Fidelity European Trust: 9.6% Share Price Return Amid Strong Continental Market Rally

Fidelity

Fidelity European Trust PLC (LON:FEV) monthly factsheet for February 2025.

Portfolio Manager Commentary 

Continental European equities continued their upward trajectory in February and have delivered strong returns on a year-to-date basis, outperforming US equity markets. Strong corporate earnings and optimism over a potential resolution to the Ukraine war contributed to the positive sentiment.   

The Trust underperformed the index during the month, primarily due to weak stock picking and overweight positioning in the industrials and financials sectors, while the impact of gearing was neutral. Following the positive reaction to results reported in January, the Trust’s holding in ASML came under pressure following reports that the US government is considering additional restrictions on semiconductor exports to China. The Trust’s exposure to private equity businesses Partners Group and EQT detracted as investors adjusted their expectations for US rate cuts following stronger-than-anticipated inflation data. Positively, Nestlé was the biggest contributor to the relative performance. Shares advanced after the company reported better than expected fiscal year 2024 results.   

Our focus is on finding attractively valued companies with good prospects for cash generation and dividend growth over the longer term. During the 12-month period ended in February 2025, the Trust recorded NAV and share price returns of 7.3% and 9.6% respectively, compared to the FTSE World Europe (ex UK) Index that returned 10.5%.  

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

Share on:
Find more news, interviews, share price & company profile here for:
European equities may not always grab the headlines, but according to Sam Morse and Marcel Stötzel, portfolio managers at Fidelity European Trust PLC (LON:FEV), the region presents a compelling investment case.
Explore the January 2025 performance of Fidelity European Trust PLC (LON:FEV) as it navigates European equities, market trends, and investment strategies.
Discover diverse investment opportunities with UK-listed funds. From high-yielding REITs to international growth, explore insights for informed decisions.
Fidelity European Trust PLC (LON:FEV) excels in European equities with a 54% 5-year return, offering robust dividends and a key role in diversified portfolios.
Explore Fidelity European Trust's strategic outlook for 2025 as Sam Morse and Marcel Stötzel discuss portfolio positioning amid global economic challenges.
Explore Fidelity European Trust PLC's November 2024 factsheet and insights on European equities' performance amid US trade concerns and Eurozone politics.

Search

Search