Overview
News and Insights
Fidelity Asian Values PLC latest News and Insights Fidelity China Special Situations PLC latest News and Insights Fidelity Emerging Markets Ltd latest News & Insights Fidelity European Trust PLC latest News and Insights Fidelity Japan Trust PLC latest News and Insights Fidelity Special Values PLC latest News and Insights
News and Insights
News and Insights
Fidelity Asian Values PLC latest News and Insights Fidelity China Special Situations PLC latest News and Insights Fidelity Emerging Markets Ltd latest News & Insights Fidelity European Trust PLC latest News and Insights Fidelity Japan Trust PLC latest News and Insights Fidelity Special Values PLC latest News and Insights
Fidelity European Trust PLC
Last Deal Price (p)
373.50Net Change (%) ↑↓
-2.99Estimated NAV (p)
392.59Prem/Disc (%)
-4.53Source: Morningstar PLC. Share price is delayed by 15 minutes. Net Asset Value (NAV) and discount/premium are estimated.*
Important information: please keep in mind that the value of investments can go down as well as up, so you may get back less than you invest. Past performance is not a reliable indicator of future results. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.
Fidelity European Trust PLC aims to be the cornerstone long-term investment of choice for those seeking European exposure across different market, economic and business environments.
The Trust invests predominantly in continental European equities (and their related securities) but up to 20% of its assets may be invested in companies outside of the continent. It follows a consistent stock-picking approach, seeking to identify companies able to grow dividends over a three to five-year horizon.
Viewed as a whole, the European Union is the world’s third largest economy and home to some of the strongest, most stable and resilient companies. Aiming to capture the diversity of Europe, across a range of countries and sectors, this Investment Trust looks beyond the noise of market sentiment and concentrates on the real-life progress of European businesses. It researches and selects stocks that can grow their dividends consistently, irrespective of the economic environment.
The portfolio is fairly concentrated at between 40 to 50 diversified stocks with no bias to a particular sector or company size.
What sets us apart
Dividend growth drives long-term returns
Our stock-picking approach helps us identify companies that we believe can grow their dividends consistently over time.
Long-term focus
Taking a long-term view means we can benefit from compounded returns over time, improving performance whilst lower trading reduces costs.
A cautious approach
Our focus on managing downside risk creates a strong foundation for the potential of long-term outperformance.
News & Insights - European Trust PLC
A London fund that looks to Europe
Lauren Almeida, Editor of The Times’ Tempus column, has published a detailed analysis of the Fidelity European Trust (FEV), earning a ‘Buy’ recommendation from the national newspaper. Almeida provides an overview of FEV’s top holdings as well as its performance, showcasing the trust’s long-term commitment to market outperformance.
Read the article
Fidelity European Trust reconfirmed on this year’s AJ Bell Select List
Fidelity European Trust PLC continues to retain its place as one of just 16 investment trusts on AJ Bell’s Select List. The investment specialists at what is one of the UK’s leading investment platforms analyse the investment trust market, looking at factors including price, performance and size to create their list of preferred investment trusts. Fidelity China Special Situations PLC and Fidelity Special Values also feature in the shortlist.
Read more
The current opportunity in European equities
Sam Morse and Marcel Stötzel, portfolio managers of Fidelity European Trust PLC, examine the challenges and opportunities facing investors in European equities. Despite an uncertain macroeconomic backdrop, they explain why they believe a focus on high quality companies with strong balance sheets and sustainable dividend growth can continue to drive attractive long-term returns for investors in the region.
Read more
The Mail on Sunday: A European fund - but boss says it is sprinkled with world beaters
Marcel Stotzel, Co-portfolio manager of Fidelity European Trust spoke to Jeff Prestridge at The Mail on Sunday to explain why he sees the trust as a vehicle that gives investors exposure to some of the world’s leading companies and why picking winners is the trust’s specialism.
Read the article
FEV has delivered consistent outperformance and strong dividend growth
Fidelity European Trust (FEV) is a core European equity fund with a long and consistent track record of outperformance.
Outlook 2025: Companies in Europe still offer compelling opportunities
Fidelity European Trust portfolio managers Sam Morse and Marcel Stötzel share their outlook for 2025 and provide an insight into how they are looking to position the portfolios against an evolving macroeconomic backdrop.
Read more
The case for European equities
Excessive government debt, low productivity, weakening demographics and heightened geopolitical uncertainty. It’s not hard to find reasons to be pessimistic about Europe. But the crucial thing for investors to remember is that whatever the fortunes of the continental European economy, this is very different from the outlook for companies in the region. Marcel Stötzel, co-portfolio manager of Fidelity European Trust PLC, presents the case for European equities.
Read more
Why quality matters in Europe
Sam Morse and Marcel Stötzel, portfolio managers of Fidelity European Trust PLC, share their outlook for European markets. Despite an uncertain macroeconomic backdrop , they explain why they believe a focus on high quality companies with strong balance sheets and sustainable dividend growth can continue to drive attractive long-term returns for investors in the region.
Read more
Kepler Trust Intelligence - latest research note on the Company
Fidelity European Trust (FEV) is a £1.5bn FTSE 250 investment trust providing investors with a core European equity strategy.
Read moreWhat’s our approach?
Sam Morse, the Portfolio Manager, aims to research and select stocks that can grow their dividends consistently, irrespective of the economic environment, believing that these companies will outperform the market over the longer term.
Sam uses a consistent process to select companies that have solid fundamentals and are able to grow their dividends over a three to five-year horizon. He focuses on attractively-valued companies, with strong balance sheets and a track record in cash generation, which have the potential to grow dividends consistently on a three to five year view. These types of companies offer a good combination of fundamental value and therefore downside protection, as well as good growth prospects which are likely to be identified by the market in the future and therefore lead to a rerating of their share price. Data shows that companies of this nature tend to outperform, however the trick is to identify those future dividend growers before they have done so and before the rest of the market. This requires patience and discipline from Sam and our extensive analyst team in London and throughout Europe.
The Trust is permitted to invest up to 20% in UK listed stocks or other stocks outside of continental Europe. This flexibility allows the trust to invest in a wider range of stocks, which meet the investment criteria.
Portfolio Manager AGM 2024 Investment Review
Your Board of Directors
Reports and Literature
Latest monthly factsheet
Contains the latest portfolio manager commentary, performance data and breakdown of the trust’s holdings.
Annual report
The latest annual report includes an update on the trust’s strategy, governance and financial performance.
Half-Yearly Report
The half-yearly report includes the Portfolio Manager’s review, financial highlights and latest portfolio holdings.
Key Information Document
This document provides you with key information about this investment product. It is not marketing material.
Additional Information
Ready to invest?
Tell us whether you are a personal investor or an investment professional, and we will show you the different ways you can invest in our trusts.
News & Insights - European Trust PLC
Fidelity European Trust reconfirmed on this year’s AJ Bell Select L…
The Fidelity European Trust is once again one of only 18 investment companies…
Marcel Stötzel
Co-Portfolio Manager, Fidelity European Trust PLC
21 March 2025
Annual Results 2024
Final Results for the year ended 31 December 2024
Fidelity
Investment Team
20 March 2025
FEV has delivered consistent outperformance and strong dividend gro…
Fidelity European Trust (FEV) is a core European equity fund with a long and …
Kepler
Trust Intelligence
21 January 2025
*The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Important information
Overseas investments are subject to currency fluctuations. The shares in the investment trust are listed on the London Stock Exchange and their price is affected by supply and demand. The investment trust can gain additional exposure to the market, known as gearing, potentially increasing volatility.