Fidelity China Special Situations
Fidelity China Special Situations (LSE: FCSS) is a large British investment trust dedicated to long-term investments in China. Established in 2010, the company is a constituent of the FTSE 250 Index. The chairman is John Owen. The fund is managed by Dale Nicholls of Fidelity Worldwide Investment.
Launched with much publicity over the stock-picking skills of Anthony Bolton, the launch, in April 2010, which attracted £430 million in investment, was one of the largest ever. A further £150 million followed with a second placing soon after. Since then the fund attracted a great deal of criticism due to its poor performance in 2011. Anthony Bolton was succeeded as Portfolio Manager by Dale Nicholls on 1st April 2014. 
The firm reduced its annual management charge to 1.0% of net assets from 1st April 2014, at the same time as removing the commission paid to financial advisers. 
In addition, a performance fee is payable if the fund outperforms the MSCI China Index by more than 2%. The value of the fee is 15% of any outperformance, to a maximum of 1.0%.
- Investing. "Anthony Bolton to stay on to try to recoup losses". Telegraph. Retrieved 2012-04-21.
- "Anthony Bolton apologises for China fund's poor performance". Telegraph. Retrieved 2012-04-21.
- "Dave Nicholls replaces Anthony Bolton as Portfolio Manager". Citywire. Retrieved 2013-12-19.
- "FE Investigate Fidelity China (FCSS)". http://www.investegate.co.uk/. Retrieved 2014-06-06.
- "summary". fundweb.co.uk. Retrieved 2014-03-09.
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