Joanna Faith talks to Aruna Karunathilake about the process behind the recently renamed Fidelity UK Select fund.
Can you describe your investment process? We have a fairly disciplined strategy whereby we look at a stock and give it a score according to five different factors. These are: valuation; fundamentals; whether the company has a strong market position or there are barriers to entry; sentiment, if it is sell-rated by brokers it gets a high score; and change – if there is going to be new management or it is a takeover candidate. This helps me to take some of the emotion out of investing and stops me falling in love with or disliking a stock. Humans were not designed to be investors because ...
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