Fidelity's Dale Nicholls bullish on China's 'domestic opportunity'

Trade concerns no deterrent to manager's outlook

David Brenchley
clock • 5 min read

Dale Nicholls, manager of the £1.2bn Fidelity China Special Situations Trust (FCSS), continues to take advantage of "the domestic opportunity" in China as he looks to find long-term winners in both listed and unlisted markets.

There are a number of concerns regarding the macro backdrop in China, including slowing GDP growth, the build-up of debt in the economy and the impact of trade tensions with the US. Prepare for market correction as US-Chinatensions threaten to turn into currency war Nicholls said he accepted these are real risks to the Chinese economy; the amount of debt in the system, which has increased 100% since the Global Financial Crisis, will lead to issues particularly with non-performing loans, for instance. Trade, too, will cause short-term problems for industries such as autos and in per...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot