Fidelity Asian Values reported strong quarterly earnings, outperforming Asia ex Japan small caps.

Fidelity Asian Values (LON:FAS) reported quarterly earnings of GBX 7.88 ($0.10) per share, with a market cap of £350.89 million and a P/E ratio of 30.78. The investment trust focuses on smaller companies in Asia's fast-growing markets, aiming to identify underpriced businesses. Over the last six months, the company outperformed the MSCI All Countries Asia ex Japan Small Cap Index, with key contributors including Genpact and Taiwan Semiconductor Manufacturing.