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.

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.

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Lena Tsymbaluk