37. The 12 year-old asking for an investment

Having badgered his parents for an investment in Foreign and Colonial investment trust at the age of 12, it’s perhaps no wonder that Alex Wright became a fund manager. Here he talks to us about his own trust, Fidelity Special Values, tells us why he invests in stocks other people don’t like, and debates the merits of banks and Brexit.
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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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The views of the author and any people interviewed are their own and do not constitute financial advice. However the knowledge that professional analysts have analysed a fund or trust in depth before assigning them a rating can be a valuable additional filter for anyone looking to make their own decisions. Before you make any investment decision make sure you’re comfortable and fully understand the risks. If you invest in fund or trust make sure you know what specific risks they’re exposed to. Past performance is not a reliable guide to future returns. Remember all investments can fall in value as well as rise, so you could make a loss.

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