Bolton's China trust raises £460m

Anthony Bolton's Fidelity China Special Situations trust has raised £460m in one of the UK market's most successful fund listings for 20 years.

While the fundraising was £190m less than the maximum £650m subscription, it is still the largest listed China equity fund in the UK. The vehicle is set to list on the LSE on 19 April and is expected to sit in the FTSE 250 after the next index review. Bolton says he is "absolutely delighted" with the support from investors and advisers. "Fidelity China Special Situations will be the largest emerging markets equity fund new issue since 1990 as well as the largest China equity fund listed in the UK which is a fantastic achievement," he says. "I firmly believe that China is the inv...