LONDON (Alliance News) - Fidelity Asian Values PLC Wednesday said it outperformed its benchmark in the recent three-month period, with both the board of the investment company and its managers reiterating their belief that investment in equities will produce "strong returns" for shareholders over the long term.
In a statement, Fidelity Asian Values said its net asset value, with debt at par value, on a total return basis, rose by 3.42% over the quarter ended April 30, while the MSCI All Countries (Combined) Far East Free (Excluding Japan) rose by 1.93%.
Fidelity Asian Values shares were Wednesday quoted at 216.75 pence, down 0.5%.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Fidelity Asian Values (FAS)