Part of our Foundation Fundlist FIDELITY ASIAN VALUES PLC ORD GBP0.25

Symbol: FAS

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Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 24th Jul 2019 to 24th Jul 2020-24.42%
  • 24th Jul 2020 to 24th Jul 202151.45%
  • 24th Jul 2021 to 24th Jul 2022-7.53%
  • 24th Jul 2022 to 24th Jul 202319.20%
  • 24th Jul 2023 to 24th Jul 2024-2.08%

Key Information

Benchmark MSCI AC Asia Pacific ex Japan Small Cap
Sector IT Asia Pacific Smaller Companies
Gearing 101%
Ex-Dividend Date 2 Nov 2023
Dividend Pay Date 6 Dec 2023
Total Dividends - Year to Date14.5
Dividend Yield (%)2.9116

Net Asset Value (Nav)

Latest actual NAV 553.95
Latest actual NAV date 22/07/2024
NAV frequency Daily
Premium/Discount -10.1%

Part of our Foundation Fundlist Part of our Foundation Fundlist
WHY IS THIS FUND ON OUR FOUNDATION FUNDLIST?

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
1.3783%
Performance Fee 11%
AMC 0.70%
Our Platform Charge
We charge a platform fee of 0.35% per annum on the value of all stocks & shares held across all accounts, minimum £24 and maximum £240 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here .
0.35%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here
0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
1.3783%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

Fidelity Asian Values PLC is a United Kingdom-based investment company. The Company’s objective is to achieve capital growth principally from the stock markets of the Asian Region excluding Japan. It invests in securities of companies which have fundamental value that has not been recognized by the market. The Company is not restricted in terms of size or industry of companies included in the portfolio and may invest in unlisted securities. The Company may also invest in other transferable securities, collective investment schemes, money market instruments, cash and deposits and is also able to use derivatives for efficient portfolio management and investment purposes. It invests in various sectors, which includes financials, consumer discretionary, industrials, consumer staples, materials, real estate, energy, health care, utilities, information technology and communication services. Its alternative investment fund manager is FIL Investment Services (UK) Limited.

Financial Summary

BRIEF: For the six months ended 31 January 2024, Fidelity Asian Values PLC revenues decreased from £40M to -£3.7M. Net loss totaled £9.5M vs. income of £35.9M. Revenues reflect Gains on investments decrease from £26.4M to -£4.9M, Gains/(losses) on derivative instruments decrease from £5.1M to -£6.1M, Foreign exchange gains/ (losses) Net ret decrease of 76% to £327K. Net loss reflects Other expenses increase of 8% to £522K (expense).

Performance

  • Chart Options

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      -2.73% -2.73% 1.84% -2.08% 7.93% 23.55%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      242,587 bytes PDF Document; last updated 31 May 2024
      Key Investor Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INVESTOR INFORMATION DOCUMENT
      121,466 bytes PDF Document; last updated 26 Jan 2024
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      179,034 bytes PDF Document; last updated 05 Apr 2024
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      5,862,815 bytes PDF Document; last updated 31 Jul 2023
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      2,266,904 bytes PDF Document; last updated 31 Jan 2024

      Management Team

      Ajinkya Arvind Dhavale Nitin Bajaj

      Ajinkya Arvind Dhavale has managed this fund for 4 months.

      Ajinkya Arvind Dhavale Ajinkya joined Fidelity in 2011 as an Investment Analyst in our Mumbai office and in 2014, he relocated to our Singapore office to take up the role of a shorting analyst covering the whole Asia ex Japan region. In 2018, he rotated into the small cap space covering equities in Korea and Taiwan. Ajinkya is a CFA and Chartered Accountant from the Institute of Chartered Accountants of India and holds a B. Com. from the University of Pune.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Nitin Bajaj has managed this fund for 9 years and 3 months.

      Nitin Bajaj Nitin Bajaj joined Fidelity in 2003 in London as a research analyst covering European food & tobacco and large cap Italian & Spanish banks. In 2007, after a very successful and highly rated period in research, Nitin became an Assistant Portfolio Manager for the Fidelity Global Special Situations Fund in the UK. Nitin subsequently moved to Fidelity’s Mumbai office in 2009 to manage FIL’s domestic Indian equity funds. He moved to Singapore in early 2013 and manages the Fidelity Asian Values PLC and Fidelity Asian Smaller Companies Fund from there.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      31/07/2023

      31/07/2022

      31/07/2021

      31/07/2020

      31/07/2019

      31/07/2018

      Total Revenue 49.67 18.76 16.15 15.36 11.79 7.41
      Gross profit 44.78 16.43 14.03 12.80 8.63 3.80
      Operating Profit/Loss 43.76 15.69 13.47 12.22 8.04 3.31
      Profit Before Tax 43.76 15.69 107.72 -54.53 24.64 7.39
      Profit After Tax 39.64 13.53 103.57 -55.25 24.15 6.78
      Equity Holders of Parent Company 39.64 13.53 103.57 -55.25 24.15 6.78
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      31/07/2023

      31/07/2022

      31/07/2021

      31/07/2020

      31/07/2019

      31/07/2018

      Total Non-Current Assets 377.63 338.85 350.23 241.27 312.68 273.71
      Total Current Assets 22.16 33.91 20.88 31.56 13.56 17.67
      Total Assets 399.79 372.75 371.10 272.83 326.24 291.38
      Total Liabilities 5.22 5.13 7.04 3.43 3.25 3.41
      Total Net Assets 394.58 367.62 364.06 269.40 323.00 287.97
      Shareholders Funds 394.58 367.62 364.06 269.40 323.00 287.97
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 394.58 367.62 364.06 269.40 323.00 287.97

      Investment involves risk. You may get back less than invested.