"The attached email has an article on Anthony Bolton but if you scroll down there is a short video interview with him giving his views on China as an investment destination and his current strategy. I agree with you, David, that I would not invest in his IT at a premium, but I thought you may find his views of interest. I will follow his fund with interest and if it were to trade at a reasonable discount at some time I will be tempted to make an investment in it."

David Fuller's view Anthony Bolton's views are always interesting but I have reservations about his China Special Situations fund, which is an investment trust. I like ITs but would be reluctant to invest in one that is trading at a premium to NAV, because it will only be a matter of time before it moves to a discount, which could reach 10% or more if China's stock market remains soft.

If bullish on the market, we need not fear missing a major move by avoiding a premium to NAV because there are other China vehicles. Also, the annual charges on this IT are high, as I recall, but we can wait for the July 2010 Fact Sheet to confirm this and also its top-10 holdings. I hope that Bolton's performance relative to a China tracker will more than justify this expense, but I would like to see some evidence of this.