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
12.5%
1 Year rank in sector
125/228
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
£290m (£246m 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.
99
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC46.9%
EP Pan European Opportunities34.1%
GS Eur CORE Eq Portfolio30.8%
IVI European30.7%
EDRF Eur Synrg30.5%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK32.3%
    France20%
    Germany12.4%
    Switzerland7.2%
    Italy7%
  • Health Care18.1%
    Financials14.6%
    Industrials13.8%
    Consumer Discretionary11.5%
    Consumer Staples11.5%
  • UK Equities32.3%
    French Equities20%
    German Equities12.4%
    Swiss Equities7.2%
    Italian Equities7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.5%6.6%14%12.5%22%60.9%
Sector3.7%6.5%12.9%12.5%22.5%63.8%
Rank within sector96 / 235135 / 233119 / 231125 / 228120 / 199114 / 175
Quartile2nd3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund7.7%-0.5%9.6%5.6%21.2%
Sector8.2%-0.6%11.1%4.2%21.1%
Rank within sector152 / 233118 / 225114 / 20690 / 195103 / 181
Quartile3rd3rd3rd2nd3rd
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.
-0.07
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.
0.99
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.
0.18
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%.
12.69
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.
3.4
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.
-0.04
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 high15.87
52 week low12.46
Current bid price-
Current offer price-
Current mid price15.85
Region
1UK32.3%
2France20%
3Germany12.4%
4Switzerland7.2%
5Italy7%
6Netherlands6.2%
7Spain6.1%
8Denmark3.7%
9Money Market1.9%
Industry sector
1Health Care18.1%
2Financials14.6%
3Industrials13.8%
4Consumer Discretionary11.5%
5Consumer Staples11.5%
6Energy10.2%
7Materials7.3%
8Information Technology4.9%
9Telecommunications Utilities3.3%
Asset type
1UK Equities32.3%
2French Equities20%
3German Equities12.4%
4Swiss Equities7.2%
5Italian Equities7%
6Dutch Equities6.2%
7Spanish Equities6.1%
8Danish Equities3.7%
9Money Market1.9%
Individual holdings
1ROYAL DUTCH SHELL4.7%
2NESTLE SA3.9%
3ROCHE HLDG AG3.3%
4BRITISH AMERICAN TOBACCO3%
5NOVO-NORDISK AS2.4%
6BP2.3%
7SANOFI2.3%
8BAYER AG2.2%
9SAP SE2.1%
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 price15.85
CurrencyEUR
Price updated27/04/2017
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)1.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.76
CurrencyUSD
Price updated27/04/2017
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 price12.12
CurrencyUSD
Price updated27/04/2017
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 price14.56
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC7A2
Fidelity European Y Acc EUR
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price12.96
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFM8
Data provided by

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