Bestinvest Logo
Why us
Planning ahead
Insights
fund

Fidelity Global Special Situations W

Bestinvest LogoGlobal equity fund with a contrarian style, formed from the split of the original Fidelity Special Situations fund.

PRICE (INC)

5658p

PRICE (ACC)

5658p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.92%

YIELD

0.3%

1 YEAR
0.35%

Prices as at 17 Aug 2022.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

Initial assets on this fund were derived from the well-established Fidelity Special Situations fund, which split in two in 2006 prior to the departure of legendary manager Anthony Bolton. The fund's objective is to achieve long term capital growth from a global portfolio of equities. The manager targets shares he believes have unrecognised value, often in companies or industries undergoing change, and will typically have a bias to mid cap stocks which the manager believes are under-researched.

Fund summary

SectorGlobal
StructureOEIC
LaunchedOctober 2012
Size£3,028m
Yield0.3%
Charging BasisIncome
Dividends paidAcc units only

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.75%
Ongoing Charges Figure0.92%

Investment Process

Starting from a universe is around 2,500 stocks (those with a market cap above $1bn) manager Jeremy Podger looks for 3 types of company: - Exceptional value (around 50% of portfolio). Companies able to grow earnings above market expectations that also have re-rating potential. These have a high upside potential (aim for 50% over 3 years) but potentially high volatility. - Unique businesses. Companies with Good pricing power and autonomous growth potential. - Corporate change. Companies with the potential for restructuring or demerger in the near term. These should provide good upside potential with limited downside. Ideas are generated from a macro overlay, external inputs and quant screens. The manager primarily relies on Fidelity's analysts for company contact, though Podger also attends some meetings and undertakes international trips regularly.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning