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Annual Results

Fidelity Japanese Values NAV up 20.5%

22 March 2017 07:49

Fidelity Japanese Values said its net asset value performance ranked in first place, against peers, for the year to the end of December with a total return of 20.5%.

It said the appointment of portfolio manager Nicholas Price, with a focus on bottom up research into small and medium sized companies, had led to a marked improvement in performance.

The company also said the ongoing charge had been reduced from 1.52% to 1.46%.

Chairman David Robins said: "The board has been very focused on improving the performance of the company, believing that this, coupled with increasing interest in Japan itself, will make the company more appealing to existing and potential investors.

"To this end, the board and Fidelity changed the portfolio manager in 2015 and introduced Nicholas Price.

"His particular focus on bottom up research into small and medium sized companies, identifying those with above average growth potential at a reasonable valuation, has led to a marked improvement in performance.

"The board believes that the company is now well positioned to offer a sharp focus to those investors seeking differentiated exposure to the Japanese market."

Story provided by StockMarketWire.com

Related Company: FJV

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