Launched in 1994, Fidelity Special Values is a portfolio of unloved UK companies. Manager Alex Wright is a contrarian investor. He looks for stocks that are out-of-favour, but that must meet two strict criteria: have a cheap valuation or an asset (such as intellectual property or inventory), which has the potential to limit share price falls, and a catalyst for significant earnings growth. Although his approach often puts him on the opposite side of consensus, he is a patient investor and is prepared to wait for his stocks to deliver.
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‘Thanks’ to the stock market crash, the FTSE 100, the index of the UK’s largest 100 companies, now yields almost 7%*. In this podcast – that was recorded during the market falls in early March – Henry Dixon, manager of Man GLG UK Income fund, talks to us about how sustainable UK dividends are, tells us why he may sometimes invests in a bond instead...
Lazy consensus opinions can create opportunity – especially in shares that are expensive or overpriced. Manager Chris Kinder has quality businesses at the core of his portfolio – but also looks to make money from over-loved companies where something has disturbed the status quo. In this podcast he tells us about Metro Bank, the importance of...
Despite the fact that US/China trade wars have helped push Europe into an industrial recession, there are still plenty of investment opportunities, according to Dean Tenerelli, manager of T. Rowe Price Continental European Equity fund - especially among the mid-caps. From forklift trucks and lawnmowers, to bottle manufacturers, auto suppliers and...