Fidelity European Values (FEV)

Sector:

Investment Firms

Index:

FTSE 250

264.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 272.00
  • 52 Week Low: 187.40
  • Currency: UK Pounds
  • Shares Issued: 411.47m
  • Volume: 346,431
  • Market Cap: 1,086.27m
  • RiskGrade: 150

Fidelity European beats benchmark but remains cautious

By Duncan Ferris

Date: Friday 02 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Fidelity European Values on Friday reported that it outperformed its benchmark index in the first half of the year, though the company warned investors of "a difficult period" ahead.
The FTSE 250-listed investment trust said that net asset value total return rose 19.9% for the six months ended 30 June, outperforming its benchmark index which returned 17.5% following strong contributions from 3i Group, LVMH Group and SAP.

Meanwhile, the discount to net asset value narrowed from 10.7% to 7.5%, due to a share price total return of 24.5% as the energy and technology sectors stood out as the standout performers.

The fund said that as all asset classes had risen this year in anticipation of easier monetary policy, there was a risk that investors would be disappointed by the scale of monetary easing in the months ahead or if that easier policy fails to kick-start global economic and corporate earnings growth.

"The portfolio manager will, as always, continue to focus on attractively-valued companies which are able to sustain consistent dividend growth. The challenge of finding companies that meet both of those conditions has led to a reduction in the number of names in the portfolio. This suggests that the stock markets of continental Europe may be due a more difficult period ahead," said the trust.

Fidelity European Values' shares were down 1.45% at 250.32p at 1036 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FEV Market Data

Currency UK Pounds
Share Price 264.00p
Change Today -0.50p
% Change -0.19 %
52 Week High 272.00
52 Week Low 187.40
Volume 346,431
Shares Issued 411.47m
Market Cap 1,086.27m
RiskGrade 150

FEV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.45% below the market average75.45% below the market average75.45% below the market average75.45% below the market average75.45% below the market average
79.41% below the sector average79.41% below the sector average79.41% below the sector average79.41% below the sector average79.41% below the sector average
Price Trend
74.07% above the market average74.07% above the market average74.07% above the market average74.07% above the market average74.07% above the market average
81.42% above the sector average81.42% above the sector average81.42% above the sector average81.42% above the sector average81.42% above the sector average
Income
42.86% below the market average42.86% below the market average42.86% below the market average42.86% below the market average42.86% below the market average
21.84% below the sector average21.84% below the sector average21.84% below the sector average21.84% below the sector average21.84% below the sector average
Growth
31.43% above the market average31.43% above the market average31.43% above the market average31.43% above the market average31.43% above the market average
27.61% above the sector average27.61% above the sector average27.61% above the sector average27.61% above the sector average27.61% above the sector average

FEV Dividends

  Latest Previous
  Final Interim
Ex-Div 26-Mar-20 26-Sep-19
Paid 15-May-20 01-Nov-19
Amount 3.88p 2.59p

Trades for 08-Jul-2020

Time Volume / Share Price
16:38 15,000 @ 265.75p
16:35 9,671 @ 264.00p
16:23 1,306 @ 265.00p
16:23 1,877 @ 265.00p
16:22 2,209 @ 265.00p

FEV Key Personnel

Chair Vivian Bazalgette

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