Fidelity Funds America - Bronze

FUND RESEARCH UPDATE: Fund rating upgraded to Bronze.

Ruli Viljoen 30 September, 2013 | 1:25PM
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Following the Morningstar OBSR Analyst Ratings Meeting on 12th September 2013, we have upgraded the Fidelity Funds America fund to a Morningstar OBSR Analyst Rating™ of Bronze. The fund previously held a Neutral Rating. The fund manager, Adrian Brass, has been managing the fund since January 2008 and we think he has developed well as an investor. We like the greater conviction Mr Brass has been bringing to the portfolio and the increased active management in the portfolio has benefitted performance in recent years. Mr Brass is the head of Fidelity’s new analyst team which is well resourced and this gives him considerable support in the management of the fund.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity America A-Acc-USD32.07 USD1.62Rating

About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK