Fidelity's Wright on why FTSE 100 is 'most attractive part of the market'

FUND MANAGER FOCUS

Special Values manager talks about his optimism for the UK's largest companies and his plans once he inherits the £3bn Special Situations fund from Sanjeev Shah.

For the past year, the FTSE 100 has lagged some of the smaller indices in the UK, delivering half the gains seen in the FTSE 250 and lagging the FTSE Small Cap index by more still. This is understandable when you consider how much further smaller companies in the UK sold off in the aftermath of the credit crunch, with their discounts much more appealing to investors than some of the larger caps. One man who knows this only too well is Alex Wright, manager of the top-performing Fidelity UK Smaller Companies fund, who has delivered impressive returns to investors in his fund over the la...