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.

Balanced European portfolio

Review | Investment Companies | 17/12/2012

Fidelity European Values Plc (FEV) is an investment trust that invests primarily in mid and large cap Continental European equities. The manager does not take aggressive sector positions (sectoral active weights are kept broadly within 5% of the FTSE World Europe ex-UK benchmark). The manager seeks to generate the majority of alpha from stock selection. Stock selection, within sectors, is driven by bottom-up fundamental analysis and the manager looks for companies with strong ability to grow dividends over the next three to five years. During the last 12 months, FEV has outperformed its benchmark by 13.0% and 9.0% in terms of price and NAV total return respectively.

Edison's research is freely available. We will never ask for your credit card details and you do not need to register. By downloading this research you are agreeing to our terms and conditions, which you can read in full here.

Stock data

Market cap.£934.2m
Last close225.000p
High / Low (52 weeks)230.5p / 169.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

Price performance

%1m3m12m
Actual(1.2)0.730.1
Relative *0.61.217.9

* % Relative to local index

Company news

Fidelity European Values

Thu, 16 Mar 2017 15:45:00 GMT

Fidelity European Values

Wed, 18 Sep 2013 09:41:58 GMT

Fidelity European Values

Wed, 22 Jul 2015 14:36:14 GMT

Fidelity European Values

Sat, 04 Nov 2017 14:15:00 GMT

Fidelity European Values

Wed, 11 Jan 2017 11:03:45 GMT