Fidelity Cuts Investment Trust Fees

Charges have been cut on Anthony Bolton's volatile Fidelity China Special Situations closed-end fund, as well as Fidelity Japanese Values trust

Emma Wall 19 March, 2014 | 11:45AM
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Investors in Fidelity China Special Situations (FCSS) will have fees cut from April 1 this year. The board of the trust, run by star manager Anthony Bolton, has announced annual management charges will be cut from 1.2% to 1%.

Earlier this year the board cut the performance fee on the trust – and they have furthered this move by announcing the performance fee cap will be reduced from 1.5% in any given year to 1%. 

The annual fee on Fidelity Japanese Values (FJV) has also been cut retrospectively from 1% to 0.85%, from January 1 2014.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Fidelity China Special Ord306.56 GBP-1.43Rating
Fidelity Japan Trust Ord230.15 GBP-2.48Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar