Fidelity's Alex Wright: People have misunderstood OMV Russia exposure

'Sentiment is overly pessimistic'

Eve Maddock-Jones
clock • 3 min read

Fidelity’s Alex Wright said his call to move some of his Shell positioning over to the oil & gas group OMV “proved rewarding” as investors “misunderstood” the latter’s exposure to Russia.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Budget fears spur major equity funds outflows in longest run since Brexit

Budget fears spur major equity funds outflows in longest run since Brexit

Five months of outflows

Patrick Brusnahan
clock 11 November 2025 • 2 min read
Guinness Global Investors to cut fees for ten funds

Guinness Global Investors to cut fees for ten funds

Wider reductions in the pipeline

Cristian Angeloni
clock 10 November 2025 • 2 min read
FundCalibre's Darius McDermott: IFSL Wise Multi-Asset Income nails the balancing act

FundCalibre's Darius McDermott: IFSL Wise Multi-Asset Income nails the balancing act

Returned almost 90% in five years

Darius McDermott
clock 24 October 2025 • 5 min read
Trustpilot