Overview
Fidelity European Trust (formerly Fidelity European Values) aims to achieve long term capital growth from a portfolio primarily made up of shares in continental European companies. The portfolio manager is not restricted by the size of company, country or sector allocation which is determined by the location of attractive investment opportunities rather than the outlook for each market.
The portfolio manager seeks companies based on their prospects for producing dividends and dividend growth as this indicates steady structural growth. He searches for companies focusing on four key areas which are positive fundamentals, which includes a good track record, structural growth cycle on cycle and a good return on capital employed; the ability to generate cash, with a robust underlying level of cash generation which relates to profitability; dislikes companies that borrow large sums of money and he looks for opportunities with the flexibility to invest: finally he prefers stocks that are attractively valued as he is not prepared to pay any price for a good opportunity.
FEV : Fidelity European Trust
Fundamentals
Price
Research History
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12 Nov 2020 9 min read
QuotedData’s Investment Companies Roundup – November 2020
Investment Companies Monthly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Events Guide Legal New research Here is a list of research we published over October: Herald Investment Trust – Hot chips “Reflecting its focus on technology, […]
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11 Sep 2019 5 min read
QuotedData’s economic roundup – September 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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07 Mar 2018 2 min read
QuotedData releases 2018 Investment Companies Guide
QuotedData has released the 2018 edition of its highly-regarded Investment Companies Guide. Building on the success of last year’s publication and updated to reflect developments within the sector, the Guide harnesses QuotedData’s wide-ranging distribution capabilities to reach over 100,000 self-directed investors and their advisers. Two versions: In PDF 2018 Investment Companies Guide Final Version Or Accessed Via […]
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03 Aug 2017 3 min read
QuotedData’s economic round up – August 2017
QuotedData’s economic round up – August 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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10 Jul 2017 1 min read
Analyst Presentation Series – The QuotedData guide to quoted investment companies
Next event: Part 3 webinar/conference call Tuesday 5 September 2017 at 2pm QuotedData’s analysts are making a series of presentations based on our guide to investment companies. These are free, open to all and can be accessed either over the internet as a ‘webinar’ (see link below) or via a conference call (see below for dial-in details). To […]
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10 Apr 2017 1 min read
QuotedData’s round up of views on the global economy – April 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
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31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
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02 Nov 2016 1 min read
QuotedData’s guide to analysing and selecting quoted investment companies
The QuotedData independent guide to investment companies aims to help investors and financial advisers better understand investment companies and help them make better informed investment decisions. We hope that the guide will help clarify the jargon that appears in many of the communications from the investment world. It is designed to build investors’ knowledge, starting […]
News
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06 May 2020 1 min read
QuotedData’s morning briefing 6 May 2020
Fidelity European Values (FEV) has delayed changing its name to Fidelity European Trust, which was expected to be completed in time to be effective from 12 May. FEV noted: “The impact of covid-19, and the resultant Government’s stay at home measures, have caused substantial and significant delays as well as disruption to the usual statutory […]
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21 Apr 2020 1 min read
How are investment trusts going to survive amid COVID-19 disruption – Alex Denny Head of Investment Trusts at Fidelity discusses
Click here to watch Alex Denny from Fidelity discuss: “How are investment trusts going to survive amid COVID-19 market disruption”. What is an investment trust? Investment trust characteristics. What else drives investment trust performance? How have investment trusts held up?
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02 Aug 2019 2 min read
QuotedData’s other news 2 August 2019
In QuotedData’s other news 2 August 2019 Capital and Regional has provided a trading update for the first half of 2019, ahead of its half-year results, which will follow on 11 September. The company says that it is seeing continued evidence that its community strategy is working; strong leasing momentum with new lettings undertaken at […]
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15 Mar 2019 3 min read
Fidelity European Values stock selection stems declines in falling market
Fidelity European Values stock selection stems declines in falling market – Fidelity European Values PLC (FEV) posted an NAV per share total return of -4.8% for the year ended 31 December 2018, while the benchmark index, the World Europe (ex UK) Index, returned -9.5%. The landscape across the second half of 2018 was challenging, as […]
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10 Jul 2018 2 min read
Fidelity Special Values lowers its fees
Fidelity Special Values lowers its fees – The board of Fidelity Special Values (FSV) has followed other companies in the Fidelity Investment trust stable by arranging with Fidelity, the investment manager, a lower new tiered fee structure. Fidelity European Values was the first to announce its lower fee in March 2018. Fidelity Japanese Values and Fidelity China Special Situations announced the same in […]
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15 Mar 2018 4 min read
Strong performance from stock selection for shareholders of Fidelity European Values
Strong performance from stock selection for shareholders of Fidelity European Values – As well as the NAV of the company beating its benchmark and a narrowing of the discount, the highlights of the final report for Fidelity European Values (FEV) included a new and lower management fee structure and an increase in the dividend. In addition, the […]
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14 Mar 2017 2 min read
Fidelity European Values held back by pharma exposure
For the year ended 31 December 2016, Fidelity European Values says that its net asset value total return per ordinary share was 17.6%, underperforming the Benchmark Index, the World Europe (ex-UK) Index, which returned 19.7%. The share price total return, however, lagged the NAV return at 7.6%, as a result of the level of discount (ex-income) […]
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03 Aug 2016 2 min read
Fidelity European let down by widening discount
Fidelity European Values says that, during the six months ended 30 June 2016, its NAV total return was 7.6% compared to a total return of 4.8% for the FTSE World Europe (ex UK) Index which is the Company’s Benchmark Index. The share price total return was -3.8%, which is behind the NAV total return as a consequence […]
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15 Mar 2016 2 min read
Fidelity European Values beats benchmark in 2015
Fidelity European Values say that, for the year ended 31 December 2015, the net asset value total return was 6.9%, outperforming its Benchmark Index, the FTSE World Europe (ex UK) Index, which returned 5.3%. The share price total return over this period was 9.2%, ahead of the NAV return as a consequence of the level of discount […]
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31 Jul 2015 1 min read
Fidelity European Values beats benchmark during first half
Fidelity European Values, managed by Sam Morse (pictured) has announced its results for the six months ended 30 June 2015. During the period, the trust’s NAV total return was 6.1%, which was ahead of that of the FTSE World Europe (ex UK) Index of 4.1%. The share price total was even further ahead at 9.8% reflecting […]
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16 Mar 2015 2 min read
Good stock picking benefits Fidelity European Values
Over the course of 2014 Fidelity European Values generated a total return on net assets of 5.1% – well ahead of the 0.2% return generated by the FTSE All-World Europe ex UK Index, its benchmark. Shareholders did even better as the fund’s discount narrowed from 7.9% to 4.6%, pushing the return to shareholders up to […]
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02 Feb 2015 1 min read
Fidelity European scraps performance fee
Humphrey van der Klugt, Chairman of Fidelity European Values PLC has announced that the Board has agreed with Fidelity that with effect from 1st January 2015 the investment management performance fee will be removed. He said this should mean a lower overall fee for shareholders, and a simple and transparent fee arrangement. The base fee (Annual Management […]
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29 Jul 2014 1 min read
Fidelity European Values : FEV – interims
The net asset value total return for Fidelity European Values matched that of its benchmark index for the first half of 2014. Over the six months to 30 June the fund returned 3.1% as did the FTSE World Europe ex UK Index. The discount narrowed though so the return to shareholders was 5.6%. The manager’s […]
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17 Jan 2014 1 min read
Fidelity European Values : FEV – share split
FEV will split each of its shares into 10 new shares (subject to shareholder approval at the next AGM). The shares are currently well over £15, so by splitting them FEV will make it easier for shareholders to invest smaller amounts of money in the company.
In The Press
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22 Oct 2019 2 min read
Investment trust insider on European trusts
Investment trust insider on European trusts – James Carthew: where I should have put my Darwall dough The board of Jupiter European Opportunities (JEO) has agreed terms with Devon Equity Management, the new management company established by Alexander Darwall. It will move across from Jupiter to Devon on 15 November. Jupiter is entitled to fees […]
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26 Oct 2018 2 min read
QuotedData – Private Investor Events
QuotedData, the award-warning research house, has come on board as a sponsor for Master Investor Show 2018 and will join the Main Stage line-up on Saturday, 17 March, at London’s Business Design Centre. QuotedData’s CEO Edward Marten will host a panel session titled ‘Investment Companies – why are they the largest and fastest growing sector […]