Fidelity Regulatory News (FSV)

Hardman & Co Research: FSV: consistent contrarianism adds special value

Since the current manager took over in 2012, FSV has consistently outperformed its FTSE All-Share benchmark. The majority of the added value has come from stock selection, which derives from Fidelity's consistent investment process. The manager has a contrarian approach, underpinned by value factors to protect any downside risk. A flexible approach means the manager can take advantage of the less efficient mid- and small-cap areas, as well as finding opportunities overseas. Although the mandate focuses on capital growth, FSV has produced steady dividend growth and has an attractive yield.

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