Nitin Bajaj, the seasoned manager of Fidelity Asian Values Fund, is set to present his views on Asia’s evolving investment landscape on November 20 at Citywire. With a strategic focus on China, Bajaj will discuss the region’s prospects in light of recent U.S. election outcomes and China’s economic revitalization efforts. Despite challenges, Bajaj remains confident in China’s potential, allocating nearly 39% of the fund there, while maintaining a conservative stance on India. Since its inception, Fidelity Asian Values has consistently outperformed its benchmark, offering investors a compelling gateway to Asia’s growth story.
1. Focus on China: Seizing Value Amid Market Volatility
Bajaj’s approach in Fidelity Asian Values reveals a strong emphasis on China, with nearly 39% of the fund invested in the region.
Despite economic challenges and dampened consumer confidence due to the ongoing property market downturn, Bajaj believes this is an ideal time to buy. He finds more undervalued business opportunities in China compared to India, where he has valuation concerns.
2. India: A More Conservative Stance
While China represents a major allocation in the fund, Bajaj is notably underweight in India. Holding less than 15% of the fund’s portfolio, India is underrepresented compared to the 33.5% allocation in the MSCI Asia Pacific Ex Japan Small Cap index, the fund’s benchmark.
Bajaj’s cautious approach reflects a concern over high valuations following India’s recent stock market surge.
3. Long-Term Growth and Performance
Since its inception in 1996, Fidelity Asian Values has delivered steady growth to shareholders, with a remarkable annualized return of 7%, outpacing the benchmark’s 6%.
The fund has achieved a total return of 578.9% as of September 30, significantly higher than the benchmark’s 415%. The current share price stands at a 12% discount to net asset value, offering a potential entry point for new investors.
4. Opportunity to Engage with Nitin Bajaj
Following his presentation, Bajaj will engage in a Q&A session led by Citywire’s Gavin Lumsden, allowing investors to ask questions and gain deeper insights into his strategies for navigating Asia’s markets.
This session promises valuable perspectives on how Fidelity Asian Values Fund is positioned to capture Asia’s growth potential in the coming years.
Fidelity Asian Values Fund as a Gateway to Asia’s Growth
With its strong performance track record and Bajaj’s keen eye for value, the Fidelity Asian Values Fund offers an attractive opportunity for investors looking to participate in Asia’s growth story.
Bajaj’s focus on China and conservative approach to India reflect his disciplined investment philosophy, making the fund an intriguing choice for those interested in Asia’s dynamic market opportunities.
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