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
03 Apr 2018
Concentrating its portfolio and hedging its bets
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Concentrating its portfolio and hedging its bets
Fidelity European Trust PLC GBP (FEV:LON) | 382 1.9 0.1% | Mkt Cap: 1,560m
- Published:
03 Apr 2018 -
Author:
Gavin Wood -
Pages:
8
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