This UK investment trust delivered 20% share price growth in 12 months

Fidelity

Fidelity Asian Values plc (LON:FAS) has announced its monthly summary for November 2024.

Portfolio Manager Commentary 

UK equities recovered in November, bouncing back from October’s weakness as investors weighed the trade implications of Donald Trump’s re-election and China’s new stimulus measures. Central banks continued with their dovish stance, with the US Federal Reserve (Fed) cutting interest rates by 25 basis points during the month. However, the Fed signalled a slower pace of future rate reductions, supported by stronger-than expected economic growth and a resilient labour market. The Bank of England followed suit, cutting its base rate by 25 basis points to 4.75%.  

Despite their improved performance over recent years, UK equities still look cheap relative to other markets, and reasonable on an absolute basis. We believe that the combination of attractive valuations and the large divergence in performance between different parts of the market create good opportunities for attractive returns from UK stocks on a three-to-five-year view. Although the UK market continues to remain largely unloved by domestic investors, its attractive valuations are being recognised by other market participants such as overseas corporates and private equity firms who have been amongst the biggest bidders in the UK market. Underlining this interest has been the sharp spike in M&A activity which typically benefits the Trust given our focus on attractive valuations.  

On a rolling 12-month basis, the Trust recorded NAV and share price returns of 21.2% and 19.7% respectively, compared to 15.7% for the index

Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

Outlook and strategy for UK investing in 2026

Alex Wright, portfolio manager of Fidelity Special Values PLC, sets out his outlook for 2026 and explains why UK equities continue to offer attractive valuation opportunities.

FTSE 100 reaches 10,000 as retail and energy stocks drive coordinated shift

The FTSE 100 has passed 10,000 with support from retail, energy and defence stocks.

Fidelity Special Values reports seventh consecutive monthly gain (LON:FSV)

Fidelity Special Values has released its November 2025 factsheet, reporting 12-month NAV and share price returns of 24.4% and 32.7% respectively, outperforming the benchmark amid a cautious but improving UK market backdrop.

FTSE 100 builds momentum as monetary outlook evolves

Investor attention is returning to the UK as the Bank of England signals a shift in direction, opening new tactical opportunities across the FTSE 100.

Defence stocks take the lead as investors pull back from consumer names

A sector rotation is taking shape in the FTSE, as defensive names and operational clarity draw renewed investor focus.

Hamish Baillie appointed a NED at Fidelity Special Values from 1 Jan 2026

Fidelity Special Values has appointed Hamish Baillie as a non executive director from January 2026. He will also join the Board’s Audit, Management Engagement and Nomination Committees.

Search

Search