Fidelity Special Values - Celebrating 25-year anniversary
Fidelity Special Values (FSV), launched in November 1994, is celebrating its 25-year anniversary. Manager Alex Wright has a contrarian investment style, aiming to generate long-term capital growth from a diversified portfolio of primarily UK equities (up to 20% of the fund may be held in companies listed overseas). The manager seeks undervalued companies with the potential for positive change. He says the UK market is relatively attractively valued versus global stocks and, in an environment of softening company fundamentals, he is finding opportunities in more defensive businesses. FSV has a strong investment performance track record; its NAV total returns are ahead of the FTSE All-Share index over the last three, five and 10 years. Although the last 12 months have proved more challenging, Wright has confidence in the trust’s future prospects.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.
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