Fidelity Special Values - Bronze

FUND RESEARCH UPDATE: Rating upgraded to Bronze

Simon Dorricott 6 November, 2015 | 7:14AM
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Following a recent Morningstar Analyst Ratings Meeting, we have moved the Fidelity Special Values trust (FSV) to a Morningstar Analyst Rating™ of Bronze. The trust was previously Neutral rated. When he took over this trust in September 2012, 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 this investment trust for over three years and the Special Situations 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
Rating
Fidelity Special Values Ord303.00 GBX0.50Rating

About Author

Simon Dorricott  is a Senior Fund Analyst for Morningstar

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