Trustnet Magazine 93 March 2023 | Page 37

When 1.4 billion consumers buy local , that ’ s a global opportunity

FIDELITY CHINA SPECIAL SITUATIONS PLC

If you want to take full advantage of the incredible growth of China ’ s middle classes and a seismic shift towards domestic consumption , you need real on-the-ground expertise .
As the UK ’ s largest China investment trust , we can capitalise on an extensive , locally based analyst team to make site visits and attend company meetings . This helps us find the opportunities that make the most of the immense shifts in local consumer demand .
The value of investments can go down as well as up and you may not get back the amount you invested . Overseas investments are subject to currency fluctuations . Investments in emerging markets can be more volatile than other more developed markets .
The trust invests more heavily than others in smaller companies , which can carry a higher risk because their share prices may be more volatile than those of larger companies .
The trust can use financial derivative instruments for investment purposes , which may expose it to a higher degree of risk and can cause investments to experience larger than average price fluctuations .
PAST PERFORMANCE
Jan 18 - Jan 19
Jan 19 - Jan 20
Jan 20 - Jan 21
Jan 21 - Jan 22
Jan 22 - Jan 23
To find out more , visit fidelity . co . uk / china , scan the QR code or speak to your adviser .
Net Asset Value -20.1 % 9.0 % 75.9 % -26.2 % -1.2 %
Share Price -21.5 % 13.2 % 92.7 % -27.4 % -2.1 %
MSCI China Index -13.4 % 5.6 % 40.2 % -27.6 % -2.0 %
Past performance is not a reliable indicator of future returns . Source : Morningstar as at 31.01.2023 , bid-bid , net income reinvested . © 2023 Morningstar Inc . All rights reserved . The MSCI China Index is a comparative index of the investment trust .
Source for consumers : Worldometer ( www . Worldometers . info ) as at 23.02.2023 . The latest annual reports , key information document ( KID ) and factsheets can be obtained from our website at www . fidelity . co . uk / its or by calling 0800 41 41 10 . The full prospectus may also be obtained from Fidelity . The Alternative Investment Fund Manager ( AIFM ) of Fidelity Investment Trusts is FIL Investment Services ( UK ) Limited . Issued by Financial Administration Services Limited , authorised and regulated by the Financial Conduct Authority . Fidelity , Fidelity International , the Fidelity International logo and F symbol are trademarks of FIL Limited . UKM0223 / 381239 / SSO / 0523 .