What happens when a mild fund manager superhero takes on the rampaging, maniacal Chinese equity market monster? Look away, kids: Anthony Bolton never stood a chance. This week another holding in Fidelity’s £500m China Special Situations Fund was squashed. Ports Design plunged by one-third as it became embroiled in a corporate governance scandal. That follows a 54 per cent fall during the past year in another of Mr Bolton’s recent holdings – Gome, the Chinese electronics group.
當一位性情溫和的基金行業超級英雄與發了瘋、橫衝直撞的中國股市「怪獸」遭遇時,會出現什麼結果?別看了,孩子們:安東尼•波頓(Anthony Bolton)一點機會也沒有。富達(Fidelity)旗下的「中國特殊情況基金」(Fidelity China Special Situations)管理著5億英鎊資產。本週,該基金持有的股票中又有一隻折戟沉沙。因捲入一樁公司治理醜聞,寶姿(Ports Design)股價下挫三分之一。先前,波頓最近持有的另一隻股票中國電器集團國美(Gome)股價在過去一年累計下跌54%。