument to view
Equity (1)
Code Instrument name Price Change Type Documentation
FCSSORD 1P236.00
GBX
-0.63%Equity-

Price information

What's this?
Open price
-
Previous close price / date
236.00 / 29 May 2020
Volume
2,615,769
Turnover
£1,576,234.45
52 week range
185.00 / 253.00
YTD return
-0.21
1 year return
13.46

Instrument information

What's this?
Instrument market cap (£m)
1,252.16
Earnings per share
0.50
Dividend (yield)
1.46 %
Issue date
19 April 2010
ISIN
GB00B62Z3C74
SEDOL
B62Z3C7
Market identifier code (MIC)
XLON
Country of share register
GB
Market segment
STMM
Trading service
SETS
Date Time Price CurrencyVolume Trade ValueTrade type Trade flag MIC
29.05.20 16:44:07 236.00 GBX 349,221 824,161.56 Off-Book - XLON
29.05.20 16:36:06 236.00 GBX 2,988 7,051.68 AT ALGO XLON
29.05.20 16:36:02 236.00 GBX 60,633 143,093.88 Off-Book - XLON
29.05.20 16:35:25 236.00 GBX 392,025 925,179.00 UT - XLON
29.05.20 16:29:52 236.00 GBX 38 89.68 Off-Book - SINT

Equity Research

from Fidelity China Special Situations Plc
Mind the gap

Recent years have seen companies opt to remain private for longer; due to their ability to access capital from alternative areas and to remain free of the increasingly burdensome requirements of being listed. The implosion of the Woodford Equity Income Fund as a result of liquidity problems has shone a negative light on open-ended funds holding stakes in private companies. However, the capacity to hold illiquid assets is one of the key characteristics of the investment trust structure. In this article we assess the advantages and disadvantages of holding minority stakes in private companies, and the impact that being re-valued periodically can have in a market characterised by wild swings in sentiment; which is perhaps of most relevance in the current market.

View report
Fidelity China Special Situations - Weak sentiment providing opportunities

Fidelity China Special Situations (FCSS) aims to deliver long-term capital growth, following a bottom-up approach to investing in companies listed in China, and Chinese companies listed elsewhere. The trust marks its 10th anniversary in April 2020 and, since inception, it has generated an annualised NAV total return of 11%. Chinese equities have been relatively out of favour for some time against a backdrop of the US-China trade dispute, Hong Kong political protests and, more recently, the coronavirus. The manager, Dale Nicholls, is finding exciting opportunities at attractive valuations, and continues to focus primarily on smaller companies that can benefit from long-term secular growth trends.

View report
Fidelity China Special Situations - Weak sentiment providing opportunities

Fidelity China Special Situations (FCSS) aims to deliver long-term capital growth, following a bottom-up approach to investing in companies listed in China, and Chinese companies listed elsewhere. The trust marks its 10th anniversary in April 2020 and, since inception, it has generated an annualised NAV total return of 11%. Chinese equities have been relatively out of favour for some time against a backdrop of the US-China trade dispute, Hong Kong political protests and, more recently, the coronavirus. The manager, Dale Nicholls, is finding exciting opportunities at attractive valuations, and continues to focus primarily on smaller companies that can benefit from long-term secular growth trends.

View report
Drifting apart: how emerging markets have become less correlated

It is something of a truism to say that emerging markets are not a homogenous blob, but a range of highly differentiated economies and stock markets. Yet as investors, we often categorise them as one and the same, especially from an asset allocation and risk management perspective.

View report
Fidelity China Special Situations - Domestic opportunities offer exciting prospects

Fidelity China Special Situations (FCSS) offers investors direct exposure to China for a portion of their portfolio, aiming to deliver long-term capital growth from investing in companies listed in China, and Chinese companies listed elsewhere. Since the trust’s inception in April 2010, FCSS’s NAV total return has increased by nearly 11% pa. The portfolio has a bias towards mid- and small-cap companies, which tend to be less well researched and potentially mispriced. The manager, Dale Nicholls, is focused on opportunities related to rising domestic consumption, which in his view is unlikely to be disrupted by the ongoing US-China trade dispute.

View report
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