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Contact details

Oakhill House, 130 Tonbridge Road, Hildenborough, Tonbridge, Kent, TN11 9DZ
0800 783 9646 (Fax Number)
0800 41 41 61 (Investor Helpline)
44 1737 83 8000 (Main Number)

Fund managers

* Alberto Chiandetti01-Oct-2014 to Present
Colin Stone»20-Jan-2003 to 30-Sep-2014
Thierry Serero»01-Jul-1996 to 19-Jan-2003
Sally Walden»12-Sep-1988 to 30-Jun-1996

Investment objectives

The fund aims to provide long-term capital growth. It invests primarily in the shares of continental European companies and has the freedom to invest outside the fund’s principal geographies, market sectors, industries or asset classes. It 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.

Key Information

Fund vs sector

  1y 3y
Position 86 / 102 81 / 94
Quartile 4 4

Fund ratings

NeutralMstar OBSR
FE Crown Rating: 1 FE Crown Rating


  1y 3y
Volatility 11.10 12.62
Alpha -2.06 -1.61
Beta 1.07 0.98
Sharpe 0.00 0.80
Info Ratio -0.63 -0.48
R2 0.93 0.90
Quartiles:   1  2  3  4   help with ratios
vs. IMA Europe Excluding UK»
performance chart
ACC -1.2+44.8+25.8+16.6+25.7-22.1+11.5
  IMA EUROPE EXCLUDING UK   +1.4+53.0+39.6+22.4+23.3-16.8+9.6
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIDELITY EUROPEAN OPPORTUNITIES W ACC ACC 313.20 (p) 22-Dec-2014 0.00 0.97% GMTU B828751
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIDELITY EUROPEAN OPPORTUNITIES ACC ACC 345.00 (p) 22-Dec-2014 0.00 1.72% FI82 0387491

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£381.1m / $595.0m (31-Oct-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch12-Sep-1988
Pricing times12:00 Daily Dealing frequencySeven days per week
Dealing timesMon-Fri 09:00 to 18:00
Minimum initial£ 1,000
Minimum additional£ 250
Initial charge3.50%
Annual management charge1.50%
Note to chargesInitial Charges: max.;
Trustee / DepositaryJP Morgan Trustee and Depositary Company Ltd
RegistrarFidelity Investment Services Limited
Dividend policyMar 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Europe Ex UK Equity Mixed IMA Europe Excluding UK
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
SANOFI 5.70 1 - -
NOVO-NORDISK AS 3.70 4 - -
VOLKSWAGEN AG 3.30 6 - -
ING GROEP N.V. 3.20 7 - -
THALES 3.10 8 - -
KBC GROUPE SA 2.90 9 - -
LINDE AG 2.60 10 - -
Regional weightings, 31-Oct-2014
France21.201 21.20% France
Germany18.302 18.30% Germany
Switzerland16.403 16.40% Switzerland
Netherlands9.004 9.00% Netherlands
Other Index / Unclassified Countries & Other7.005 7.00% Other Index / Unclassified Countries & Other
Denmark5.906 5.90% Denmark
Money Market5.107 5.10% Money Market
UK4.208 4.20% UK
Italy3.409 3.40% Italy
Spain3.4010 3.40% Spain
Russia3.2011 3.20% Russia
Belgium2.9012 2.90% Belgium
Sector weightings, 31-Oct-2014
Health Care20.901 20.90% Health Care
Financials17.902 17.90% Financials
Consumer Goods16.803 16.80% Consumer Goods
Industrials10.504 10.50% Industrials
Consumer Services9.205 9.20% Consumer Services
Basic Materials7.306 7.30% Basic Materials
Technology5.407 5.40% Technology
Oil & Gas5.108 5.10% Oil & Gas
Money Market5.109 5.10% Money Market
Other Index / Unclassified1.5010 1.50% Other Index / Unclassified
Telecommunications0.3011 0.30% Telecommunications

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

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Investment options

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life See Fidelity European Opportunities fund as a life fund
pension See Fidelity European Opportunities fund as a pension fund


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Asset allocation

French Equities, 21.20%
21.2000% ofFrench Equities
German Equities, 18.30%
18.3000% ofGerman Equities
Swiss Equities, 16.40%
16.4000% ofSwiss Equities
Dutch Equities, 9.00%
9.0000% ofDutch Equities
International Equities, 7.00%
7.0000% ofInternational Equities
Danish Equities, 5.90%
5.9000% ofDanish Equities
Money Market, 5.10%
5.1000% ofMoney Market
UK Equities, 4.20%
4.2000% ofUK Equities
Spanish Equities, 3.40%
3.4000% ofSpanish Equities
Italian Equities, 3.40%
3.4000% ofItalian Equities
Russian Equities, 3.20%
3.2000% ofRussian Equities
Belgian Equities, 2.90%
2.9000% ofBelgian Equities

FE Adviser Fund Index

Sector analysis


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