Fidelity Asian Values (FAS)

Sector:

Investment Firms

Index:

FTSE Small Cap

397.50p
   
  • Change Today:
      1.50p
  • 52 Week High: 457.50
  • 52 Week Low: 390.00
  • Currency: UK Pounds
  • Shares Issued: 75.58m
  • Volume: 59,730
  • Market Cap: £300.43m
  • RiskGrade: 54
  • Beta: 0.50

ISA themes 2009: Investing in Asia

Date: Friday 03 Apr 2009

The global nature of the current economic downturn is evident everywhere but Asia could be better placed to deal with the tough conditions than the West.

Asia’s not been immune from the economic turbulence, succumbing to the negative effects of falling export demand and consumption.

Hopes of Asia “decoupling” itself from the West have been pretty much dashed as the crises shows how inter-linked the global markets and economies are; it effects everyone to a certain degree.

But Asian countries have certain characteristics that put them in a stronger position. Rather than spend wantonly like the West, the Asian nations tend to save more and have less debt, putting them in a better position to undergo a recovery sooner.

Matthew Dobbs, Manager, Schroder Asian Funds said recently, “With high savings rates and generally low levels of debt, Asia has the resilience to weather a difficult global environment, and we see some genuine long-term value emerging.”

Since the turn of the year, Asian stock markets have performed better than their Western counterparts. The Japanese Nikkei and Hong Kong’s Hang Seng are down only 3% and 6% respectively so far, while London’s Footsie is down 11% and the Dow Jones has slid 13%.

“Fundamentally, Asian economies are on a strong footing. National, corporate and personal debt levels are low, compared to the West. Governments have deep pockets to pump prime, backed by strong foreign reserves. In the wake of the Asian financial crisis in the mid nineteen nineties, most banks are now well capitalised. Their focus on a traditional originate-and-hold lending model has shielded them well from exposure to toxic financial assets,” said Aberdeen Asian Income Fund recently.

China is seen as a key growth driver by many in the next decade and some are even optimistic about Japan, even though it has had a turbulent time in the last few years.

“Valuations such as cyclically adjusted p/e ratios are at record lows and much of the market is trading below book. Whilst the immediate outlook is not clear, the Managers have been finding more companies to buy than sell,” said Baillie Gifford Japan.

Over the next 6 to 12 months Asian markets are likely to remain volatile as weakening export earnings dampen domestic demand but there are bargains to be had.

“Although market upside is constrained by weak global growth and the operating environment will undoubtedly remain challenging, cheap valuations are emerging and government stimulus policies should provide support. There should be good opportunities for the adroit stockpicker,” said Fidelity Asian Values.

Investors looking at gaining exposure in the Asian market can do so through an Investment Trust ISA. There are a number of investment companies offering ISAs, including Schroder Asian Funds, Aberdeen Asian Income, Baillie Gifford Japan and Fidelity Asian Values.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FAS Market Data

Currency UK Pounds
Share Price 397.50p
Change Today 1.50p
% Change 0.38 %
52 Week High 457.50
52 Week Low 390.00
Volume 59,730
Shares Issued 75.58m
Market Cap £300.43m
Beta 0.50
RiskGrade 54

FAS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.93% below the market average43.93% below the market average43.93% below the market average43.93% below the market average43.93% below the market average
8.33% below the sector average8.33% below the sector average8.33% below the sector average8.33% below the sector average8.33% below the sector average
Price Trend
1.52% below the market average1.52% below the market average1.52% below the market average1.52% below the market average1.52% below the market average
31.89% below the sector average31.89% below the sector average31.89% below the sector average31.89% below the sector average31.89% below the sector average
Income
36.8% below the market average36.8% below the market average36.8% below the market average36.8% below the market average36.8% below the market average
31.25% above the sector average31.25% above the sector average31.25% above the sector average31.25% above the sector average31.25% above the sector average
Growth
88.57% above the market average88.57% above the market average88.57% above the market average88.57% above the market average88.57% above the market average
86.94% above the sector average86.94% above the sector average86.94% above the sector average86.94% above the sector average86.94% above the sector average

FAS Dividends

  Latest Previous
  Final Final
Ex-Div 24-Oct-19 11-Oct-18
Paid 11-Dec-19 17-Dec-18
Amount 8.80p 5.50p

Trades for 11-Dec-2019

Time Volume / Share Price
16:05 500 @ 397.51p
16:05 164 @ 397.51p
16:04 2,000 @ 397.51p
16:03 163 @ 397.20p
16:00 979 @ 396.64p

FAS Key Personnel

Chair Kate Bolsover

Top of Page