Register to get unlimited access to all of Citywire’s fund manager database. Registration is free and only takes a minute.

Fidelity Funds - China Consumer A-ACC-USD

Ranked 78 out of 144 in - Greater China over 12 months
All calculations are in USD unless stated

Managed by

Raymond Ma

Raymond Ma is a portfolio manager at Fidelity Worldwide Investment in Hong Kong. He joined the firm in 2006 as an investment analyst and prior to this, he worked at BNP Paribas Peregrine in Shanghai between 2000 and 2006. Raymond uses a long-only investment style across the chinese equity mandates he runs. He graduated from the Fudan University in Shanghai with a degree in Law.


The fund aims to achieve long-term capital growth through investing primarily in the shares of companies having their head office or a main part of their activities in China or Hong Kong. These companies are involved in the development, manufacture or sales of goods or services to consumers in China. The fund may invest its net assets directly in China A and B Shares.

Showing fund performance globally. You can view performance in individual jurisdictions.


Greater China over : 31/10/2017 - 31/10/2018

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 0.5% -1.6% -10.2%
2017 52.9% 13.6% 10.7% 11.1% 9.4%
2016 0.3% -2.7% -1.5% 14.4% -8.5%
2015 -3.1% 7.7% 4.0% -19.6% 7.6%
2014 0.1% -4.2% 1.1% -1.6% 5.0%
2013 27.6% -0.7% 0.2% 15.4% 11.2%
2012 21.0% 10.0% -4.7% 7.2% 7.7%
2011 6.2% -19.0% 2.6%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
Alibaba Group Holding Ltd DR 8.32%
Tencent Holdings Ltd ORD 6.48%
China Mobile Ltd ORD 5.97%
AIA Group Ltd ORD 5.95%
HKD Cash 4.69%
Ping An Insurance Group Co of China Ltd ORD 4.56%
China Life Insurance Co Ltd ORD 3.25%
Baidu Inc DR 3.23%
China Unicom Hong Kong Ltd ORD 2.66%
Sands China Ltd ORD 2.37%

Registered For Sale In

  1. Austria
  2. Belgium
  3. Chile
  4. Czech Republic
  5. Denmark
  6. Finland
  7. France
  8. Germany
  9. Guernsey
  10. Hong Kong
  11. Hungary
  12. Iceland
  13. Ireland
  14. Italy
  15. Jersey
  16. Korea
  17. Liechtenstein
  18. Luxembourg
  19. Macau
  20. Malta
  21. Netherlands
  22. Norway
  23. Oman
  24. Poland
  25. Portugal
  26. Qatar
  27. Singapore
  28. Slovakia
  29. Spain
  30. Sweden
  31. Switzerland
  32. Taiwan
  33. United Kingdom

Fund Info

  • Launch date23/02/2011
  • Share Class size638Mn
  • Base currencyUSD
  • ISIN LU0594300179

Purchase Info

  • Min. initial investment2,500
  • Min. regular additional investment0


  • Annual management1.50%
  • Initial investment5.25%

Related News

Fidelity hands Asia fund to veteran as A-rated manager exits

Greater China equity specialist assigned to country-specific fund following departure of existing lead.

Fidelity star Ma: China’s consumer services set to explode in 2015

Citywire A-rated manager believes service-focused sectors will propel growth of Chinese market in coming year.

Shopping smart: Fidelity's Ma on tapping China's hottest new trends

Plastic surgery, running shoes and stock exchange tie-ups, Fidelity’s $2bn consumer specialist set outs the changing tastes in New China

Fidelity China star Ma rebuilds telcos bet in $2bn consumer fund

Citywire A-rated manager adds to previously unloved sector despite focusing attentions on ‘new China’ plays.

Fidelity's Ma: five growth drivers for Chinese equities

Citywire A rated manager says higher valuations for these sectors are justified by solid fundamentals.

Fidelity hands $400m Greater China fund to consumer specialist

Investment firm announces change on Luxembourg-domiciled fund as existing manager steps down after 22 years with firm.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in USD).