Over five years, Fidelity European Trust (FEV) has outperformed UK markets, UK listed competition and European benchmarks. It “follows the money” using detailed research, leveraging Fidelity’s global capabilities, to identify mis-priced strong, growing dividends. Over 10 years, Fidelity’s stock selection has added ca.2% p.a. to returns. Around two thirds of portfolio company revenue is nonEuropean. FEV invests for the long term and in quality businesses with downside protection, but it can face short-term headwinds and have above-market volatility. FEV’s assets are listed and liquid, but its shares trade at a 7% discount to NAV.
21 Sep 2021
FEV: follow the money
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FEV: follow the money
Fidelity European Trust PLC GBP (FEV:LON) | 391 1.9 0.1% | Mkt Cap: 1,597m
- Published:
21 Sep 2021 -
Author:
Mark Thomas -
Pages:
30
Over five years, Fidelity European Trust (FEV) has outperformed UK markets, UK listed competition and European benchmarks. It “follows the money” using detailed research, leveraging Fidelity’s global capabilities, to identify mis-priced strong, growing dividends. Over 10 years, Fidelity’s stock selection has added ca.2% p.a. to returns. Around two thirds of portfolio company revenue is nonEuropean. FEV invests for the long term and in quality businesses with downside protection, but it can face short-term headwinds and have above-market volatility. FEV’s assets are listed and liquid, but its shares trade at a 7% discount to NAV.