Fidelity Special Situations Fund W-Accumulation

A Select 50 Fund - Fidelity insight

Category UK Flex-Cap Equity

This fund can be held in an Investment ISA, SIPP and Investment Account

Last buy/sell price

5,098.00p

arrow-down-16.00p (-0.31%)

Fund Code

WSSA

B88V3X4

GB00B88V3X40

Prices updated as at 14 Nov 2024

Prices in GBX

Investment objective

The Fund aims to increase the value of investor's investment over a period of 5 years or more. The Fund will invest at least 70% in equities (and their related securities) of UK companies (those domiciled, incorporated or having significant business in UK and those which are listed in the UK). The Investment Manager will focus on companies it believes to be undervalued and whose recovery potential is not recognised by the market. It is not restricted in terms of size or industry. The Fund is actively managed without reference to a benchmark.

Important documents: Please ensure that you have read the Key Information Document/Technical Guide , Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Our view

Why we like the fund: This fund invests primarily in companies listed in the UK, although it may invest smaller amounts into companies listed outside the UK. The manager is a seasoned UK investor and has been running this strategy for a long time. He benefits from an extensive, high-quality pool of company researchers in the wider team. Given the manager's contrarian approach, his long experience as an investor is a distinct advantage. Being contrarian requires an even temperament that is honed over a few market cycles. He is also willing to invest in smaller companies, an area in which Fidelity has expertise in the UK market. How to use the fund: This fund could be helpful for clients seeking a sensibly managed UK equity fund within a wider investment portfolio. It is higher risk and its capital value may be subject to fairly substantial but usually fairly transitory drawdowns. Investors will need to take a long-term view of ten years or more. This fund may blend well with a fund like the Liontrust UK Growth Fund.

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Any ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar accepts no responsibility or liability whatsoever for the actions of third parties in this respect.