Nitin Bajaj, manager of True Asian values (FAS), will be on Citywire on November 20 at 3pm for an hour-long broadcast exploring the outlook for the Asia-Pacific region following the US elections and China’s recent efforts to revive its flagging economy discussed.

Titled ‘Focus on value amid market momentum’, Bajaj will explain why he is overweight China, with almost 39% invested in the mainland and Hong Kong.

By contrast, the contrarian value investor is underweight India, which accounts for less than 15% of the fund, which is less than half of its 33.5% presence in its benchmark, the MSCI Asia Pacific Ex Japan Small Cap index .

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Time to buy

Bajaj (above), manager of the £409m portfolio for more than nine years, says he finds it easier to find good, undervalued companies in China than in India, where he worries about valuation after a strong run on the stock market.

Although conditions in China look difficult and consumer confidence has been weakened by the real estate crisis, he firmly believes that now is the time to buy.

After his presentation, Bajaj will be interviewed by Citywire’s Gavin Lumsden, followed by time to question the fund manager in Q&A at the end of the session.

Since its launch in 1996, Fidelity Asian Values ​​has delivered shareholders 7% annualized growth, higher than the benchmark’s 6%. In absolute terms, it had returned 578.9% as of September 30, better than the 415% against its benchmark. The shares are currently 12% below net asset value, wider than the annual average discount of 9%.

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