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Fidelity Fund Navigates Mideast Crisis
5 Apr
Summary
- Fund manager Alex Wright adjusts portfolio for inflation and economic challenges.
- Fidelity Special Values has strong long-term returns despite recent losses.
- The fund has 16 years of consistent annual dividend growth for investors.
Alex Wright, manager of Fidelity Special Values, is actively steering the £1.3 billion investment trust amidst global economic uncertainty and conflict in the Middle East. He has strategically adjusted the fund's stock holdings to fortify it against anticipated higher inflation and economic challenges. The portfolio features companies in defensive sectors such as healthcare, consumer staples, defense, tobacco, and oil.
Wright emphasizes the importance of staying invested, highlighting long-term performance over short-term market fluctuations. Fidelity Special Values has achieved a 73.3% return over five years and 184% over ten years, significantly outperforming its peer group and the FTSE All-Share Index. The fund has also maintained 16 consecutive years of annual dividend growth.
