Fidelity Asian Values Manager Cautious on Rebound

The fourth quarter of 2018 was an unusually fertile one for the manager of Bronze-rated Fidelity Asian Values, Nitin Bajaj, but 2019's bounce has made him wary

David Brenchley 17 April, 2019 | 11:39AM

Bangkok, Thailand, Asian stocks, Chinese stocks, stock market, A-Shares

After an unusually busy three months to end 2018, which he spent snapping up bargain stocks, Nitin Bajaj, manager of the Morningstar Bronze-rated Fidelity Asian Values (FAS), is back in cautious mode as valuations across Asia start to ramp up once more.

Asian markets have seen a V-shaped rebound in 2019 to date, after a tough 2018 that saw a sharp sell-off on concerns over trade, a slowing Chinese economy and US Federal Reserve policy and a resurgent oil price.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alibaba Group Holding Ltd ADR218.04 USD-0.26
Fidelity Asian Values Ord317.00 GBX-0.94

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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