Fidelity China Special Situations issue
Fidelity China Special Situations issue
Author
Discussion

Cogcog

Original Poster:

11,838 posts

251 months

Tuesday 18th January 2011
quotequote all

I currently have shares in the Fidelity China SS and have been offered shares as a result of the new shares issue.

Anybody else considering buying?

curley

436 posts

235 months

Monday 24th January 2011
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Well i was but based on the silence in response to the question i am wondering !


worsy

6,249 posts

191 months

Wednesday 26th January 2011
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Yes I do, on the basis I buy at £1 and they will be worth 1.12 according to current values.

Shnozz

29,232 posts

287 months

Wednesday 26th January 2011
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Is this the fund managed by Anthony Bolton? I think it might be the one being pushed by Hargreaves Lansdown at the moment that I had a brief look at recently.

I've made very good returns in my SIPP in China in the last few years but must say that I recently cashed in entirely due to various commentary that I have read of concerns of a bust. In contrast, I've retained my similar performing India funds. I'm not savvy enough to give a detailed analysis of what I have read, suffice to say a lot of talk of it overheating.

worsy

6,249 posts

191 months

Wednesday 26th January 2011
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Certainly the current high growth has inflationary pressures, and coupled with the artificially low ex rate there is talk of growth being lower than what has been seen.

Oi_Oi_Savaloy

2,314 posts

276 months

Thursday 27th January 2011
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But if considered over the long term - 15 years plus say - surely China has wonderful growth potential? So too India but surely China has good potential?


Cogcog

Original Poster:

11,838 posts

251 months

Thursday 27th January 2011
quotequote all
Oi_Oi_Savaloy said:
But if considered over the long term - 15 years plus say - surely China has wonderful growth potential? So too India but surely China has good potential?
Piece on the radio was saying that 5-10 years would be Ok. There is concern that the bubble will burst in the short term.

jeff m

4,066 posts

274 months

Friday 28th January 2011
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China has spectacular growth.
That is their problem because with growth comes inflation. For the mega rich that isn't a problem but for the ordinary Chang (Joe) essentials go up in price leaving less for discretionary spending (luxuries) and the growth cycle slows. Earnings do not reach estimates and then there is a correction.
With every correction the panic sellers get burnt and that money does not return to the market.

Most people will sit through a correction.

A reason for selling China or India today would be if it were too high a percentage of your total portfolio. Single country fund and all thatsmile

I have "trimmed" mine a couple of times.

The alternatives are 1% growth in the UK or 2% in US.

So.....if you think you are underweight in China take up the issue, if not, don't.

Note: An issue generally means that you will own a lower percentage of the total fund. Usually not an issue for us mortalsbiggrin Percentage of your total investments much more important.

curley

436 posts

235 months

Monday 7th February 2011
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Well , im in

Market likely to crash tomorrow !!!

Shnozz

29,232 posts

287 months

Monday 7th February 2011
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curley said:
Well , im in

Market likely to crash tomorrow !!!
Ditto! Despite what I said earlier in the thread! Only a v small part of my SIPP though but figured 30 years from retirement should be enough to weather the short term trough that might occur.

QED87

458 posts

222 months

Friday 11th February 2011
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Has anyone else gone in? NAV close to original issue price in anticipation of the share distribution. Shareprice hovering around 106. I've lost a bit of money on these and today is the day I must decide whether I go for this latest issue. My gut says no and sell the rest when I recoup the loss. I'm not sure about Bolton.

Anyone else have thoughts?

worsy

6,249 posts

191 months

Friday 11th February 2011
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Am in at about 10k now. But 6p is a 6% return for me.