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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.£933.6m
Last close226.50p
High / Low (52 weeks)239.0p / 202.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment trusts

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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) is a relatively defensively positioned trust investing primarily in continental European equities. Recent performance has been strong relative to its FTSE World Europe ex-UK index benchmark and peers, helped by its exposure to defensive technology stocks, less interest rate-sensitive banks, and energy stocks, as well as holding no automotive stocks. The portfolio remains well-balanced, but is now more concentrated in a smaller number of stocks (currently 47), as the manager has taken profits where prospects for sustained dividend growth have weakened, and few new ideas have met his investment criteria. FEV’s consistent longer-term track record and tendency to outperform in periods of market weakness may find appeal in an uncertain market environment.

Last updated on 26/10/2018

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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