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Fidelity Asian Values exceed benchmark

By BFN News | 10:30 AM | Tuesday 27 September, 2011


The net asset value per share rose 19.3% at Fidelity Asian Values in the year ending July 31 2011. Its benchmark, the MSCI All Countries (Combined) Far East ex Japan Index (Benchmark Index), rose by 16.3%. The company says that Asian markets have dropped sharply in response to recent developments in the US and in the European Union, as they remain correlated to the West, but the region's economy is significantly less reliant on the West than in the past. It believes that Asia's healthy financial system, robust domestic demand, low debt levels and high savings rates will continue to support a multiyear growth cycle. At 10:30am: (LON:FAS) Fidelity Asian Values share price was +3.38p at 177.13p Story provided by StockMarketWire.com

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