Stifel: Now is not the time to buy Wright's Fidelity Special Values

Analysts remain negative on trust

David Brenchley
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The NAV of Alex Wright's fund underperformed the FTSE All-Share by 10% in March
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The NAV of Alex Wright's fund underperformed the FTSE All-Share by 10% in March

There will be "attractive opportunities" to buy Alex Wright's £522m Fidelity Special Values (FSV) in the future, but "that time is not now", according to analysts at Stifel.

The analysts said that while they believed Wright was "a good manager", it noted that due to the possibility of further stockmarket falls, the continued underperformance of the value style and subsequent...

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