FIDELITY GLOBAL SPECIAL SITUATIONS W
Global equity fund with a contrarian style, formed from the split of the original Fidelity Special Situations fund.
PRICE (INC)
-
PRICE (ACC)
5728p
INITIAL CHARGE
0%
ANNUAL MANAGEMENT CHARGE
0.75%
ONGOING CHARGE
0.92%
YIELD
0.6%
1 YEAR
1.92%Prices as at 07 Dec 2023.
We don’t currently provide commentary on this fund.
Past performance is not an indication of future performance.
Capital at risk.
Fund summary
| Sector | Global |
|---|---|
| Structure | OEIC |
| Launched | October 2012 |
| Size | £3,055m |
| Yield | 0.6% |
| Dividends paid | Accumulation units only |
Charges
| Standard Initial Charge | 0% |
|---|---|
| Initial Charge Via BestInvest | 0% |
| Additional Bid/Offer Spread | 0% |
| Annual Management Charge | 0.75% |
| Ongoing Charges Figure | 0.92% |
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