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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)

-

PRICE (ACC)

5728p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.92%

YIELD

0.6%

1 YEAR
1.92%
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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.

The Fund aims to increase the value of investor's investment over a period of 5 years or more. The Fund will invest at least 70% in equities (and their related securities) of companies globally which could include countries considered to be emerging markets as determined by the Investment Manager at its sole discretion. The investment manager will focus on companies it believes to be undervalued and whose recovery potential is not recognised by the market. The Fund is actively managed. The Investment Manager identifies suitable opportunities for the Fund utilising in-house research and investment capabilities.

Fund summary

SectorGlobal
StructureOEIC
LaunchedOctober 2012
Size£3,055m
Yield0.6%
Dividends paidAccumulation 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