- Fidelity China Special Situations Plc (LON: FCSS) has released its unaudited half-yearly results for the six months ended 30 September 2019.
- The company’s Net Asset Value (NAV) per share total return was of -5.9 per cent in the 6 months to 30 September 2019 compared to the Benchmark Index - the MSCI China Index total return of -3.3 per cent.
- The underperformance was due largely to gearing and a larger than Benchmark weighting in small and medium-sized companies.
- The Company’s Share Price total return was -6.0 per cent, though despite the 6-month weak returns, the NAV and Share Price performance (on a total return basis) over five years, and since launch, remain well ahead of the Benchmark Index.
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