Outgoing manager Anthony Bolton talks to his successor Dale Nicholls about the future strategy of the Fidelity China Special Situations investment trust.
Bolton steps down from the £510m trust in April as he retires from fund management, handing the portfolio to Nicholls, manager of the group's Pacific fund.
Nicholls has a small-cap bias on his own Asia portfolio, in keeping with the strategy Bolton has been using on the investment trust.
He discusses his plan to take the fund forward and improve performance, while Bolton reflects on three years running money in China, an experience which has been "more challenging" than he expected.
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