Morningstar Fund Ratings: Weekly Round-up

In this week's ratings round-up, Morningstar analysts upgrade Fidelity Special Situations and Fidelity Special Values to Gold

Fatima Khizou 11 May, 2021 | 9:10AM
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Upgrades

Fidelity Special Situations – Gold from Silver

Fatima Khizou

Fidelity Special Situations’ experienced manager continues to impress with his insight and approach to portfolio construction. Alex Wright has managed it since September 2012, initially on the closed-end Fidelity Special Values investment trust before taking over this open-end vehicle in January 2014. His approach targets unloved companies that have the potential to recover based on factors such as a unique business model, corporate change, or offering exceptional value. Wright is a thoughtful investor whose knowledge of the portfolio, and insights at company and industry levels, add value to the approach. Coupled with Fidelity’s broad analyst ranks, and a well-defined and rigorous investment process, this contributes to an upgrade to a Morningstar Analyst Rating of Gold on all share classes (previously Silver).

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About Author

Fatima Khizou  is an Investment Research Analyst for Morningstar

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