Fidelity Special Values maintains its AJ Bell Select List status

Fidelity Special Values PLC continues to retain its place as one of just 16 investment trusts on AJ Bell’s Select List. The investment specialists at what is one of the UK’s leading investment platforms analyse the investment trust market, looking at factors including price, performance and size to create their list of preferred investment trusts. Fidelity European Trust PLC and Fidelity China Special Situations PLC also feature in the shortlist. 

Below you can view a short video of a conversation that portfolio manager Alex Wright had with the team at AJ Bell in which he provides an overview of the trust and his investment approach.  

Why consider investing in Fidelity Special Values PLC? 

Despite the UK being a value market, many of those who invest in the market don’t invest with a value bias. However, Alex looks to construct portfolios focused on unloved UK companies entering a period of positive change. The market is often slow to recognise change in out-of-favour stocks which creates opportunities to add value by identifying companies whose improving growth prospects are not yet recognised by other investors. 

Our broad analyst coverage means that we are able to find ideas across the market cap spectrum, giving us many shots on goal. Our network of over 388 investment professionals around the world place significant emphasis on questioning management teams to fully understand their corporate strategy. They also take time to speak to clients and suppliers of companies in order to build conviction in a stock. Our approach translates into a clear bias towards small and mid-cap value stocks, compared to most of our competitors who are often less differentiated. It’s a consistent and disciplined approach that has worked well; the trust has significantly outperformed the FTSE All Share Index over the long term both since Alex took over in September 2012 and from launch over 30 years ago. 

This interview with Alex Wright is produced, recorded and distributed by Shares magazine, which is published by AJ Bell Media, a part of AJ Bell.