Fidelity America - 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 America fund to Bronze. The fund previously held a Neutral rating. Although Agudo only took the helm here in June 2014, he has been managing Fidelity American Special Situations using the same investment philosophy since Dec 2012. 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
Fidelity America A-Dis16.04 USD-0.61Rating

About Author

Lena Tsymbaluk  is a fund analyst at Morningstar.

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