Fidelity's Wright: Why I am avoiding miners and supermarkets

Positioning for Brexit

Laura Dew
clock • 6 min read

Fidelity UK equities fund manager Alex Wright talks about his expectations for the oil sector, how one company has returned 400% for his Special Values trust, and where he is positioned ahead of June's Brexit referendum.

Alex Wright followed the established Fidelity route of training as an analyst before becoming a fund manager in 2008. His first command was the £386m UK Smaller Companies fund, which he has managed since launch in 2008. The manager then took over the Special Values trust in September 2012, and open-ended counterpart the Special Situations fund in January 2014 from Sanjeev Shah. Since taking over, his £2.6bn Special Situations fund has returned 8.2% to 7 May 2016, according to FE, versus 2% for the IA UK All Companies sector and 1.3% for the FTSE All Share (TR). Fidelity's Wright...

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 UK

Evelyn Partners drops Ninety One UK Alpha for Fidelity Special Sits
UK

Evelyn Partners drops Ninety One UK Alpha for Fidelity Special Sits

Core Managed Portfolio Service rebalance

Beth Brearley
clock 10 December 2024 • 1 min read
Odyssean IT bets on surge in M&A among UK equities
UK

Odyssean IT bets on surge in M&A among UK equities

Half-year results

Beth Brearley
clock 28 November 2024 • 2 min read
UK dividends plummet by 8.1% in Q3 as mining sector struggles
UK

UK dividends plummet by 8.1% in Q3 as mining sector struggles

While mid-caps grow

Linus Uhlig
clock 24 October 2024 • 2 min read
Trustpilot