Effective from 1 August, the trust will implement a reduction to its annual management charge, down from 1% per annum to 0.9%.
The 0.9% figure will remain in place until Fidelity Asian Values’ gross assets – which currently total £182.5m – exceed £200m. Once the £200m mark has been reached, the AMC will be revised down to 0.85% per annum.
Furthermore, the trust’s board announced that it will be switching its comparative index from MSCI AC Far East ex Japan Index to MSCI Asia ex Japan, though this will have no bearing on the trust’s portfolio and is purely for analysis purposes.
Kate Bolsover, Fidelity Asian Values chair, cited increasing market competitiveness as a driving factor behind the introduction of the new price structure.
“We regularly review our fees to ensure they remain competitive, particularly following the Retail Distribution Review which has resulted in changes to pricing.
“Both the Board and Fidelity believe that this change will be attractive to new investors considering Fidelity Asian Values PLC and this will be to the benefit of investors in the Company overall.”
Since inception in June 1996, Fidelity Asian Values has delivered a performance of 168.82% against a sector average of 188.37%.
