Overview
Fidelity Special Values aims to achieve long-term capital growth predominantly through investment in UK listed companies. The Company will have a blend of investments in larger, medium and smaller-sized companies and be guided by a contrarian philosophy. The Company may invest directly in the shares of companies or indirectly through equity-related instruments (such as derivative contracts, warrants or convertible bonds) and in debt instruments.
Fidelity Special Values invests mainly in companies listed on the London Stock Exchange (although up to 20% can be invested in overseas stock markets). The manager looks for companies where there is limited downside risk. In other words, he wants to invest in companies that have exceptionally cheap valuations or some kind of asset that should stop their share prices falling below a certain level. This can be anything from inventory to intellectual property.
The manager also looks for unrecognised growth potential and events that could significantly improve a company’s earning power, but are not currently reflected in the company’s share price. These include changes in the company’s competitors or market, a new product line or an expansion into new business areas.
You can access the manager’s website here
Fundamentals
Price
Research History
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07 Dec 2022 64 min read
QuotedData’s Economic and Political Monthly Roundup December 2022
Economic and Political Monthly Roundup Investment companies | Monthly | December 2022 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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25 Jan 2019 1 min read
QuotedData review of 2018 – Annual report investment companies
QuotedData review of 2018 – Annual report investment companies 2018 – the return of volatility A trade war, Brexit, US interest rate rises, slowing Chinese growth, a US government shutdown, a dispute over Italy’s budget, the Skripal poisonings, numerous elections – there was plenty to worry about in 2018. A last-minute dive left the US […]
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19 Dec 2018 1 min read
QuotedData’s economic roundup – December 2018
QuotedData’s economic roundup – December 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
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11 May 2018 1 min read
QuotedData’s Economic round up – May 2018
QuotedData’s economic round up – May 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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25 Apr 2018 1 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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18 Apr 2018 1 min read
QuotedData’s Economic round up – April 2018
QuotedData’s economic round up – April 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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07 Mar 2018 1 min read
Fidelity Closed end fund review – March 2018
Fidelity Closed end fund review – March 2018 – is a regular publication looking at Fidelity and recent developments in three of its investment trusts – Fidelity Asian Values, Fidelity Japanese Values and Fidelity Special Values. In this issue: Fidelity Asian Values (FAS) posted decent positive returns during 2017 but has continued to lag its peer […]
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1 min read
Fidelity Closed-End Funds Review
Fidelity Closed-End Funds Review – Marten & Co is publishing a new Fidelity Closed-End Funds review. This covers funds in the Asia-Pacific ex-japan, Japanese Smaller Companies and UK All Companies sectors. Welcome to the fifth edition of Marten & Co’s Fidelity Closed-End Funds Review – a regular publication looking at Fidelity and recent developments in three of its investment trusts – Fidelity Asian […]
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1 min read
QuotedData releases 2018 Investment Companies Guide
QuotedData has released the 2018 edition of its highly-regarded Investment Companies Guide. Building on the success of last year’s publication and updated to reflect developments within the sector, the Guide harnesses QuotedData’s wide-ranging distribution capabilities to reach over 100,000 self-directed investors and their advisers. Two versions: In PDF 2018 Investment Companies Guide Final Version Or Accessed Via […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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11 Dec 2017 1 min read
QuotedData’s economic round up – December 2017
QuotedData’s economic round up – December 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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19 Oct 2017 1 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
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27 Jul 2017 1 min read
Fidelity Closed-End Funds Review
Marten & Co is publishing a new Fidelity Closed-End Funds review. This covers funds in the Asia-Pacific ex-japan, Japanese Smaller Companies and UK All Companies sectors. Welcome to the fourth edition of QuotedData’s Fidelity Closed-End Funds Review – a regular publication looking at Fidelity and recent developments in three of its investment trusts – Fidelity Asian Values, Fidelity Japanese Values and Fidelity Special Values. In […]
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10 Jul 2017 1 min read
Analyst Presentation Series – The QuotedData guide to quoted investment companies
Next event: Part 3 webinar/conference call Tuesday 5 September 2017 at 2pm QuotedData’s analysts are making a series of presentations based on our guide to investment companies. These are free, open to all and can be accessed either over the internet as a ‘webinar’ (see link below) or via a conference call (see below for dial-in details). To […]
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02 Jul 2017 1 min read
Fidelity Closed-End Funds Review
Fidelity Closed-End Funds Review Welcome to the third edition of Marten & Co’s Fidelity Closed-End Funds Review – a regular publication looking at Fidelity and recent developments in three of its investment trusts – Fidelity Asian Values, Fidelity Japanese Values and Fidelity Special Values. In this issue: The appointment of Nitin Bajaj as manager of Fidelity Asian […]
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16 May 2017 1 min read
QuotedData’s economic round up – May 2017
QuotedData’s economic round up – May 2017 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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10 Apr 2017 1 min read
QuotedData investment companies roundup – April 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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15 Mar 2017 1 min read
QuotedData investment companies roundup – March 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup
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14 Feb 2017 1 min read
QuotedData investment companies roundup – February 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2017. Kindly sponsored by Baillie Gifford. February Investment Companies Roundup
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31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
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02 Nov 2016 1 min read
QuotedData’s guide to analysing and selecting quoted investment companies
The QuotedData independent guide to investment companies aims to help investors and financial advisers better understand investment companies and help them make better informed investment decisions. We hope that the guide will help clarify the jargon that appears in many of the communications from the investment world. It is designed to build investors’ knowledge, starting […]
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23 May 2016 1 min read
Fidelity Closed-End Funds Review
Fidelity Closed-End Funds Review Welcome to the second edition of Marten & Co’s Fidelity Closed-End Funds Review – a regular publication that looks at Fidelity and recent developments in three of its investment trusts – Fidelity Asian Values, Fidelity Japanese Values and Fidelity Special Values. In this issue: Fidelity Asian Values rises to the top of the […]
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1 min read
Fidelity Closed-End Funds Review
Welcome to the second edition of QuotedData’s Fidelity Closed-End Funds Review – a regular publication that looks at Fidelity and recent developments in three of its investment trusts – Fidelity Asian Values, Fidelity Japanese Values and Fidelity Special Values. In this issue: Fidelity Asian Values rises to the top of the performance tables in the AIC’s Asia […]
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28 Oct 2015 1 min read
Fidelity Changes!
Fidelity Changes! Welcome to the first edition of Marten & Co’s regular publication. This edition takes a look at Fidelity and recent developments in three of its investment trusts – Fidelity Asian Values, Fidelity Japanese Values and Fidelity Special Values. Special feature: New manager Nitin Bajaj settles in at Fidelity Asian Values Fidelity Asian Values invests in the stock […]
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1 min read
Fidelity Changes!
Fidelity Changes! Welcome to the first edition of what will be a regular publication. This edition takes a look at Fidelity and recent developments in three of its investment trusts – Fidelity Asian Values, Fidelity Japanese Values and Fidelity Special Values. Special feature: New manager Nitin Bajaj settles in at Fidelity Asian Values
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05 Jun 2014 1 min read
Fidelity’s investment trust range
Fidelity’s investment trust range Fidelity currently manage five investment trusts – Fidelity Asian Values : FAV, Fidelity China Special Situations : FCSS, Fidelity European Values : FEV, Fidelity Japanese Values : FJV and Fidelity Special Values : FSV – our report explains their objectives and investment strategies and looks at their recent performance. We also take a look at […]
News
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07 Nov 2024 3 min read
Impressive returns for Fidelity Special Values in 2024
Fidelity Special Values (FSV) has announced its annual results for the year ended 31 August 2024. The company delivered a NAV total return of 24.1% and share price total return of 24.3%, comfortably ahead of the benchmark index return of 17%. The company also announced that the board has recommended a final dividend of 6.30 pence […]
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07 Nov 2023 2 min read
Fidelity Special Values outperforms despite small-cap bias
Fidelity Special Values (FSV) announced its final results for the year with a NAV total return of 5.9% and a 5.6% share price total return against a Benchmark return of 5.2%. The company’s overweight to banks was the largest contributor to performance with the advisor noting that while the performance may look unremarkable at face […]
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04 Nov 2022 10 min read
Fidelity Special Values Alex Wright marks 10th anniversary with tough year
Fidelity Special Values (FSV) has announced its annual results for the year ended 31 August 2022. Its manager, Alex Wright, marked his ten-year anniversary of managing the Company on 1 September 2022, having produced a cumulative NAV and share price total returns of 183.3% and 208.9%, respectively, over the decade. These are both well ahead […]
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08 Nov 2021 2 min read
Huge gains for Fidelity Special Values as ‘fundamentals look very good’
Huge gains for Fidelity Special Values as ‘fundamentals look very good’ – Fidelity Special Values (FSV) has posted its annual results for the 12 months to 31 August 2021. During the period under review, its NAV increased by 56.2% while its share price was up 73.8%, both significantly outperforming its benchmark index return of 26.9%. […]
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11 Dec 2020 3 min read
QD view – UK clear-out heralds better times
QD view – UK clear-out heralds better times The AIC’s UK All Companies sector is set to shrink as shareholders in Jupiter UK Growth choose between cash or a rollover into an open-ended fund, Invesco Perpetual Select UK Equity moves to the UK equity income sector following its planned merger with Invesco Income Growth and […]
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05 Nov 2020 2 min read
Fidelity Special Values hit as “defensive” stocks struggle with COVID
Fidelity Special Values hit as “defensive” stocks struggle with COVID. For the year ended 31 August 2020, Fidelity Special Values reports an NAV return of -18.5% and a return to shareholders of -25.4%. This compares to -12.6% for the wider UK market. The dividend was increased marginally to 5.8p from 5.75p, some of that is payable […]
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09 Oct 2020 2 min read
QD view – Time to back unloved Britain?
Time to back unloved Britain? One bit of disappointing news this week was that the UK’s economic growth in August was 2.1%, below expectations and leaving economic activity still well-below pre-pandemic levels. The apparent second wave is triggering renewed restrictions and seems set to act as a brake on growth over the winter. On top […]
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21 Apr 2020 1 min read
How are investment trusts going to survive amid COVID-19 disruption – Alex Denny Head of Investment Trusts at Fidelity discusses
Click here to watch Alex Denny from Fidelity discuss: “How are investment trusts going to survive amid COVID-19 market disruption”. What is an investment trust? Investment trust characteristics. What else drives investment trust performance? How have investment trusts held up?
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31 Jan 2020 1 min read
Fidelity Special Values gets new co-manager
Fidelity Special Values gets new co-manager – Fidelity Special Values says that Jonathan Winton has been appointed as co-portfolio manager alongside Alex Wright. This will take effect from 3 February 2020. Alex Wright remains the lead manager and accountable for portfolio construction. Fidelity is appointing co-managers across its business. Mr Winton joined Fidelity as an analyst in […]
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01 Nov 2019 2 min read
QuotedData’s other news 1 November 2019
In QuotedData’s other news 1 November 2019 RM Secured Direct Lending has renewed and amended its revolving credit facility with OakNorth. Under the terms of the amended facility, the company may draw down loans up to an aggregate value of GBP 10.5 million, on materially similar terms as the previous facility. The new facility will expire […]
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01 Nov 2018 2 min read
Fidelity Special Values cuts fees after good year
Fidelity Special Values cuts fees after good year – Fidelity Special Values has published its results for the year ended 31 August 2018. Its NAV increased by 8.7% over the year and the share price by 14.0%, both well above the 4.7% return of the benchmark index (all on a total return basis). As a result of […]
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10 Jul 2018 1 min read
Fidelity Special Values lowers its fees
Fidelity Special Values lowers its fees – The board of Fidelity Special Values (FSV) has followed other companies in the Fidelity Investment trust stable by arranging with Fidelity, the investment manager, a lower new tiered fee structure. Fidelity European Values was the first to announce its lower fee in March 2018. Fidelity Japanese Values and Fidelity China Special Situations announced the same in […]
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02 Nov 2017 2 min read
Fidelity Special Values beats its benchmark again
Fidelity Special Values beats its benchmark again – Fidelity Special Values has published results for the year ended 31 August 2017. The net asset value increased by 19.1% over the year and the share price by 28.1%, both well above the 14.3% return of the Benchmark Index (all returns on a total return basis). As […]
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07 Nov 2016 2 min read
Fidelity Special Values just fails to keep pace with benchmark
Fidelity Special Values just failed to keep pace with its benchmark over the year to 31 August 2016, delivering a NAV return of 9.9% against 11.7% for the index. The total dividend for the year is 3.7p, 10.4% higher than last year. The discount widened from 2.0% at the start of the reporting year to 10.0% […]
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27 Apr 2016 1 min read
Banking exposure holds back Fidelity Special Values
Fidelity Special Values says its net asset value underperformed the benchmark over the six month reporting period to 29 February 2016, returning -2.7% against -1.2% for the FTSE All-Share Index. The return to shareholders was -3.9%. Alex Wright, the manager, says overall performance was impacted by negative investment surrounding some key holdings in the banking sector, […]
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06 Nov 2015 1 min read
Mid cap bias helps Fidelity Special Values
Over the year to the end of August 2015, Fidelity Special Values generated a return on net assets of 7.4%, well ahead of the -2.3% return posted by its benchmark. The return to shareholders was even better at 12.4% as the discount narrowed from 6.3% to 2.0%. The dividend was increased from 3.3p to 3.35p. […]
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24 Apr 2015 2 min read
Fidelity Special Values adopts discount control policy
Fidelity Special Values has announced interim figures covering the six months ended 28 February 2015. Over the period the company’s net asset value total return was 5% – ahead of the 4.1% breturn generated by the FTSE All-Share Index. unfortunately the company’s discount widened from 4.7% to 9.6% and this left the return to shareholders […]
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03 Nov 2014 1 min read
Fidelity Special Values maintains run of outperformance
FSV : Fidelity Special Values maintains run of outperformance Fidelity Special Values managed to beat the FTSE All-Share Index over the year to the end of August 2014, the third successive year that it has done so, delivering a total return of 10.7% on net assets vs. a return of 10.3% for the index. The fund’s […]
In The Press
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18 Nov 2024 1 min read
It’s time to bag an investment trust bargain – our experts reveal the ones they’d pick right now
By ROSIE MURRAY-WEST, Mail on Sunday, 17 November 2024: Everybody loves a good discount and that’s exactly what is being offered to buyers of investment trusts. These stock market-listed investment companies offer access to a world of tempting portfolios, from handpicked selections of UK shares to clusters of shares in income-generating renewable energy firms. Investment […]
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28 Oct 2024 1 min read
Fund manager changes: which ones are paying off?
by Jennifer Hill from interactive investor, 28th October 2024: There are many reasons why a fund might get a new manager, with the retirement of the incumbent manager and poor performance being chief among them. While some investment houses have navigated the task of replacing a veteran fund manager with aplomb, others have failed to […]
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21 Oct 2024 1 min read
The battle for value: Temple Bar versus Fidelity Special Values
By Matteo Anelli, senior reporter, Trustnet,18 October 2024: Value investors don’t have as broad a choice as growth enthusiasts when it comes to selecting funds and trusts, with the number of active managers buying unloved stocks dwindling after almost a decade of growth superiority. Two prominent names are Ian Lance and Alex Wright, managers of […]
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01 Jul 2024 1 min read
Four Graphs explaining the investment trusts worth buying
Investment Week, 1 July 2024: In the latest instalment of the ‘Four graphs explaining’ series, experts discern which investment trusts are actually a buying opportunity amid wide discounts across the sector. At the time of publication, there are only 23 investment trusts across the entire Association of Investment Companies universe which are on a premium, […]
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17 Jun 2024 1 min read
10 experts name their top investment trust bargain
by Jennifer Hill from interactive investor, 17th June 2024: Discounts are wide across the investment trust universe, giving investors plenty of bargain-hunting potential. The average discount across 288 investment trusts that publish net asset values (NAVs) was -17.7% at the end of May, compared to -5% across 241 trusts five years ago, according to an […]
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22 Jun 2023 2 min read
Home Truths
James Carthew for Portfolio Adviser, 21 June 2023: For many years, there was a tendency among UK-based investment managers and financial advisers to overweight domestic stocks within client portfolios. As a result, we saw a proliferation of investment companies with a narrow focus on UK-listed businesses. Today, 54 investment companies have a listed UK equity […]
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10 Oct 2022 1 min read
‘Buying opportunities are better than ever’ for investment trusts
Eve Maddock-Jones, Investment Week, 05 October 2022: Investment trusts have been pushed to the widest discounts in years due to the abnormally high levels of market volatility and uncertainty. This includes not only closed-ended portfolios that have been running on a discount long-term, but portfolios that have historically run on significant premiums now being reduced. […]
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28 Jun 2022 1 min read
Have growth and value fund pairs outperformed the market?
by Jennifer Hill from interactive investor, 23rd June 2022: Last year we asked experts to name value and growth fund pairs to navigate the market rotation. The tactic has not yet paid off, but should investors stick with them?.. The sharp reversal in fortunes highlights the folly of pinning your colours to a single mast. […]
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16 May 2022 1 min read
Eight star fund managers you can buy on the cheap
Sam Benstead from interactive investor, 11th May 2022: The stock market rout this year has created a rare opportunity to buy shares in investment trusts run by star managers at large discounts to the value of their investments. Headline bargains include a 38% discount on Pershing Square Holdings run by Bill Ackman, a 10% discount […]
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21 Jan 2022 1 min read
Invest in a retail bargain
ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY, 8 January 2022: With the country’s high streets facing another crisis as people work from home rather than travelling into town and city centres, it is hard to predict which stores and specific retail sectors, if any, will do well this year… Overall consumer spending rose almost six per […]
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29 Mar 2021 1 min read
Mix and match to profit from recovery for value funds and trusts
Mix and match to profit from recovery for value funds and trusts by Jennifer Hill from interactive investor | 24th March 2021 10:23 Riding the resurgence of value as an investment style without throwing caution to the wind means holding both value and growth funds… While the powerful wave of returns from growth stocks appears to have broken recently amid […]
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07 Jan 2021 1 min read
Questions of Trust
QUESTIONS OF TRUST In: Portfolio Adviser, The Professionals’ Guide to Value Investing James Carthew, Director, QuotedData If you believe last November’s bounce in value stocks heralds the start of a renaissance for the strategy, who are the potential beneficiaries in the investment trust sector? Last year turned out to be a bumper one for all […]
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16 Nov 2020 1 min read
Engines of growth: on a bargain hunt
Engines of growth: on a bargain hunt By Leonora Walters, Investors Chronicle, 12th October 2020 A key driver of the price of any listed security is sentiment so, not surprisingly, some of the investment trust sectors which have experienced the most extreme discount and premium movements this year are those about which there has been particular […]
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05 Aug 2020 1 min read
Bargain Hunter: cheapest equity investment trusts revealed
Bargain Hunter: cheapest equity investment trusts revealed by Kyle Caldwell from interactive investor | 4th August 2020 12:53 Research in the equity investment trust universe highlights the biggest potential bargains… Research for interactive investor by QuotedData screened the equity investment trusts with assets of at least £10 million for potential bargains. The data (as at 3 August) shows some trusts […]
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26 Oct 2018 2 min read
QuotedData – Private Investor Events
QuotedData, the award-warning research house, has come on board as a sponsor for Master Investor Show 2018 and will join the Main Stage line-up on Saturday, 17 March, at London’s Business Design Centre. QuotedData’s CEO Edward Marten will host a panel session titled ‘Investment Companies – why are they the largest and fastest growing sector […]
