Alex Wright, manager of the Fidelity Special Situations fund and Special Values investment trust, talks to editor Katrina Lloyd about whether an inflection point has been reached for value investing.
He also explains why he has halved his Lloyds position following the Brexit vote, and how good analysis of companies with large pension deficits can provide opportunities as many investors run scared from...
Retail companies could exceed expectations
Debt has become the opioid crisis of the global economy.
Bond investors spent most of last year transitioning towards a more fundamentally driven approach to selecting assets.
There is something strange going on in Europe according to some commentators - the market has rallied aggressively post the trade war-induced sell-off in the fourth quarter of 2018.
We expect to see continued market volatility and macroeconomic uncertainty in the UK throughout 2019, not least due to Brexit.