Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Fidelity European Opportunities A Acc

Ranked 75 out of 110 in - Europe Excluding UK over 12 months
All calculations are in GBP

Managed by

Colin Stone

Before entering the world of investment management, Colin Stone took a masters in engineering from Cambridge. He went on to complete an MEng Engineering at Herriot-Wyatt University in 1984 and then worked as a petroleum engineer for Britoil. Stone joined Fidelity as a research analyst in 1987 and became a portfolio manager three years later. He looks for companies that are under-researched or not adequately understood, and consequently undervalued. Companies at the forefront of niche markets are also ones that he prefers. This investment approach is applied to his Fidelity European Smaller Companies fund. He is also responsible for the Fidelity European Opportunities unit trust and several institutional funds.

Objective

The Fund's investment objective is to achieve long term capital growth from a portfolio primarily made up of the shares of continental European companies. The portfolio will be made up of a blend of larger, medium and smaller sized companies. The ACD is not restricted in the choice of company either by size or industry, or in terms of the geographical split of the portfolio, which is largely determined by the availability of attractive investment opportunities rather than the outlook for each market. Derivatives may also be used for efficient portfolio management purposes.

Performance

Europe Excluding UK over : 31/08/2013 - 31/08/2014

Total Return

Quarterly Performance

to 29/08/2014 Annual Q1 Q2 Q3 Q4
2014 -2.5% 2.4% -2.1% -2.8%
2013 19.9% 8.0% -1.6% 6.1% 6.4%
2012 21.5% 14.7% -10.1% 10.8% 6.4%
2011 -20.9% 1.5% 1.5% -26.0% 3.8%
2010 10.6% 5.6% -13.6% 12.7% 7.5%
2009 31.5% -9.3% 15.7% 23.8% 1.3%
2008 -31.8% -8.7% -2.9% -16.8% -7.5%
2007 17.5% 4.3% 5.9% 2.9% 3.4%
2006 20.2% 13.7% -4.5% 2.2% 8.4%
2005 27.7% 4.8% 5.2% 11.7% 3.7%
2004 17.1% 1.1% 1.8% 0.7% 13.0%
2003 33.5% -5.6% 18.8% 7.3% 11.0%
2002 -26.7% 8.3% -16.2% -29.2% 14.0%
2001 -16.2% -9.9% -0.7% -23.1% 21.8%
2000 1.8% 12.2% 0.0% -0.8% -8.6%
1999 23.8% -2.0% 3.1% -4.8% 28.7%
1998 29.2% 20.2% 10.9% -20.1% 21.3%
1997 37.7% 15.7% 9.4% 10.2% -1.3%
1996 13.0% 9.5% 4.9% 0.8% -2.4%
1995 3.9% 1.6% 2.3%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/07/2014

Top 10 Holdings

Stock Size
Novo Nordisk A/S ORD 6.55
Volkswagen AG PFD 6.38
Sanofi SA ORD 5.31
ROCHE HOLDING G PAR 4.88
Credit Suisse Group AG ORD 4.08
LVMH Moet Hennessy Louis Vuitton SA ORD 3.08
Eni SpA ORD 2.95
Schneider Electric SE ORD 2.83
KBC Groupe SA ORD 2.64
Linde AG ORD 2.59
31/07/2014

Registered For Sale In

  1. France
  2. Guernsey
  3. Ireland
  4. Jersey
  5. United Kingdom

Fund Info

  • Launch date12/09/1988
  • Share Class size377Mn
  • Base currencyGBP
  • ISIN GB0003874913

Purchase Info

  • Min. initial investment100,000
  • Min. additional investment5,000

Charges

  • Annual management1.5%
  • Initial investment3.5

Related News

Hold or Fold?: Gartmore and Fidelity line up their European funds

Sector watch - Odey's Al-Chalabi bucks negative trend in Europe

Fund Manager of the Day – AA Rated Colin Stone

AA rated by Citywire, Colin Stone has outperformed the average manager consistently and achieved a rating from Citywire for the entire time he has been eligible to receive one.

HSBC is first to depolarise, but investor beware

Depolarisation is now a reality and HSBC bank is the first high street institution to ‘multi-tie,’ offering a variety of financial products from a number of different product providers, but investors should still be wary.

Serero quits Fidelity

European specialist Thierry Serero has left Fidelity Investments apparently 'to take some time off'.

Fidelity hat-trick for ISA season

Fidelity has packaged three of its core worldwide unit trusts into the Fidelity Triple 2002 ISA, which offers exposure to Europe, the UK and American markets.

Invesco's European small-cap fund downgraded

Claire Griffiths’ Invesco GT European Smaller Companies unit trust has been downgraded by Standard & Poor’s Fund Services from AAA to AA amid concern over its ‘two years of underperformance’.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).