Update research from QuotedData

RNS Number : 8834V

Fidelity Special Values PLC

02 February 2017

 

Fidelity Special Values - Update research from QuotedData

2^nd February 2017

Tilting away from the cyclicals

As discussed in QuotedData's previous notes, Fidelity Special Values (FSV) is a fund that thrives on volatility and uncertainty. It seeks to exploit mispricing created by swings in investor sentiment - moving into 'unloved' stocks when they are cheap and then selling them once they have recovered. The manager took advantage of depressed markets earlier this year to add to more cyclical areas, which was bolstered by expanding gearing in the trust. This has served FSV well as the market has rebounded post Brexit and the manager has recently been reducing this cyclical exposure, now that these stocks are more fully valued, in favour of cheaper stocks. Amongst other stocks, FSV's manager continues to see value in banks, energy and construction.

Full research:

http://quoteddata.com/2017/02/fidelity-closedend-funds-review-2/

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NB: this note has been prepared for Fidelity Worldwide Investment by Marten & Co and is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.

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