Fidelity's Sanjeev Shah has highlighted a range of stocks he is backing following the sell-off in global markets.
Below are a number of key holdings the manager - who has run the Fidelity Special Situations portfolio since 2008 - is favouring. Lloyds Banks have clearly not been strong performers due to the continued regulatory and economic uncertainty. However, I continue to believe there is unprecedented value in retail and commercial banking franchises with good market positions such as Lloyds. Competition is a lot more rational, and operating fundamentals, capital and funding ratios are moving in the right direction. Banks are the most underweighted sector for institutional investors and valua...
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