Fidelity Asian Values PLC Edison issues review on Fidelity Asian Values
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.
Click here to view the full report.
Subscribe to Edison's content to receive reports by email.
All reports published by Edison are free-to-access and available
on the website.
About Edison: Edison is an investment research and advisory
company, with offices in North America, Europe, the Middle East and
AsiaPac. The heart of Edison is our world-renowned equity research
platform and deep multi-sector expertise. At Edison Investment
Research, our research is widely read by international investors,
advisers and stakeholders. Edison Advisors leverages our core
research platform to provide differentiated services including
investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information please contact Edison:
Mel Jenner, +44 (0)20 3077 5720
Sarah Godfrey, +44 (0)20 3681 2519
Learn more at www.edisongroup.com and connect with Edison
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact firstname.lastname@example.org or visit www.rns.com.
(END) Dow Jones Newswires
October 31, 2019 12:27 ET (16:27 GMT)