Fidelity American Special Situations - Bronze

FUND RESEARCH UPDATE: Morningstar Analyst Rating upgraded to Bronze

Lena Tsymbaluk 20 May, 2016 | 6:13AM
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Following a recent Morningstar Analyst Ratings Meeting, we have upgraded the Morningstar Analyst Rating™ of the Fidelity American Special Situations fund to Bronze. The fund previously held a Neutral rating. It has been managed by Angel Agudo since December 2012 with the help of Fidelity’s in-house US analyst team. The approach, which was introduced by Agudo upon his arrival, seeks out companies that have gone through a period of underperformance, where little value is ascribed to their recovery potential, and therefore there is strong relative upside/downside performance potential. Overall, we believe that the manager has demonstrated his ability to successfully build a balanced portfolio of best ideas while also keeping risk under control. The disciplined approach has led to sustained outperformance and the fund therefore earns a Bronze rating.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity American Special Situations2,618.00 GBP0.08Rating

About Author

Lena Tsymbaluk  is a fund analyst at Morningstar.

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