Fidelity American Special Situations - Neutral

FUND RESEARCH UPDATE: Fund rating moved to Neutral from Under Review

Ruli Viljoen 30 September, 2013 | 1:47PM
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Following the Morningstar OBSR Analyst Ratings Meeting on 12th September 2013, we have returned the Fidelity American Special Situations fund to a Morningstar OBSR Analyst Rating™ of Neutral. The fund was previously Under Review due to a change in management and process. Although the new manager, Angel Agudo, has been with Fidelity since 2005 and his investment approach is promising, we note that he only has limited investment management experience and this is his first appointment on a US equity fund. The fund therefore retains its Neutral Rating as a reflection of our conviction in the fund at this stage.

 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity American Special Situations2,746.01 GBP-0.15Rating

About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK

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