Stockpicking in Hong Kong, Taiwan and Singapore added to returns on Fidelity's Asian Values trust ov...
Stockpicking in Hong Kong, Taiwan and Singapore added to returns on Fidelity’s Asian Values trust over six months to 31 January.
Over the period, the vehicle’s net asset value per share rose by 16.6%, outperforming the benchmark MSCI All Countries Far East ex Japan Index’s 15.0%.
Manager John Lo said Asian stock markets provided positive returns over the six months, with some markets such as Singapore reaching new historical highs.
“An improving macroeconomic environment, falling oil prices, strong corporate earnings and buoyant investor sentiment drove the market upwards,” he added.