Fidelity European Values (FEV)

Business description

FEV's investment objective is to achieve long-term capital growth from a portfolio of listed shares in continental European companies. The portfolio manager is not restricted in terms of market cap, country or sector allocation, although a minimum of 80% of gross assets will be invested in companies from countries that are included in the benchmark index (the FTSE World Europe [ex-UK] Index). A maximum of 5% of gross assets may be invested in non-European companies that have some European exposure or connection.

Stock data

Market cap.£652.8m
Last close1,562.00p
High / Low (52 weeks)1576.0p / 1367.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Fidelity European Values - European earnings expected to grow, but caution is ...

Thu, 16 Mar 2017 15:45:00 GMT

Fidelity European Values trust in policy switch

Mon, 15 Dec 2014 13:02:04 GMT

Fidelity European Values Outperforms Benchmark In First Half

Mon, 31 Jul 2017 11:18:01 GMT

Fidelity European Values PLC (FEV.L) and Marshall Motor Holdings (MMH.L ...

Fri, 18 Aug 2017 12:00:00 GMT

Share Activity Lifted for Fidelity European Values PLC (FEV.L) in Session

Fri, 18 Aug 2017 11:26:15 GMT

Investment summary

Fidelity European Values (FEV) aims to achieve long-term capital growth from its European equity portfolio by focusing on companies that are able to deliver medium-term dividend growth. This approach gives FEV a defensive bias as well as a yield close to the sector average. Although he acknowledges a number of positive indicators for the near term, manager Sam Morse sees an upcoming turning point in the economic cycle and the prospect of rising bond yields as negative catalysts for equity valuations. His caution is reflected in FEV’s low gearing and the recent concentration of the portfolio, as a number of holdings with weakening fundamentals have been sold into market strength during the first half of 2017.

Last updated on 18/08/2017

Latest video

Key management

Vivian Bazalgette, Chairman
Sam Morse, Fund manager

Company address

Oakhill House,
130 Tonbridge Road
Hildenborough, Tonbridge
Kent
TN11 9DZ
United Kingdom
+44 (0)800 414110
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