Report

Review: Maintaining a focus on consistent dividend growth

Fidelity European Values (FEV) provides selective exposure primarily to continental European equities, seeking to achieve long-term capital growth through investing in companies able to grow dividends consistently over a three- to five-year time horizon. FEV has outperformed its benchmark over three, five and 10 years and, while underperforming during the later stages of the recent market rally, has outperformed in June and July 2014 as the market has weakened. While the manager has a cautious view of the European market outlook, he sees scope for FEV to outperform based on the portfolio’s potential to deliver dividend growth ahead of the index.
Underlying
Fidelity European Values PLC

Fidelity European Values operates as an investment company with a managed portfolio of investments, consisting primarily of continental European securities. Co.'s Portfolio Manager focuses on attaining a total return on Co.'s total assets over the longer term in excess of the Benchmark Index, the FTSE World Europe (ex UK) Index. Co. may utilize derivative instruments, including index-linked notes, futures, contracts for difference, covered call options, put options and other equity-related derivative instruments as a tool to meet its investment objective.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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