Fidelity American Special Situations - Bronze

FUND RESEARCH UPDATE: Morningstar Analyst Rating upgraded to Bronze

Lena Tsymbaluk 20 May, 2016 | 6:13AM
Facebook Twitter LinkedIn

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.

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.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity American Special Situations2,558.00 GBP-0.04Rating

About Author

Lena Tsymbaluk  is a fund analyst at Morningstar.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures