InvestmentsMar 15 2013

Fidelity to cut fees on Bolton China trust

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by

Anthony Bolton’s £780m Fidelity China Special Situations investment trust is slashing its annual management fees from 1.5 to 1.2 per cent.

The change will take place effective on April 1 and all other fees will remain unchanged, the trust’s board said.

The trust’s share price has risen by 7.6 per cent since the start of the year, but it has been hit by heavy losses since its launch in April 2010.

Investors who bought into the trust at launch are still 6 per cent worse off on a share price total return basis.