Fidelity China Special S... Share Discussion Threads

[whizzy1] 08/2/2011 22:17

Managers short 'weak' China
"Retail funds have joined a growing hedge fund trend to effectively 'short' China, or play positions that benefit from a downturn in its prospects"



"While Mr Bolton has the ability to go short in 15 per cent of his fund, Fidelity could not confirm whether he is using this capability"

[uhound] 08/2/2011 17:31

I'm sure in the long term this will prove to be a good investment, however in my opinion you can make more money holding elsewhere.

Very dissapointing share price performance.

[roman2325] 08/2/2011 17:10

Guess that explains why no institutions have touched it..

[whizzy1] 08/2/2011 17:07

Dear Anthony, the laymans term for what you have done to this fund (and our money) is called "a fu%k up".

[whizzy1] 01/2/2011 17:25

Nav of 106p, but Mr B, earns more fee's with the "C"(Cheeky) shares as they are now known as.
Awful looking charts too.

[woodpecker25] 01/2/2011 10:15

AB is only running this for another 2 years. The statement therefore implies that they are free to dilute further once he leaves.

[ted32] 01/2/2011 09:57

goathed

Tell that to those in parliment.

[goatherd] 31/1/2011 18:33

But not when you have said you won't. Its called honesty!

[roman2325] 31/1/2011 18:09

Believe that you'll believe anything

Investment trust managers make more money by bringing in more fees - you launch a C share as often as you physically can

[smicker] 31/1/2011 15:17

No more dilution

[roman2325] 27/1/2011 08:59

Agreed - this is only going lower

[woodpecker25] 27/1/2011 08:52

That maybe true (particularly more mgmt fees for Fidelity!)but I'd rather not be holding whilst they wait for the share price to fall below 109 (the current NAV is 108.9).

[woodpecker25] 27/1/2011 08:33

GLA. I sold out yesterday, partly due to the short term risks with China but mainly due to Fidelity's stance of not wanting the share price to trade at a premium to NAV.

[bluesbeater] 25/1/2011 12:29

110 looks a certainty now, but will it get back to ipo?

[roman2325] 25/1/2011 12:03

Nasty NAV - I'll be a buyer sub £1

[rocketblast] 25/1/2011 11:03

still above value at these prices..... £1 is a give away so top up if u can as i will.....

[whizzy1] 24/1/2011 17:22

Started buying FCSS in the ISA 9 months ago average @107, bought more @115.70 sold @117 ish.
Bought SDY today in ISA @28.38 they were up 5.4% at the time of print, up 1.8% close. You think i'm bonkers? As soon as they hit 35 I'm out.
P.S
Been in & out of SDY a few times.
Large holder in KENZ since IPO,(3+ bagger)chart looks like a jet taking off.
Good luck all, to slow for me here.

[roman2325] 24/1/2011 09:45

Whizzy - I agree entirely with your argument - just out of interest what did you buy elsewhere?

[whizzy1] 24/1/2011 08:53

REASON ;
Every time we got a good run, AB watered down the stock, so what will prevent him from doing it again on the next leg up?
Gone for a recovery play elsewhere, & infact made more cash (on paper) in 3 mins than I did during my holding from 9 months in this.

[roman2325] 24/1/2011 08:26

Thought everyone was in this for the long-term?

[whizzy1] 24/1/2011 08:15

Sold my entire holding.

[madengland] 21/1/2011 13:50

I sold out, may aswell use option to buy back at nav if the time is right. Like the long term, twitchy about short term

[madengland] 19/1/2011 10:30

Nothing to do with more fees then