Winnersrationale

Fidelity International has been named Asian Private Banker’s Best Fund Provider – Greater China Equity for the success of its China Focus Fund whose overweight exposure to the energy, financials and real estate sectors contributed to an exceptional performance in 2022.

Launched in August 2003, the Fidelity Funds – China Focus Fund is a value-led strategy with a contrarian view, investing primarily in Chinese securities listed in China and Hong Kong. It seeks to capitalise on China’s long-term structural growth story, focusing on the intrinsic value of a company rather than headline themes, thereby offering early entry points for investors.

The strategy’s value-led approach sets it apart from its broader peer group (Morningstar EAA China Equity) and benefited from investors moving away from growth to value stocks during 2022. It managed to draw in US$2.9 billion in AUM as of 31 August 2022. As it went through short-term market cycles and growth scarcity in the first eight months of 2022, the China Focus Fund had a 14.6% excess return.

In support of its Greater China franchise, Fidelity International has a large on-the-ground presence across Shanghai, Hong Kong and Singapore for local insights, analysis and company engagement. In December 2022, it became the latest asset manager to run a mutual funds business in China, enabling it to offer onshore investment products and solutions to retail clients and to provide institutional clients in China with asset management services.

For the success of its long-term value investing, Fidelity International wins Best Fund Provider – Greater China Equity in Asian Private Banker’s 2023 Asset Management Awards for Excellence.