Fidelity Asian Values returns to gearing policy

Fidelity Asian Values has introduced gearing for the first time since September. The £120m trust has drawn down $9m of a $15m loan facility it arranged ING Bank in February.

Investment manager John Lo says: “Given the strong growth we are witnessing throughout the region and the increasing number of opportunities in the market we have decided to make use of the loan facility with ING Bank. “The region, with its substantial stimulus measures and healthy financial systems, remains attractive. Investment spending should continue to be a driver of growth, boosting current demand, household income, and consumption. Hence it is likely to support a multi-year growth cycle. “M&A activity by cash-rich businesses, which emerged from the downturn stronger, should pr...