Fact sheet: Fidelity European

Fund information
Fund name
Fidelity European A Acc EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Victoire De Trogoffsince 19/11/2012
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in shares of companies which have either their head office in or are quoted on stock exchanges of a European Union (EU) member state or a European Economic Area (EEA) member state. The fund may also invest up to 25% of its net assets in non-EU/EEA equity markets (other OECD countries and emerging markets). Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments are concentrated in the shares of a more limited number of companies and therefore the resulting portfolio will be less diversified. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term Investment.
Benchmark
  • MSCI Europe
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-3.6%
1 Year rank in sector
121/227
Sector
FO Equity - Europe inc UK
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.94%
Fund size
£264m (£282m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
93
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC27%
IVI European26.6%
GS Eur CORE Eq Portfolio22.2%
JOHCM European Sel Val17.8%
EP Pan European Opportunities17.1%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK27.7%
    France21%
    Germany11.5%
    Switzerland10.7%
    Netherlands7%
  • Financials16.5%
    Industrials16.4%
    Health Care14.3%
    Consumer Staples13.1%
    Consumer Discretionary10.7%
  • UK Equities27.7%
    French Equities21%
    German Equities11.5%
    Swiss Equities10.7%
    Dutch Equities7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.6%1.1%1.2%-3.6%15.7%65%
Sector3.3%-1.1%-0.6%-4.3%15.4%60.7%
Rank within sector69 / 23373 / 23492 / 232121 / 227119 / 20095 / 175
Quartile2nd2nd2nd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-3.5%9.6%5.6%21.2%18.8%
Sector-3.7%11.1%4.2%21.1%17.6%
Rank within sector111 / 228120 / 21396 / 200105 / 18896 / 177
Quartile2nd3rd2nd3rd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.09
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.97
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.3
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.19
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.07
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.93
Price movement
52 week high14.94
52 week low12.29
Current bid price-
Current offer price-
Current mid price14.27
Region
1UK27.7%
2France21%
3Germany11.5%
4Switzerland10.7%
5Netherlands7%
6Spain6.2%
7Denmark4.4%
8Italy4.1%
9Money Market2.1%
Industry sector
1Financials16.5%
2Industrials16.4%
3Health Care14.3%
4Consumer Staples13.1%
5Consumer Discretionary10.7%
6Energy10.5%
7Information Technology5.1%
8Materials4.3%
9Telecommunications Utilities4.1%
Asset type
1UK Equities27.7%
2French Equities21%
3German Equities11.5%
4Swiss Equities10.7%
5Dutch Equities7%
6Spanish Equities6.2%
7Danish Equities4.4%
8Italian Equities4.1%
9International Equities2.1%
Individual holdings
1NESTLE SA4.43%
2BRITISH AMERICAN TOBACCO2.88%
3ROYAL DUTCH SHELL2.69%
4TOTAL SA2.67%
5ROYAL DUTCH SHELL2.61%
6SAP SE2.6%
7SHIRE PLC2.41%
8KONINKLIJKE PHILIPS NV2.12%
9ROCHE HLDG AG2.1%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in shares of companies which have either their head office in or are quoted on stock exchanges of a European Union (EU) member state or a European Economic Area (EEA) member state. The fund may also invest up to 25% of its net assets in non-EU/EEA equity markets (other OECD countries and emerging markets). Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments are concentrated in the shares of a more limited number of companies and therefore the resulting portfolio will be less diversified. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term Investment.
Benchmark
  • MSCI Europe
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Victoire De Trogoff19/11/2012Victoire De Trogoff Joined Fidelity in the year 2002. Victoire's investment style focuses on bottom-up stock picking, combining local insight and a global perspective in her stock assessment. Research analysis forms the bedrock of the approach, enabling Victoire to construct a high conviction portfolio, across the market cap spectrum. Her “go-anywhere” approach enables Victoire to identify companies that are creating value, regardless of traditional investment styles. Victoire is a bottom-up stock picker; sector weightings or any thematic positioning will result from individual stock selection.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Malta, Netherlands, Norway, Offshore, Oman, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden
Fidelity European A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price14.27
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQH48
Fidelity European A Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.583
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFHJV
Fidelity European A Hedged Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.87
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4SZ
Fidelity European E Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.69%
Total expense ratio (TER)2.68%
Bid price-
Offer price-
Mid price13.15
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC7A2
Fidelity European Y Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price11.63
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFM8
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