Fidelity Special Situations Fund

Seeing potential where others don't can give your portfolio a boost.

If you’re looking to boost your portfolio, the Fidelity Special Situations Fund could be right for you. Since launch in 1979, the fund has built up a long heritage of investing in UK companies that have been overlooked by other investors. This rich heritage continues today under the direction of portfolio manager Alex Wright, who took over management of the fund in January 2014.

By going against what the majority of the market is thinking, Alex believes that he can find good quality companies available at an attractive price. He typically looks for companies that he believes are entering a period of positive change that the market has not yet recognised. He then aims to profit as other investors come to realise this potential and start to invest.

Alex looks across the full breadth of the UK market and invests in small, medium and large firms.

This fund may be considered by investors who are:

  • Looking for long-term capital growth from an investment in the UK stock market
  • Attracted to the potential of greater returns by investing in a higher-risk fund
  • Looking for a fund that is free to invest in small, medium and large UK companies
Past performance (%)
  September 2012-13 2013-14 2014-15 2015-16 2016-17
Fidelity Special Situations 35.3 2.6 6.1 12.3 18.3
FTSE All Share 18.9 6.1 -2.3 16.8 11.9

Source: Fidelity and Morningstar as at 30.09.2017 on a bid-to-bid basis income reinvested in GBP. Copyright © 2017 Morningstar, Inc. All Rights Reserved. Fidelity has been licensed by FTSE International Limited to use the name FTSE All-Share Index.

Past performance is not a reliable indicator of future returns.

Find the fund in the Select 50

Claire Dwyer talks to Alex Wright to understand what makes the fund different and why it might suit someone looking for a core UK investment.

The value of investments can go down as well as up so you may get back less than you invest. This fund invests in overseas markets and so the value of investments can be affected by changes in currency exchange rates. This fund invests 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. This fund uses financial derivative instruments for investment purposes, which may expose the fund to a higher degree of risk and can cause investments to experience larger than average price fluctuations. Investors should note that the views expressed may no longer be current and may have already been acted upon. 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.