Fidelity Asian Values PLC (FAS)

Profile

https://www.fastenal.com

Fidelity Asian Values PLC is a United Kingdom-domiciled closed-ended investment trust launched in 1996, managed by FIL Investment Services (UK) Limited with co-management from FIL Investments International and FIL Investment Management (Hong Kong) Limited. Its primary objective is to achieve long-term capital growth by investing principally in the public equity markets of Asia, excluding Japan, targeting stocks across all market capitalizations with a particular emphasis on smaller companies that are often under-researched and mispriced. The trust employs a fundamentals-driven, bottom-up stock selection approach, focusing on good businesses led by competent management teams available at valuations offering a margin of safety, benchmarked against the MSCI All Countries Far East ex Japan Index. Portfolio managers Nitin Bajaj and Ajinkya Dhavale maintain a value-oriented, contrarian strategy with overweight positions in countries like China and Indonesia, and sectors including financials, consumer discretionary, consumer staples, and energy, while utilizing gearing through derivatives like contracts-for-difference to enhance returns. This specialist vehicle provides diversified exposure to Asia's dynamic small and mid-cap opportunities, noted for its strong long-term outperformance track record and competitive ongoing charges of 0.95%.