DirectorsTalk brings you recent news and insights from Fidelity International, BlackRock and JPMorgan Asset Management on a selection of their leading closed-ended investment trusts listed on the London Stock Exchange. To make informed investment decisions, click on the EPIC code for each fund’s news, interviews, research, monthly factsheets, financial reports and trading data or visit our funds portal.
Investment trust analysis: UK, Europe, Japan, Latin America, Emerging Markets
- Written by: Jacob Brown
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Fidelity Special Values (FSV) delivered strong outperformance in 2025, driven by disciplined stock selection and sector positioning, with a 6.9% increase in dividends for shareholders.
Fidelity Special Values has released its September 2025 factsheet, highlighting continued gains in UK equities amid supportive monetary policy and firmer commodity prices.
As of 30 September 2025, the trust outperformed its benchmark. Gains were supported by strong stock selection in construction, materials, and energy, with Tecnicas Reunidas and Puuilo contributing positively.
JEDT performance over the year remains highly encouraging. The share price has climbed 28.3% and NAV 22.8% over twelve months, both comfortably ahead of the benchmark’s 14.1% rise.
Alex Wright, portfolio manager of Fidelity Special Values, highlights the rise in takeover activity among companies within the trust’s portfolio, despite volatile markets and currency movements.
Fidelity Special Values sees strong 12-month gains as UK equities quietly reward contrarian investors amid persistent capital outflows.
