Fidelity's Alex Wright: 3 Undervalued UK Stocks

The manager of Morningstar Bronze rated Fidelity Special Situations gives us the lowdown on his cheapest holdings

David Brenchley 30 October, 2017 | 3:26PM

RBS is looking undervalued currently, according to Alex Wright

Predictions that 2017 would be the year that value investing came back into fashion have proven unfounded. Instead, a growth style of investing has continued to outperform, as investors desperate for income focus on bond-proxy companies and technology stocks continue to push global indices higher.

However, Alex Wright, manager of the Morningstar Bronze rated Fidelity Special Situations fund and the Fidelity Special Values IT (FSV), believes it is possible to profit from value investing even in such an adverse environment.

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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.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity Special Situations4,018.14 GBP-0.59
Fidelity Special Values Ord263.05 GBP-1.30
International Personal Finance PLC173.00 GBP0.00
Millennium & Copthorne Hotels PLC  
Scandinavian Tobacco Group A/S89.70 DKK0.00
Spirent Communications PLC249.50 GBP0.00
The Royal Bank of Scotland Group PLC204.10 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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