Fidelity expands remit on Asian Sicav fund range

Fidelity has revamped its Asian fund range in a move which gives the managers the ability to invest more of their portfolios in the onshore Chinese stock market.

The move will allow the £6bn range, including Allan Liu's £2.2bn Fidelity South East Asia fund, to invest directly into A and B shares listed on the Shanghai Stock Exchange. The other funds which have been granted greater flexibility to invest in the Chinese markets include Martha Wang's £2.2bn Fidelity China Focus fund and the Fidelity Asian Special Situations fund, headed up by Suranjan Mukherjee. Raymond Ma's £290m Fidelity Greater China and the £280m Fidelity China Consumer funds, now also have the option of investing in Chinese ‘B' shares. "The investment objectives have been ...