Q&A with Fidelity's Sanjeev Shah

What has driven the fund performance so far in 2010? The markets are still recognising the value in some of the most oversold areas following the credit crisis. As a contrarian manager, I adopted a positive stance at the beginning of 2009 when most other investors were extremely pessimistic. I thought the far-reaching policy response to the financial crisis would avoid an economic depression. This transitional period for both the economy and stock market provided a rare opportunity to take larger positions because of the significant undervaluation of some stocks. My decision to invest...