Fidelity Special Situations Class W - Accumulation (GBP)
Our view on this Fund
This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.
Alex Wright has been at Fidelity since 2001. He started his career analysing European companies and has focused on UK companies since 2007. As an analyst, he worked closely with Anthony Bolton and Sanjeev Shah, the two previous managers of the Fidelity Special Situations Fund. We think it's positive that he learned his trade from such well-regarded investors.
Wright became a fund manager in 2008, initially focusing on UK smaller companies, but later broadened his remit to include companies of all sizes. He's been lead manager of the Fidelity Special Situations Fund since 2014 and is also responsible for the Fidelity Special Values investment trust. We think this is a reasonable workload for a fund manager of Wright's calibre.
The manager's focus on unloved companies differentiates this fund from many others in the UK All Companies sector, and we think it could bring diversification to the UK section of a broader investment portfolio. It could sit well alongside a UK equity fund that focuses on companies expected to grow earnings at a more consistent pace.
Our view on the sector
Performance Analysis
Investment Philosophy
Process and Portfolio Construction
Manager Track Record Based on HL Quantitative Research
Fund Track Record
13/12/19 to 13/12/20 | 13/12/20 to 13/12/21 | 13/12/21 to 13/12/22 | 13/12/22 to 13/12/23 | 13/12/23 to 13/12/24 | |
---|---|---|---|---|---|
Annual return | -11.24% | 27.66% | -1.37% | 5.40% | 21.48% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.