Fidelity Asian Values Plc - Half-year Report
PR Newswire
Financial Highlights:
The Company s NAV rose by +22.5% over the six-month period.
The Company s share price increased by +27.7% compared with a +20.0% return of the Comparative Index.
Contacts
Anna-Marie Davis
PERFORMANCE REVIEW
Over the six month period ended 31 January 2021, the net asset value ( NAV ) of Fidelity Asian Values PLC rose by 22.5% and the share price by 27.7%, compared with a 20.0% return of the Comparative Index. While these numbers are encouraging, longer-term performance is not as strong as I would have hoped for.
In Asia, there was an expectation that investors would rotate out of growth stocks and into value names in the last quarter of 2020 in the hope that value would benefit from an economic recovery. However, this trend has not played out to the extent we expected and stock selection was the key driver of the Company s relative performance.