Fidelity's Bolton admits bad China bets, but stays bullish
The star fund manager, whose China Special Situations Fund is down 29% since inception, has been hurt by accounting scandals in small caps, but resolutely keeps the portfolio unchanged.
Fidelity fund manager Anthony Bolton, whose star has fallen somewhat after his China Special Situations Fund lost over 20% since inception last April, has admitted he made bad bets on China stocks last year.
But the grandly titled president of investment for Fidelity Worldwide Investment has nevertheless opted to keep his portfolio unchanged, therein maintaining high exposure to volatile small caps.
“I was wrong last year to be optimistic,” Bolton concedes during Fidelity’s medi…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.