Fidelity European Trust PLC (FEV)

Profile

https://www.fidelity.co.uk/investor/investment-trusts/european-values-plc.page

Fidelity European Trust PLC is a closed-ended investment company launched in 1991 and domiciled in the United Kingdom. Its primary objective is to achieve long-term growth in both capital and income by predominantly investing in equities and related securities of continental European companies across diversified sectors and all market capitalizations, with a focus on value-oriented growth stocks. The trust benchmarks its performance against the FTSE World Europe ex UK Index Total Return and employs moderate gearing, typically around 10-12%, to enhance returns. Key holdings include leading firms such as ASML Holding (6.99%), Roche Holding (5.85%), Nestlé (4.27%), TotalEnergies (4.03%), and Richemont (3.61%), with significant sector allocations to financial services (26%), industrials (19%), and healthcare (13%), and geographic emphasis on France (25%), Switzerland (23%), and Germany (11%). Managed by Fidelity International with an ongoing charge of 0.68%, it distributes semi-annual dividends yielding approximately 2%, supported by total net assets exceeding £2.5 billion and a market capitalization around £2.2 billion, playing a key role in providing investors exposure to Europe's dynamic equity markets.