Fidelity Asian Values PLC Edison issues review on Fidelity Asian Values
October 31 2019 - 12:27PM
RNS Non-Regulatory
TIDMFAS
Fidelity Asian Values PLC
31 October 2019
London, UK, 31 October 2019
Edison issues review on Fidelity Asian Values (FAS)
Fidelity Asian Values (FAS) is managed by Nitin Bajaj, who aims
to both grow and preserve shareholders' capital, seeking
double-digit annual total returns over a three- to five-year
timeframe. The manager seeks to mitigate large capital losses in
the portfolio by avoiding companies with high valuation multiples,
extended balance sheets, modest margins and low liquidity. He is
mindful to keep sufficient resources available to take advantage of
investment opportunities when they arise. The last chance for
investors to exercise their FAS subscription shares is on 29
November 2019, with the exercise price representing a 1.8% discount
to the current share price.
FAS is currently trading at a 0.1% discount to cum-income NAV,
which compares to the 2.5% average premium over the last 12 months
and the 2.2% to 7.8% range of average discounts over the last
three, five and 10 years. While the trust's manager focuses on
capital growth and preservation, in recent years there has been a
regular progression in the annual dividend (see Exhibit 1). FAS
currently offers a 2.2% dividend yield.
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For more information please contact Edison:
Mel Jenner, +44 (0)20 3077 5720
Sarah Godfrey, +44 (0)20 3681 2519
investmenttrusts@edisongroup.com
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