Fidelity Special Values PLC aim is to achieve long term capital growth for investors by investing in special situations. It is an actively managed contrarian investment trust that thrives on volatility and uncertainty.
London is one of, if not the most important, of the world’s financial centres. Focused on the UK market but with up to 20% invested in overseas stock markets, this investment trust looks for stocks that are undervalued by the market and whose growth potential isn’t yet appreciated by other investors.
By understanding the downside and identifying the potential for change it allows the trust to invest in unloved stocks with potential for positive change. These 80-120 stocks held in the portfolio provide the trust with diversification and liquidity.
Alex Wright has 13 years of investment experience. He joined Fidelity in 2001 as a European equity research analyst, successively covering building materials, alcoholic beverages, leisure, emerging European and African banks and UK small-cap stocks. He became portfolio manager of the Fidelity UK Smaller Companies Fund in 2008. He continues to manage this fund alongside the Fidelity Special Situations Fund and the Fidelity Special Values PLC, which he started managing in 2012.
Past performance is not a reliable indicator of future results. Fidelity does not give advice. If you’re unsure of the suitability of an investment for you, 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. Overseas investments are subject to currency fluctuations. This investment trust can gear through the use of bank loans or overdrafts and this can be achieved through the use of derivatives. Their use may lead to higher volatility in the Net Asset Value and Share Price. This investment trust may 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.
Registered in England and Wales; registration number 02972628.
Registered office: FIL Investments International, Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey KT20 6RP.
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