Next AGM: December 2019
The real value in UK equities
While aggregate valuations in the UK look attractive, this picture masks some significant stylistic and sectoral differences. As investors continue to seek comfort in steady growth stocks, contrarian investor Alex Wright outlines some of the out of favour areas which he believes offer overlooked upside potential.
Jennifer Turton on Fidelity Special Values PLC
FT Adviser, July 2019
Investment trusts have outperformed in 75 per cent of cases, when compared with an equivalent open-ended fund, AJ Bell has found.
A high level of short interest is the clearest indication of a company being unloved and out of favour. While this is often fundamentally justified, Alex Wright outlines why shorted stocks can provide a contrarian signal and where he believes the market is currently failing to recognise the potential for a future recovery.
Jonathan Jones and Richard Evans on Fidelity Special Values PLC
The Daily Telegraph, May 2019
Investors have an enormous number of funds and potential sources of advice vying for their attention.
David Thorpe on Fidelity Special Values PLC
FT Adviser, May 2019
Alex Wright, who runs the £843m Fidelity Special Values investment trust, is sticking with his strategy of investing in the UK domestic economy, despite the trust performing worse than the market in recent months.
What to look for (and avoid) in UK domestic stocks
The deeply unloved status of the UK equity market has created no shortage of contrarian value opportunities. However, with economic and political risks evident, Alex Wright believes selectivity is crucial - as well as a low starting valuation, he outlines the other key criteria that are informing his stock picks.
Fidelity Special Values (FSV) aims to achieve long-term capital growth from a special situations portfolio of primarily UK equities. The manager has a contrarian approach…
Don’t wait for good news to buy UK equities
The unrelenting negativity that investors are demonstrating towards UK equities is making me feel more and more positive on their prospects for 2019. It might be counterintuitive to think that the UK market could be among the top performers globally in the year that we leave the EU (if indeed we do). But markets have a way of confounding expectations and surprising the consensus.
Final Results for the year ending 31 August 2018 have been announced.
WARNING: Boiler Room Scam
We are aware that a small number of our shareholders in Fidelity Special Values PLC have received phone calls about their shares in the Company.
New tiered pricing structure announced
Following a review of the management fee payable to Fidelity International, the Board of Fidelity Special Values PLC have announced that the Company’s annual charge will reduce and a new tiered pricing structure will be adopted.
Alex Wright, portfolio manager of Fidelity Special Values PLC, reveals how companies like Cairn Homes fit his contrarian value investment philosophy and three stage investment cycle.
Past performance is not a reliable indicator of future results. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The value of investments can go down as well as up so investors may get back less than they invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. Reference to specific securities should not be construed as a recommendation to buy or sell these securities and is included for the purposes of illustration only.
Overseas investments are subject to currency fluctuations. The investment trust can gear through the use of bank loans or overdrafts and this can be achieved through the use of derivatives. Where this is the case, their use may lead to higher volatility in the Net Asset Value and Share Price. Some investment trusts, like Fidelity Special Values PLC, invest more heavily than others in smaller companies, which can carry a higher risk because their share prices may be more volatile than those of larger companies. The latest annual reports, factsheets and Key Information Document (KID) can be obtained from our website at www.fidelity.co.uk/its or by calling 0800 41 41 10. The full prospectus may also be obtained from Fidelity.