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Fidelity Asian Values beats benchmark

27 March 2015 08:36

Fidelity Asian Values beat its benchmark in the six months to the end of January.

The company's net asset value rose by 9.2% on a total return basis compared with an 8.2% rise in the MSCI All Countries Far East ex Japan Index.

Fidelity Asian Values said the board has has for some time considered the appropriateness of the MSCI All Countries (Combined) Far East ex Japan Index given that this index excludes India and Australia.

Fidelity Asian Values points out that it is the only closed ended fund in its peer group to adopt this benchmark as its reference index. With these factors in mind the board has decided that the MSCI Asia Pacific Ex Japan index (which includes both India and Australia and is widely used within the peer group) is more appropriate for performance comparison purposes and will be adopted from 1 August.

At 8:36am: (LON:FAS) Fidelity Asian Values Plc share price was +2.5p at 259.5p

Story provided by StockMarketWire.com

Related Company: FAS

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