Investment Strategy
Fidelity China Fund leverages local first-hand research to seek out the best opportunities in both the developed market of Hong Kong and the developing market of mainland China.
Fidelity China Fund
Performance
Annual compound performance – as at 31-Dec-2011
| Fund | Morningstar Quartile* |
Benchmark | |
| 1 month | -5.11% | 3 | 2.63% |
| 3 month | 1.68% | 4 | 5.86% |
| 6 month | -16.79% | 2 | -14.59% |
| 1 year | -19.44% | 2 | -16.27% |
| 2 year | -9.93% | 2 | -8.85% |
| 3 year | 5.41% | 1 | 5.70% |
| 5 year | 0.34% | 1 | 0.36% |
| 7 year | — | — | — |
| 10 year | — | — | — |
| YTD | -19.44% | 2 | -16.27% |
| Since Inception | 6.88% | — | 7.17% |
Calendar year performance – as at 31-Dec-2011
Growth of $10,000 since inception – as at 31-Oct-2011
Fund risk measures – as at 31-Dec-2011
| Fund | Benchmark | |
| Annual Standard Deviation | 17.89 | 19.33 |
| Beta | 0.84 | — |
| R² | 0.83 | — |
Risk measures are based on 3-year net returns (series B). (All returns are calculated in Canadian currency.)
Volatility meter
The volatility meter uses methodology recommended by the Fund Risk Classification Task Force of the Investment Funds Institute of Canada. The Task Force prescribes risk assessment based on historical volatility risk as measured by the standard deviation of fund performance. The Task Force also acknowledges that other types of measurable and nonmeasurable risk may exist. The Task Force reminds investors that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.
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Fund facts
NAVPU – Series B
$16.27 – as at 03-Feb-2012
Fund inception date
08-May-2006
Fund benchmark
MSCI China Index Capped 10%
Fund aggregate assets (all series)
$113.7 million
as at 31-Jan-2012
Management expense ratio - Series B
2.42% – as at 30-Sep-2011
Quarterly Top Ten Holdings
| Industrial & Commercial Bank of China | |
| Tencent Holdings | |
| China National Offshore Oil Corp. (CNOOC) | |
| Belle International Holdings | |
| China Mobile | |
| Ping An Insurance | |
| China Petroleum & Chemical | |
| China Construction Bank | |
| CHINA UNICOM (HONG KONG) LTD | |
| YANTAI CHANGYU PIONEER WINE B | |
| Total number of holdings | 114 |
| Top 10 holdings aggregate | 48.0% |
Allocation to funds