Fidelity's Wright gears up to buy through market sell-off

'Interesting opportunity'

David Brenchley
Alex Wright of Fidelity

Alex Wright of Fidelity

Fidelity’s Alex Wright has levered up as he looks to capitalise on the “exceptionally low level of valuations” after UK equity markets’ coronavirus-related plunge.

After further falls on Monday morning, the FTSE 100 and FTSE 250 were down 32.5% and 37% respectively as travel bans come into effect and central banks introduce interest rates cuts and monetary stimulus...

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