Fidelity Special Situations - Bronze

FUND RESEARCH UPDATE: Fund rating upgraded to Bronze

Simon Dorricott 6 November, 2015 | 7:15AM
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Following a recent Morningstar Analyst Ratings Meeting, we have moved the Fidelity Special Situations fund to a Morningstar Analyst Rating™ of Bronze. The fund was previously Neutral rated. When he took over this fund in January 2014 Alex Wright already had a successful track record as the manager of the Fidelity Smaller Companies fund. At that time, however, he only had limited experience of investing in larger-cap stocks and as a result we did not have the confidence to award this all-cap mandate a positive rating. Having now successfully managed the similarly run Fidelity Special Values investment trust for over three years, and this fund for over 18 months, we have seen sufficient evidence of his ability to adapt his investment approach to this mandate and to make effective use of the significant resources at his disposal.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Fidelity Special Situations5,068.52 GBP-1.01Rating

About Author

Simon Dorricott  is a Senior Fund Analyst for Morningstar

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