FCSS/ Fidelity China Special Situations – a brilliant way to invest in the growth of the Chinese economy

Fidelity China Special Situations  FCSS  Latest: 373p  New entry 

The charts below are taken from the 31 March 2020 annual report for FCSS. They paint a vivid picture of the incredible transformation of the Chinese economy, which has taken place over the last 20 years. Even in the last decade the change has been dramatic with the number of mass affluent rising from six per cent of the population to 51pc and high net worth individuals rising from two per cent to six per cent. It's like the transformation of wealth that took place in Victorian England in the 19th century but instead of taking a century it has happened in one or two decades.