Bolton's China trust raises £460m

While the fundraising was less than the maximum £650m subscription, it is still the largest listed China equity fund in the UK. The vehicle is set to list on the LSE on 19 April and is expected to sit in the FTSE 250 after the next index review. Bolton says he is "absolutely delighted" with the support from investors and advisers in the UK market. "Fidelity China Special Situations will be the largest emerging markets equity fund new issue since 1990 as well as the largest China equity fund listed in the UK which is a fantastic achievement," he says. "I firmly believe that China...