Fidelity Special Values - Benefiting from UK value stocks’ return to favour
Fidelity Special Values (FSV) offers a value-based, contrarian investment approach aimed at achieving long-term capital growth through investment in overlooked and undervalued UK equities. Value investing has been out of favour for some years and the underperformance of UK value stocks worsened during last year’s market sell-off. However, this created many opportunities which FSV’s managers Alex Wright and Jonathan Winton sought to exploit and, with value stocks now returning to favour, their efforts are beginning to pay off. After a period of disappointing performance, particularly in Q120, FSV’s returns have recently improved. The trust returned 24.7% in NAV terms in the three months to end January 2021, outperforming the UK market, which returned 16.5%. Despite the recent improvement in UK value stocks, they still offer value and there is scope for further upside if the improving economic outlook supports continued rotation into value stocks. FSV’s managers believe the trust is well-positioned to take full advantage of this trend.Fidelity Special Values PLC is a United Kingdom-based investment trust. The investment objective of the Company is to achieve long term capital growth predominantly through investment in the United Kingdom listed companies. The Company is engaged in the investments in larger, medium and smaller-sized companies. Its investments have the characteristics, including limited downside risk and unrecognized potential for positive change. The Company focuses on investing up to 20% of the portfolio in listed companies on overseas exchanges. The Company may invest directly in the shares of companies or indirectly through equity-related instruments (such as derivative contracts, warrants or convertible bonds) and in debt instruments. The Company may also invest in unquoted securities. It invests in sectors, including financial services, media, support services, and software and computer services. FIL Investment Services (UK) Limited is the Company's alternative investment fund manager.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.