Fidelity China Special Situations Plc

Fidelity China Special Situations Plc

Sector: Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices Region: United Kingdom

: | London Stock Exchange: FCSS

Fidelity China Special Situations PLC is a Closed-End Investment Fund/Investment Trust. The Portfolio Manager, Dale Nicholls, invests in the growing Chinese economy and the portfolio is weighted towards internal consumption with a focus on small and mid-cap companies.

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Dale Nicholls discusses his investment process

Fidelity China Special Situations Plc video

Dale Nicholls discusses his investment process

Fidelity China Special Situations Plc video

What is an ISA? By Tom Stevenson Fidelity Investment Director

Fidelity China Special Situations Plc video

Tom Stevenson visits China and meets with Anthony Bolton


John Owen, CMG MBE DL (Chairman)
Mr Owen has enjoyed careers in both the diplomatic service and industry. He served in the diplomatic service for 30 years until his retirement in 1999, serving in Indonesia, Vietnam, France, El Salvador, Iran, Brazil, China and London. Mr Owen was British Consul General in Boston, USA from 1992 to 1995, and Governor of the Cayman Islands from 1995 to 1999. He also worked in industry for seven years. Mr Owen is currently chairman of several companies including Iceman Capital Advisors Limited, an investment advisory company specialising in investment in the developing markets of Asia. He has a number of directorships including Queensgate Bank Limited and Queensgate Trust Company Limited. Mr Owen is also chairman of the Friends of Cayman in London. He is an Honorary Fellow of the University of Wales and also a Deputy Lieutenant of the County of Isle of Wight.
Nicholas Bull, FCA (Senior Independent Director and Chairman of the Nomination and Remuneration Committee)
Mr Bull is chairman of hotel group De Vere and chairman of the Advisory Board of City stockbroker Westhouse Securities. He is also a Member of Council of the University of Exeter, a trustee of the Design Museum and deputy chairman of the trustees of the Conran Foundation. Previously Mr Bull worked for 30 years as a corporate fi nance practitioner with Morgan Grenfell (subsequently Deutsche Bank), Société Générale and ABN AMRO in London, Sydney, Singapore and Hong Kong. He is a qualifi ed chartered accountant.
David Causer, FCA (Chairman of the Audit Committee)
Mr Causer is a non-executive director and audit committee chairman of Schroder Income Growth Fund plc, an investment company listed on the London Stock Exchange. He is a qualifi ed chartered accountant and a member of the Securities Institute. Mr Causer has held a number of senior positions within fi nancial services organisations, including as fi nance director of Mercury Asset Management Group plc and as a managing director of Merrill Lynch Investment Managers until 2001. He was fi nance director of The British Red Cross Society until December 2007. He is a trustee of a number of charities and of a pension fund.
The Hon. Peter Pleydell-Bouverie, DL (Chairman of the Investment Committee)
Mr PleydellBouverie is an investment professional with over 30 years of investment experience, particularly in the Far East and emerging markets. His current non-executive positions include acting as a trustee on investment committees for family and charitable trusts. He is also a Deputy Lieutenant of the County of Wiltshire. Previously, Mr Pleydell-Bouverie spent ten years with FIL where he was investment director until 1996, managing Japanese-focused unit trusts, off shore funds, pension funds and the Fidelity Emerging Markets Fund. Prior to this, he was an associate director at Kleinwort Grieveson Investment Management and fund manager at Grieveson, Grant and Co, where he also managed Asia-focused investment funds.
Elisabeth Scott, Additional Director
Ms Scott worked in the asset management industry in Hong Kong from 1992 to 2008, where she was managing director and country head of Schroder Investment Management (Hong Kong) Limited and chair of the Hong Kong Investment Funds Association. Ms Scott is also a non-executive director of Pacifi c Horizon Investment Trust PLC and Dunedin Income Growth Investment Trust PLC
Andrew Wells, Global Chief Investment Officer
Mr Wells is FIL’s Global Chief Investment Offi cer, Fixed Income, leads FIL’s Investment Solutions Group (ISG) and has been a member of FIL’s Global Operating Committee since November 2010. Mr Wells has over 20 years of investment experience, particularly in Asia, having worked as a portfolio manager in FIL’s Hong Kong offi ce from 2002 becoming FIL’s Chief Investment Offi cer for Asian Fixed Income in 2005. In 2007, Mr Wells became Global CIO Fixed Income for FIL, responsible for developing the fi xed income investment process, team and structure. All the Directors are non-executive directors and all are independent, with the exception of Andrew Wells.

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