Fidelity China Special Sits is third trust to implement 'fulcrum' fee
Canaccord upgrades recommendation to 'buy'
Dale Nicholls is manager of Fidelity China Special Situations
The board of the £1.4bn Fidelity China Special Situations investment trust has announced plans to overhaul its fee structure with the changes to become effective from 1 July.
The company has decided to remove its performance fee and fixed annual charge and replace it with a new variable fee. The current headline annual fee of 1% of net assets will be reduced to 0.9% of net...
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