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Fidelity China Special Situations

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Namestring
Fidelity China Special Situations
Legal namestring
Fidelity China Special Situations PLC
Websiteurl
investment-trusts.fidelity.co.uk
Company typeenum
Public
Founded yearint
2010
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersKingswood, United Kingdom
HQ citystring
Kingswood
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Keyword5 values
China equity investment, investment trust management, emerging market equities, portfolio management services, special situations investing
Industry1 code
1Sector & Thematic Mutual Funds
CodeFSAAAEAJPrimaryYes
NAICS code2 codes
  • Portfolio Management and Investment Advice523940
  • Portfolio Management and Investment Advice52394
SIC code1 code
  • Investment Advice6282
Product category
Investment Trust (China Equity)
No data
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Operations, Personnel, Marketing or Sales, Others
Offering typeServices
Services
Core offering1 text field

Fidelity China Special Situations PLC is a London-listed investment trust that invests in a portfolio of Chinese equities across the market-capitalisation spectrum, with the ability to allocate up to 15% of its assets to unlisted companies. The trust is actively managed by Dale Nicholls of Fidelity International using a bottom-up fundamental research approach, targeting long-term capital growth through exposure to China's domestic consumption, innovation, and structural growth themes.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • NAV return of +29.7% for H1 FY2026 (6 months ended 30 Sep 2025) vs benchmark MSCI China Index +18.0%
+4 more records
Product overview1 text field

Fidelity China Special Situations PLC is a single focused investment trust product that provides broad exposure to China's equity markets. The trust invests across the market-cap spectrum in both listed equities and unlisted companies (up to 15% allocation), with core holdings in consumer and industrial sectors aligning with advanced manufacturing and innovation themes such as automation, electric vehicles, AI, and advanced manufacturing. The product is managed by Dale Nicholls and provides investors access to the growth potential of China's evolving economic landscape, including domestic consumption, technological innovation, and the growing middle class.

Product and service1 record
1Fidelity China Special Situations PLC
CategoryChina equity investment trust
Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Invesco Asia Trust plc
TypeDirect peer
Description

UK-listed investment trust providing Asian (ex-Japan) equity exposure including China. Comparable trust structure and UK retail/adviser distribution, with China as a major geographic weight within a broader Asia mandate.

2JPMorgan China Growth & Income PLC
TypeDirect peer
Description

UK-listed investment trust focused on Chinese equities, offering both capital growth and income. Closest direct comparison given comparable structure (closed-end UK trust), mandate (China equity), and target retail/institutional UK investor base.

3Baillie Gifford China Growth Trust plc
TypeDirect peer
Description

UK-listed investment trust focused on Chinese equities with a growth-oriented approach. Highly comparable in structure and target audience to FCSS, differing mainly in growth-versus-value style.

4Henderson Far East Income Limited
TypeDirect peer
Description

UK-listed investment trust focused on Asia-Pacific including China with an income tilt. Comparable as a peer in the UK investment trust category with overlapping China exposure.

5BlackRock Greater China Investment Trust plc
TypeDirect peer
Description

UK-listed investment trust providing diversified Greater China (mainland, Hong Kong, Taiwan) equity exposure. Comparable as a direct competitor in the same UK closed-end fund category targeting China-thematic investors.

6Schroder Oriental Income Fund Limited
TypeDirect peer
Description

UK-listed investment trust investing in Asia-Pacific equities with an income bias. Highly comparable structure and significantly overlapping China holdings.

7Matthews Asia China Dividend Fund
TypeRegional player
Description

US-domiciled open-end mutual fund focused on Chinese dividend-paying equities. Comparable thematic focus and bottom-up single-country China mandate, but distributed through US/regulatory channels rather than UK adviser platforms.

8Aberdeen China Smart City Fund
TypeRegional player
Description

Open-ended fund (OEIC) focused on Chinese equities rather than a UK investment trust. Comparable in thematic focus and target audience of UK investors seeking China exposure, but distributed through a different vehicle type.

9Fidelity Emerging Markets Limited
TypeDirect peer
Description

Sibling Fidelity investment trust also managed by FIL Limited via the same UK distribution platform. Provides broader emerging-markets equity exposure that includes China, comparable in structure and management ecosystem.

10Fidelity Asian Values PLC
TypeDirect peer
Description

Sibling Fidelity investment trust (also managed by FIL Limited via the same platform) but focused on Asia ex-Japan rather than China specifically. Closely comparable structure, distribution channels, and parent-group economics.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment2 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Fidelity China Special Situations

Investment Trust (China Equity)investment-trusts.fidelity.co.uk

Fidelity China Special Situations firmographics

Firmographics
Name
Fidelity China Special Situations
Legal name
Fidelity China Special Situations PLC
Website
https://investment-trusts.fidelity.co.uk
Company type
Public
Founded year
2010
Operating status
Operating
Headcount range
11–50 employees
Ownership category
akta.pro rank

Fidelity China Special Situations industry classification

Industry
Product category
Investment Trust (China Equity)
NAICS
Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
SIC
Investment Advice (6282)
akta.pro primary industry
Sector & Thematic Mutual Funds (FSAAAEAJ)

Keywords

  • China equity investment
  • Investment trust management
  • Emerging market equities
  • Portfolio management services
  • Special situations investing

Where Fidelity China Special Situations is headquartered

Location

Headquarters

HQ city
Kingswood
HQ country
United Kingdom
HQ region
Europe

Markets served

Fidelity China Special Situations product offering

Product offering

Core offering

Fidelity China Special Situations PLC is a London-listed investment trust that invests in a portfolio of Chinese equities across the market-capitalisation spectrum, with the ability to allocate up to 15% of its assets to unlisted companies. The trust is actively managed by Dale Nicholls of Fidelity International using a bottom-up fundamental research approach, targeting long-term capital growth through exposure to China's domestic consumption, innovation, and structural growth themes.

Product overview

Fidelity China Special Situations PLC is a single focused investment trust product that provides broad exposure to China's equity markets. The trust invests across the market-cap spectrum in both listed equities and unlisted companies (up to 15% allocation), with core holdings in consumer and industrial sectors aligning with advanced manufacturing and innovation themes such as automation, electric vehicles, AI, and advanced manufacturing. The product is managed by Dale Nicholls and provides investors access to the growth potential of China's evolving economic landscape, including domestic consumption, technological innovation, and the growing middle class.

Differentiator

Problem solved

Functional benefit

Products and services

  • Fidelity China Special Situations PLC

Quantifiable outcome

  • NAV return of +29.7% for H1 FY2026 (6 months ended 30 Sep 2025) vs benchmark MSCI China Index +18.0%
  • +4 more outcomes

Companies that use Fidelity China Special Situations

Customer profile

Segments1 record

Ideal customer profiles2 records

Fidelity China Special Situations technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Fidelity China Special Situations partnerships and signals

Strategic signal

Recent moves5 records

Expansion highlights4 records

Fidelity China Special Situations competitors and assessment

Company assessment

Direct peers

  • Invesco Asia Trust plc: UK-listed investment trust providing Asian (ex-Japan) equity exposure including China. Comparable trust structure and UK retail/adviser distribution, with China as a major geographic weight within a broader Asia mandate.
  • JPMorgan China Growth & Income PLC: UK-listed investment trust focused on Chinese equities, offering both capital growth and income. Closest direct comparison given comparable structure (closed-end UK trust), mandate (China equity), and target retail/institutional UK investor base.
  • Baillie Gifford China Growth Trust plc: UK-listed investment trust focused on Chinese equities with a growth-oriented approach. Highly comparable in structure and target audience to FCSS, differing mainly in growth-versus-value style.
  • Henderson Far East Income Limited: UK-listed investment trust focused on Asia-Pacific including China with an income tilt. Comparable as a peer in the UK investment trust category with overlapping China exposure.
  • BlackRock Greater China Investment Trust plc: UK-listed investment trust providing diversified Greater China (mainland, Hong Kong, Taiwan) equity exposure. Comparable as a direct competitor in the same UK closed-end fund category targeting China-thematic investors.
  • Schroder Oriental Income Fund Limited: UK-listed investment trust investing in Asia-Pacific equities with an income bias. Highly comparable structure and significantly overlapping China holdings.
  • Fidelity Emerging Markets Limited: Sibling Fidelity investment trust also managed by FIL Limited via the same UK distribution platform. Provides broader emerging-markets equity exposure that includes China, comparable in structure and management ecosystem.
  • Fidelity Asian Values PLC: Sibling Fidelity investment trust (also managed by FIL Limited via the same platform) but focused on Asia ex-Japan rather than China specifically. Closely comparable structure, distribution channels, and parent-group economics.

Regional players

  • Matthews Asia China Dividend Fund: US-domiciled open-end mutual fund focused on Chinese dividend-paying equities. Comparable thematic focus and bottom-up single-country China mandate, but distributed through US/regulatory channels rather than UK adviser platforms.
  • Aberdeen China Smart City Fund: Open-ended fund (OEIC) focused on Chinese equities rather than a UK investment trust. Comparable in thematic focus and target audience of UK investors seeking China exposure, but distributed through a different vehicle type.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Fidelity China Special Situations financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Fidelity China Special Situations leadership team

Management profile

Number of profiles

Profiles2 records

Fidelity China Special Situations funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Fidelity China Special Situations M&A and investment

M&A and investment

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fidelity China Special Situations

What does Fidelity China Special Situations do?

Fidelity China Special Situations PLC is a London-listed investment trust that invests in a portfolio of Chinese equities across the market-capitalisation spectrum, with the ability to allocate up to 15% of its assets to unlisted companies. The trust is actively managed by Dale Nicholls of Fidelity International using a bottom-up fundamental research approach, targeting long-term capital growth through exposure to China's domestic consumption, innovation, and structural growth themes.

Is Fidelity China Special Situations a public or private company?

Fidelity China Special Situations is a public company. It is classified as public and is currently operating.

When was Fidelity China Special Situations founded?

Fidelity China Special Situations was founded in 2010. It employs 11 to 50 people.

Where is Fidelity China Special Situations based?

Fidelity China Special Situations is headquartered in Kingswood, United Kingdom, in the Europe region.

Who are Fidelity China Special Situations's main competitors?

Direct peers on record are Invesco Asia Trust plc, JPMorgan China Growth & Income PLC, Baillie Gifford China Growth Trust plc, Henderson Far East Income Limited, BlackRock Greater China Investment Trust plc, Schroder Oriental Income Fund Limited, Fidelity Emerging Markets Limited and Fidelity Asian Values PLC. Regional players are Matthews Asia China Dividend Fund and Aberdeen China Smart City Fund.

Does Fidelity China Special Situations have an API?

No public API is recorded for Fidelity China Special Situations.

What industry is Fidelity China Special Situations in?

Fidelity China Special Situations's product category is Investment Trust (China Equity). Its primary akta.pro industry code is FSAAAEAJ, Sector & Thematic Mutual Funds. Its NAICS code is 523940 and its SIC code is 6282.

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Live signals
American Banking and Market NewsFidelity China Special (LON:FCSS) Shares Cross Below 50-Day Moving Average – Should You Sell?Fidelity China Special shares fell below their 50-day moving average on Thursday, trading at GBX 243.50 against a 50-day average of GBX 256.64. Insider Mike Balfour bought 30,000 shares at GBX 258 on July 14th. The company provides exposure to China's domestic consumption-driven growth.American Banking and Market NewsFidelity China Special (LON:FCSS) Shares Cross Below 50 Day Moving Average – Here’s WhyFidelity China Special shares fell below their 50-day moving average on Wednesday, trading at GBX 252 against a 50-day average of GBX 258.12. Insider Mike Balfour bought 30,000 shares at GBX 258 on July 14th, and the stock's market cap is £1.15 billion.InvestegateTransaction in Own SharesFidelity China Special Situations PLC repurchased 36,104 of its own shares for cancellation on 18 September 2026, at an average price of 247.940 GBp per share. Following the transaction, the company's issued share capital stands at 538,692,844, with 85,629,548 shares in treasury, resulting in total voting rights of 453,063,296.InvestegateTransaction in Own SharesFidelity China Special Situations PLC repurchased 100,602 shares for cancellation on 17 September 2026, paying an average price of 243.500 GBp. The transaction leaves the company with 85,629,548 treasury shares and 453,099,400 total voting rights.InvestegateTransaction in Own SharesFidelity China Special Situations PLC repurchased 400,000 of its own shares for cancellation on September 16, 2026, at an average price of 243.490 GBp. The repurchase leaves 85,629,548 shares in treasury and 453,200,002 total voting rights, which shareholders may use to determine notification obligations under FCA rules.InvestegateTransaction in Own SharesFidelity China Special Situations PLC repurchased 400,000 shares for cancellation on 15 September 2026, paying an average price of 241.560 GBp. The transaction leaves the company with 85,629,548 treasury shares and 453,600,002 total voting rights.InvestegateTransaction in Own SharesFidelity China Special Situations PLC repurchased 32,670 shares for cancellation on 10 September 2026, paying an average price of 247.960 GBp. The transaction left the company with 85,629,548 treasury shares and 454,320,002 total voting rights.InvestegateTransaction in Own SharesFidelity China Special Situations PLC repurchased and cancelled 137,000 shares on 09 September 2026 at an average price of 251 GBp. The transaction left the company with 539,982,220 issued shares, 85,629,548 in treasury, and 454,352,672 voting rights.InvestegateTransaction in Own SharesFidelity China Special Situations PLC repurchased 126,510 shares for cancellation on September 7, 2026, at an average price of 254.870 GBp. The repurchase reduced issued share capital to 540,119,220, with 85,629,548 shares in treasury, leaving 454,489,672 voting rights.InvestegateTransaction in Own SharesFidelity China Special Situations PLC repurchased 675,000 of its own shares for cancellation on 19 August 2026 at an average price of 262.150 GBp. Following the transaction, the company's issued share capital stands at 540,245,730 with total voting rights adjusted to 454,616,182. This update provides shareholders with the current denominator for calculating notification obligations under FCA rules.