Shares in the close-ended fund – issued at £1 – will start trading on the London Stock Exchange in April.
The fund is named Fidelity China Special Situations in a nod to the Fidelity Special Situations Fund, which achieved average yearly returns of 19.5 per cent during the 28 years Bolton was at the helm.
The legendary fund manager, who will next month move to Hong Kong for at least two years, surprised colleagues by putting off retirement to head up the new fund.
Bolton said yesterday he saw in China “many similarities with investing in Europe in the early part of my career” and dismissed the notion the “bubble” could be about to burst.
“It is much too soon to be talking in these terms. The Chinese market began its recent rise in November 2008 and, in my experience, bubbles take several years to develop.”
The fund’s portfolio will be made up mostly of securities issued by companies listed in China or Hong Kong.