Join Jock Glover, Strategic Relationships Director at Square Mile Investment Consulting and Research, as he talks with Alex Wright, Lead-manager of the Fidelity Special Situations Fund and the investment trust Fidelity Special Values PLC.

Alex discusses the case for investing predominantly in the UK equity market and why being a big fish in a small pond can play to his advantage on home turf. He also looks at what fuels his investment decisions when he makes purchases outside of the UK and when increasing or reducing leverage in the investment trust.

Don't have time to listen to the full episode, jump to your favourite part:

• 01:50: How do you use a contrarian view to manage your strategy?
• 03:50: How do you work with your team and co-manager?
• 06:10: What do you see as catalysts for reratings?
• 07:54: What motivates your purchases when you go outside the UK?
• 10:30: Does the investment trust portfolio look almost identical to the open-ended one?
• 11:48: Has gearing added extra alpha for investors?
• 12:25: Where are you finding opportunities?
• 15:54: What keeps you awake at night?
• 17:25: If there was a zero rate policy environment again, will it be more difficult for companies to start up and survive?
• 18:59: What drives the decision to add or reduce gearing in the investment trust portfolio?

This podcast was recorded in October 2024. This podcast is issued by Square Mile Investment Consulting and Research Limited which is registered in England and Wales (08791142) and is a wholly owned subsidiary of Titan Wealth Holdings Limited (Registered Address: 101 Wigmore Street, London, W1U 1QU).

This podcast is for the use of professional advisers and other regulated firms only and should not be relied upon by any other persons. It is published by, and remains the copyright of, Square Mile Investment Consulting and Research Ltd (“SM”). SM makes no warranties or representations regarding the accuracy or completeness of the information contained herein. This information represents the views and forecasts of SM at the date of issue but may be subject to change without reference or notification to you. SM does not offer investment advice or make recommendations regarding investments and nothing in this podcast shall be deemed to constitute financial or investment advice in any way and shall not constitute a regulated activity for the purposes of the Financial Services and Markets Act 2000. This podcast shall not constitute or be deemed to constitute an invitation or inducement to any person to engage in investment activity. Should you undertake any investment activity based on information contained herein, you do so entirely at your own risk and SM shall have no liability whatsoever for any loss, damage, costs or expenses incurred or suffered by you as a result. SM does not accept any responsibility for errors, inaccuracies, omissions, or any inconsistencies herein. Past performance is not a guide to future returns.

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