Fidelity China Special Solutions

[Stedman]

Anyone gone in for it?

[Beardy10]

Been thinking about this myself in my SIPP or ISA. Bolton obviously has quite a good track record!

[MEVILAZY]

A lot of negative press (much more so than positive) on this over the last couple of months....

I think regardless of his track record, it all comes down to whether you think China still has plenty of scope for growth and your time horizon.

I for one would rather invest elsewhere at the moment.

[Beardy10]

MEVILAZY said:

A lot of negative press (much more so than positive) on this over the last couple of months....

I think regardless of his track record, it all comes down to whether you think China still has plenty of scope for growth and your time horizon.

I for one would rather invest elsewhere at the moment.

It absolutely comes down to whether you like China or not but I currently don't have any exposure at all and I am thinking of making a small allocation to it on a very long term view. Bolton is as good as anyone when it comes to picking markets and not just individual stocks, he called the bottom in FTSE four days from the actual low last year.

[Maxf]

I'll be investing some of this year's ISA allowance. Maybe.

The worry is that while Bolton has a good track record, he's only committed for a couple of years, while this needs to be a long term investment. Lots of synical press about the method in which it is being set up as well.

Edited by Maxf on Thursday 25th March 11:20

[ringram]

performance fees are also high which puts a big dent in gains.
unless of course you think they can consistently outperform the market.
Otherwise perhaps look at TEM. etc

[Beardy10]

If you're interested in China I think it's worth keeping an eye on Prudential. The company they are in the process of buying from AIG is I think the biggest Chinese Life Insurance company and one of the best insurance assets in the world...AIG had built this business up over 100 years. If they execute the takeover well and shareholders are happy to finance it it is transformational for the Pru.

[ringram]

considering the majority of mergers and aquisitions fail to add any value for shareholders, thats also optimistic. But its an interesting observation.

[jeff m]

As a part of ones investments it's ok.
I have just recently reduced my Chinese exposure, partly profit taking and partly nerves
I don't think the Chinese bourse is the most honest market but if you are going to invest you do need "a bit of it".
One problem is there has been a lot of property speculation and their Govs solution to this is clamp down on lending which in turn hits the market.
Things seem to be going smoothly at present though. But if inflation inflates?
http://www.bloomberg.com/apps/news?pid=20601089&am...

Edit Not sure if you are aware but the Chinese market does not operate like the UK or US. When it opens for the first hour only certain people can trade, after that it opens for the peons. A lot can happen in that hour and when you consider 2% daily swings are common being trapped on the outside can be costly. (Wether Fidelity would be in the first hour trading I haven't a clue)

Edited by jeff m on Wednesday 31st March 07:53