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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.£946.8m
Last close229.00p
High / Low (52 weeks)239.0p / 202.5p
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 15:52:06 GMT

Director Deals - Fidelity European Values Plc (FEV)

Mon, 14 May 2018 14:15:00 GMT

Trading Watch: Following the 8.54% Price Performance for Fidelity European ...

Wed, 16 May 2018 18:44:46 GMT

Focusing the Lens in on Fidelity European Values Plc (FEV.L) Shares as they ...

Mon, 14 May 2018 06:22:30 GMT

Witan Investment Hires Former UBS Executive As Non-Exec Director

Thu, 03 May 2018 14:37:30 GMT

Investment summary

Fidelity European Values (FEV) aims to achieve long-term capital and income growth from a portfolio of primarily continental European equities. Although well diversified, the portfolio became more concentrated during 2017, as the manager sold stocks that had performed well and reinvested in existing holdings. While retaining a positive net market gearing, the manager added 10 single-stock short positions to the portfolio in August 2017, reflecting the view that valuations had become stretched in many parts of the market. A lower 0.75% management fee on assets over £400m takes effect from April 2018, while a reallocation of fees and expenses from revenue to capital will positively affect the level of future dividend payouts.

Last updated on 03/04/2018

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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