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Dale Nicholls

Dale Nicholls

Showing manager performance globally. You can view performance in individual jurisdictions.

About Dale Nicholls

Dale Nicholls was born in Australia in 1968 and obtained his bachelor’s degree in business management from the Queensland University of Technology. Prior to joining Fidelity, he worked as an analyst, first at Sony and then at Bankers Trust Asia Securities. In terms of fund management style, he follows a bottom-up stock-picking approach, looking for growth at a reasonable price. Long-term growth prospects, returns on capital and management quality are the key characteristics focused upon for company valuation. Cash is not used tactically and derivatives are solely used for efficient portfolio management such as equitising cash flows. Given his funds’ small- and mid-cap bias, David tends to outperform when market liquidity is ample or when the market is driven by sentiment.

Are you Dale Nicholls?

Citywire Rating: AA rated


  • MRated AAA in Mar 2012
  • ARated AAA in Apr 2012
  • MRated AA in May 2012
  • JRated AA in Jun 2012
  • JRated AA in Jul 2012
  • ARated A in Aug 2012
  • SRated A in Sep 2012
  • ORated A in Oct 2012
  • NRated AA in Nov 2012
  • DRated A in Dec 2012


  • JRated A in Jan 2013
  • FRated A in Feb 2013
  • MRated A in Mar 2013
  • ARated A in Apr 2013
  • MRated A in May 2013
  • JRated A in Jun 2013
  • JRated A in Jul 2013
  • ARated A in Aug 2013
  • SRated A in Sep 2013
  • ORated A in Oct 2013
  • NRated A in Nov 2013
  • DRated A in Dec 2013


  • JRated AA in Jan 2014
  • FRated AA in Feb 2014
  • MRated AA in Mar 2014
  • ARated AA in Apr 2014
  • MRated AA in May 2014
  • JRated AA in Jun 2014
  • JRated AA in Jul 2014
  • ARated A in Aug 2014
  • SRated A in Sep 2014
  • ORated A in Oct 2014
  • NRated A in Nov 2014
  • DRated A in Dec 2014


  • JRated AA in Jan 2015
  • FRated AA in Feb 2015
  • MRated AA in Mar 2015
  • ARated AA in Apr 2015
  • MRated AA in May 2015
  • JRated AA in Jun 2015
  • JRated AA in Jul 2015
  • ARated AA in Aug 2015
  • SRated AA in Sep 2015


Equity - Asia Pacific Including Japan
over : 31/08/2012 - 31/08/2015

Total Return

Month by Month Performance

Quarterly Performance

to 30/06/2015 Annual Q1 Q2 Q3 Q4
2015 5.3% 5.3%
2014 1.7% 1.9% 3.7% -2.0% -1.8%
2013 30.7% 10.8% -1.5% 11.4% 7.5%
2012 16.1% 12.0% -7.3% 8.7% 2.9%
2011 -19.4% -1.1% 0.5% -19.8% 1.1%
2010 12.1%

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Fidelity star Nicholls’ team brands Chinese banks ‘uninvestable’

Citywire A-rated manager explains why he is holding a substantial underweight to the county’s financial sector.

Don’t be short-sighted on Chinese SOEs, says Fidelity star

Citywire AA-rated Dale Nicholls says low valuations could provide attractive entry points despite lack of love for state-owned firms.

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Citywire Discovery Source: Citywire Discovery Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in USD)..Portions of the information contained on this page was derived by Citywire Financial Publishers Ltd using content supplied by Lipper, A Reuters Company.