FIDELITY ASIAN VALUES PLC

Report Publication Announcement • Oct 30, 2018

National Storage Mechanism | Additional information

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RNS Number : 7739F

Fidelity Asian Values PLC

30 October 2018

London, UK, 30 October 2018

Edison initiates coverage on Fidelity Asian Values (FAS)

Fidelity Asian Values (FAS) is managed by Nitin Bajaj, who aims to generate long-term capital growth by finding 'good businesses' run by 'good management teams' that are available at a 'good price'. The manager also aims to protect capital in periods of stock market weakness. Portfolio positions are only initiated after thorough fundamental research, which enables the manager truly to understand the businesses in which he invests. Bajaj's approach is unconstrained and FAS's NAV has outperformed its benchmark MSCI AC Asia ex-Japan index over five and 10 years, while its share price has outperformed over one, three, five and 10 years. The trust's annual distribution has grown in the last four consecutive financial years; its current dividend yield is 1.5%.

FAS's discount has been in a narrowing trend since the beginning of 2016, and the trust now often trades at a small premium. Its current 1.6% share price discount to cum-income NAV compares with the range of average discounts over the last one, three, five and 10 years of 3.5% to 9.0%. FAS pays a single annual dividend and offers a 1.5% yield.

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Mel Jenner, +44 (0)20 3077 5720

Sarah Godfrey, +44(0)20 3681 2519

investmenttrusts@edisongroup.com

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