Fidelity International – Asian Special Situations Fund

Fidelity International – Asian Special Situations Fund Review

Fund objective

Fidelity International – Asian Special Situations Fund aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of special situations and smaller growth companies in Asia excluding Japan. Special situations stocks generally have valuations which are attractive in relation to net assets or earnings potential with additional factors which may have a positive influence on their share price. The fund may invest its net assets directly in China A and B Shares.

Fidelity International – Asian Special Situations Fund the freedom to invest outside the fund’s principal geographies, market sectors, industries or asset classes. Up to 25% can consist of investments other than special situations or smaller growth companies. The Fund may invest in assets directly or achieve exposure indirectly through other eligible means including derivatives.

Fidelity International – Asian Special Situations Fund can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, in line with the fund’s risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is reinvested in additional shares or paid to shareholders on request. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.

Investment Strategy

Fidelity International – Asian Special Situations Fund invests principally in special situations stocks and smaller growth companies in Asia, excluding Japan. Special situations stocks generally have valuations
which are attractive in relation to net assets or earnings potential with additional factors which may have a positive influence on the share price. Up to 25% of the portfolio can consist of investments other than special situations stocks and smaller growth companies.The Sub-Fund may invest its net assets directly in China A and B Shares.

Fidelity International – Asian Special Situations Fund can directly invest in China A shares through the Qualified Foreign Institutional Investor (“QFII”) quota of FIL Investment Management (Hong Kong) Limited or through any permissible means available to the Sub-Fund under prevailing laws and regulations (including through the Stock Connect or any other eligible means). The Sub-Fund may invest up to 10% of its net assets directly in China A and B shares (with aggregate exposure including direct and indirect investments up to 30% of its assets).

Who is Fidelity International – Asian Special Situations Fund suitable for?

Fidelity International – Asian Special Situations Fund is only suitable for investors who:

• seek a fund that aims to provide investors with long-term capital growth
• wish to participate in equity markets while being prepared to accept the risks described under the “Key Risks” section below
• seek long term investment.

Dividend or Income payout frequency: Annual

For additional assessments on product suitability, please obtain professional advice from a qualified Financial Adviser.

What are the key risks of Fidelity International – Asian Special Situations Fund?

The value of Fidelity International – Asian Special Situations Fund and its dividends and coupons (if any) may rise or fall. You may lose some or all of your investment depending on the performance of the underlying securities. Factors that may affect the performance of these securities include, without limitation, market risks, fluctuations in interest rates and foreign exchange rates, political instability, exchange controls, changes in taxation and foreign investment policies.

Some of the key risks associated with Fidelity International – Asian Special Situations Fund are described below:

Market and Credit Risks

• You are exposed to Fluctuations in Value Risk
• You are exposed to Foreign Currency Risk

Liquidity Risks

• You are exposed to Liquidity Risk

Product-Specific Risks

• You are exposed to Equities Risk
• You are exposed to Investments in Medium and Small Sized Firms Risks
• You are exposed to QFII Risks
• You are exposed to Emerging Markets Risks
• You are exposed to Derivatives Risk
• You are exposed to risks associated with Stock Connect
• You are exposed to RMB Currency Risk

Investment Fees and Charges

For a limited time (Until 31 Dec 2023), speak to a MAS licensed licensed financial adviser which has committed to offering our readers a flat 1% Subscription fee (Initial Sale Charge) for all Unit Trust Funds investment.

Learn more about the limited time offer on 1% Initial Sales Charge. Terms and conditions may apply.

Where can I get more details about Fidelity International – Asian Special Situations Fund

• Fidelity International – Asian Special Situations Fund Fact Sheet (Open in New Window)
• Fidelity International – Asian Special Situations Fund Product Highlight Sheet (Open in New Window)
• Speak to a licensed licensed financial adviser.

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