Company summary
Fidelity European Trust invests mainly in Continental European companies and seeks long-term growth in both capital and income. The portfolio emphasises businesses with durable competitive advantages and dependable cash generation.
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FEV
Fidelity European Trust
Investment Trusts
- Index
- FTSE 250
- ISIN
- Not specified
- Book status
- 2026 edition — current
Key activities
Active investment in European listed equities across financials, industrials, healthcare, consumer and technology sectors, with selective gearing.
Key markets
Continental Europe excluding the UK, although many portfolio companies operate globally and earn substantial revenue outside Europe.
Key drivers
European corporate earnings, stock selection, valuations, interest rates, economic growth, currency movements, dividends and the performance of globally competitive European companies.
Key risks
European economic weakness, stock-selection errors, currency movements, political risk, gearing and the shares trading at a persistent discount to net asset value.
Recent Developments
18 March 2026: annual results showed a 16.2% NAV total return and 21.1% share-price return for 2025, although the benchmark gained 27.9%. The total dividend was increased 8.8% to 9.9p.
Dividend notes
Pays twice yearly and seeks a progressive dividend in normal circumstances. The 2025 final dividend of 6.0p went ex-dividend on 26 March 2026 and was paid on 19 May, taking the 2025 total to 9.9p.
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