From unloved to recovery; the secrets of Alex Wright's success

INDUSTRY VOICE: The financial crisis hit the Irish property market hard. House prices fell over 50% from peak to trough, housebuilding stalled, as did mortgage lending. In short, it was a disaster.

In 2015 the sector was still out of favour and off the radar of many mainstream investors. But as a contrarian investor, Fidelity Special Situations Fund Manager Alex Wright is naturally drawn to stocks and sectors where other UK equity fund managers dare to tread.

In this short video, Alex reveals how companies like Cairn Homes fit his contrarian value investment philosophy and progress through the three stage investment cycle of the Fidelity Special Situations Fund and Fidelity Special Values PLC. His disciplined approach, together with the support of Fidelity's analysts, help to uncover undervalued stocks often missed by others.

        Watch the Video Here

 

Important information 

The value of investments and the income from them can go down as well as up, so you may not get back what you invest. Past performance is not a reliable indicator of future returns. Past performance is not a reliable indicator of future returns. Investors should note that the views expressed may no longer be current and may have already been acted upon. The Fidelity Special Situations Fund and Fidelity Special Values PLC use financial derivative instruments for investment purposes, which may expose the funds to a higher degree of risk and can cause investments to experience larger than average price fluctuations. They also invest more than other funds in smaller companies, which can carry a higher risk because the share prices may be more volatile than those of larger companies. Overseas investments will be affected by movements in currency exchange rates. Reference to specific securities should not be construed as a recommendation to buy or sell these securities and is included for the purposes of illustration only. Investments should be made on the basis of the current prospectus, which is available along with the Key Investor Information Document and annual and semi-annual reports, free of charge on request by calling 0800 368 1732. Issued by Financial Administration Services Limited and FIL Pensions Management authorised and regulated by the Financial Conduct Authority.

 

Related funds

• FID FIF - Fidelity Special Situations Fund W-ACC-GBP
• FID IT - Fidelity Special Values PLC
• FID FIF - Fidelity UK Smaller Companies Fund W-ACC-GBP

        Special Situations Fact sheet (PDF)

Alex Wright joined Fidelity in 2001 as a research analyst and has covered a number of sectors across the market capitalisation spectrum.He has managed the Fidelity Special Situations Fund since January 2014 and has been portfolio manager of the Fidelity UK Smaller Companies Fund since its launch in February 2008. He has also been responsible for managing Fidelity Special Values PLC since September 2012. Alex has a BSc (Economics) from Warwick University, where he graduated with First Class Honours, and he is also a CFA Charterholder.

 

        Watch the Video Here