Anthony Bolton's Fidelity China Special Situations investment trust has jumped up the performance charts after a stellar year which saw it return three times its benchmark index.
Following a surge in returns in the last six months - which saw the trust's NAV climb 10.9% and the share price rise 6.3%, versus the MSCI China index loss of 1.9% - the trust has trebled gains made by the index over the last year. The latest report from the trust revealed a total return in NAV terms of 36.8% in the last year, with shares up 35%. This compares to the index return of 12.4%. The stellar performance means the trust - which has come in for criticism from a number of commentators - has delivered 10.1% in NAV terms since launch, versus a 0.6% loss for the index, though shar...
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