
Fidelity Asian Values PLC
Last Deal Price (p)
464.00Net Change (%) ↑↓
+0.00Estimated NAV (p)
517.74Prem/Disc (%)
-10.38Source: Morningstar PLC. Share price is delayed by 15 minutes. Net Asset Value (NAV) and discount/premium are estimated.*
Important information: please keep in mind that the value of investments can go down as well as up, so you may get back less than you invest. Past performance is not a reliable indicator of future results. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.
Asia is the world's fastest-growing economic region and Fidelity Asian Values PLC looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.
With more than 18,000 listed companies in Asia - which is more than the rest of the world put together - there is a huge opportunity for a fundamental research driven stock picker who can fully utilise Fidelity's extensive locally based analyst team.
The trust provides shareholders with a diverse and differentiated equity exposure to Asian markets, favouring smaller companies which portfolio manager Nitin Bajaj believes give him the best opportunity to find mispriced businesses, the “winners of tomorrow”, before they become well known.
What sets us apart
A simple investment philosophy
Buying good businesses, run by good people, at a price that provides a good margin of safety.
Investment expertise with local knowledge
An experienced portfolio management team supported by a large local presence in multiple Asian hubs enables us to find opportunities overlooked by the wider market.
Finding Asia’s ‘winners of tomorrow’
With over 18,000 listed companies in Asia, we tirelessly look to uncover hidden gems in these diverse and ever-expanding markets.
News & Insights - Asian Values PLC

Unlocking value in overlooked Asian companies
Nitin Bajaj, portfolio manager of Fidelity Asian Values PLC, reviews the fundamental backdrop facing investors in Asia. He outlines the current value he is seeing among smaller companies, particularly in China and Indonesia, where a combination of factors including attractive valuations, structural growth drivers and market dislocations are creating significant opportunities for investors.
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Focus on Value amidst market momentum
Nitin Bajaj, portfolio manager of Fidelity Asian Values PLC spoke to Citywire’s Gavin Lumsden about the prospects for the Asia Pacific region following the US election and the recent efforts by China to revive its faltering economy.
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Identifying quality across Asia
As markets react to China’s stimulus measures, a robust and disciplined process can help cut through the noise to find quality companies. Nitin Bajaj, portfolio manager for Fidelity Asian Values PLC, discusses his approach to identifying opportunities across Asia and how he is always looking to find quality businesses with strong fundamentals.
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Kepler Research - FAS’s unique positioning could offer investors diversification benefits
Nitin Bajaj and Ajinkya Dhavale, co-managers of Fidelity Asian Values (FAS), aim to provide investors a unique portfolio of smaller-cap equities from across Asia. They look to differentiate the trust by using a bottom-up benchmark agnostic approach to identify potential stocks, combined with a strong valuation discipline.
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Taking a contrarian approach in a momentum driven Asian market
Over the past year, Taiwan and India have been the best performing Asian equity markets over investors’ perceptions of them as growth markets while China’s stock market has been weighed down by weak sentiment. Against this backdrop, Himalee Bahl, Investment Director of Fidelity Asian Values PLC, examines the evolving landscape and highlights why buying stocks with good margin of safety remains core to the Trust’s investment process.
Find out moreWhat’s our approach?
Nitin Bajaj, the portfolio manager, has a straight forward approach. He aims to buy good businesses, run by good people and buy them at a good price. He ignores the macroeconomic noise and concentrates on finding the right businesses to meet his quality and value criteria. In practice this is easier said than done, as finding good businesses demands a high level of skill and requires a great deal of patience to uncover a hidden gem no one else has found.
Nitin has a value-orientated stock-picking approach, based on fundamental research that is coupled with an absolute return perspective. Nitin seeks to identify investments he believes can earn a return of 50% over a three year period, while looking to avoid capital losses.
The portfolio is focused on smaller sized companies, as this is where Nitin sees the greatest opportunity to find mispriced companies, given that this section of the market tends to be less well researched and he thinks the “winners of tomorrow” are more likely to be found here.
By fully utilising Fidelity’s unrivalled locally based research resources in Asia, Nitin is able to find these mispriced companies and to do so before others can.
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Half-yearly report
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News & Insights - Asian Values PLC
Half-Yearly Results for the six months ended 31 January 2025
During the six months ended 31 January 2025, Fidelity Asian Values PLC (“the …
Unlocking value in overlooked Asian companies
Nitin Bajaj, portfolio manager of Fidelity Asian Values PLC, reviews the fund…
Focus on Value amidst market momentum
Nitin Bajaj, portfolio manager of Fidelity Asian Values PLC spoke to Citywire…
Important information
Overseas investments are subject to currency fluctuations. This Investment Trust invests in emerging markets which can be more volatile than other more developed markets. This trust invests more heavily than others in smaller companies, which can carry a higher risk because their share prices may be more volatile than those of larger companies and the securities are often less liquid. This trust uses financial derivative instruments for investment purposes, which may expose it to a higher degree of risk and can cause investments to experience larger than average price fluctuations. The shares in the investment trust are listed on the London Stock Exchange and their price is affected by supply and demand. The investment trust can gain additional exposure to the market, known as gearing, potentially increasing volatility.