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 today

  • 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

Liontrust to reduce ongoing charges on three funds after AoV red ratings

Liontrust to reduce ongoing charges on three funds after AoV red ratings

Including Special Situations fund

Michael Nelson
clock 06 November 2026 • 2 min read
Fidelity Asia Pacific Opportunities loses Titan Square Mile rating as manager departs

Fidelity Asia Pacific Opportunities loses Titan Square Mile rating as manager departs

Anthony Srom to leave Fidelity

Patrick Brusnahan
clock 05 November 2026 • 1 min read
Budget speculation had little impact on £1.2bn September fund inflows

Budget speculation had little impact on £1.2bn September fund inflows

Investment Association data

clock 05 November 2026 • 2 min read
Trustpilot