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Contact details

ManagerGroupLogo
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)

info@fidelity.co.uk

Fund managers

* Alberto Chiandetti01-Oct-2014 to Present
 
view    
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 74 / 102 85 / 94
Quartile 3 4

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 1 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 10.80 14.99
Alpha -1.53 -1.47
Beta 1.01 1.02
Sharpe 0.00 0.65
Info Ratio -0.50 -0.31
R2 0.92 0.92
Quartiles:   1  2  3  4   help with ratios
vs. IMA Europe Excluding UK»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC -6.9+22.2+23.9+24.6+5.3-10.0+12.7
  IMA EUROPE EXCLUDING UK   -5.3+30.6+36.2+33.3+3.5-4.2+8.9
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIDELITY EUROPEAN OPPORTUNITIES W ACC ACC 304.80 (p) 31-Oct-2014 0.00 0.97% GMTU B828751
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIDELITY EUROPEAN OPPORTUNITIES ACC ACC 336.20 (p) 31-Oct-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£391.0m / $626.1m (30-Sep-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
Multi-Managern/a
Indexn/a
Dividend policyMar 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Europe Ex UK Equity Mixed IMA Europe Excluding UK
Largest holdings, 30-Sep-2014
Holding (%) Rank Fund factsheet Equity factsheet
SANOFI 6.10 1 - -
NOVO-NORDISK AS 5.80 2 - -
ROCHE HOLDING LTD 5.30 3 - -
VOLKSWAGEN AG 5.00 4 - -
CREDIT SUISSE GRP AG 4.50 5 - -
LVMH MOET HENNESSY SA 3.10 6 - -
ENI 2.90 7 - -
KBC GROUPE SA 2.80 8 - -
SCHNEIDER ELEC SA 2.70 9 - -
GRAND CITY PROPERTIES SA 2.70 10 - -
Total40.90 
Regional weightings, 30-Sep-2014
Region(%)Rank 
Germany21.101 21.10% Germany
France20.702 20.70% France
Switzerland14.803 14.80% Switzerland
Denmark8.604 8.60% Denmark
Other Index / Unclassified Countries & Other8.305 8.30% Other Index / Unclassified Countries & Other
Netherlands6.906 6.90% Netherlands
Italy4.407 4.40% Italy
Spain4.308 4.30% Spain
UK3.609 3.60% UK
Ireland3.5010 3.50% Ireland
Russia3.2011 3.20% Russia
Money Market0.6012 0.60% Money Market
Total100.00 
Sector weightings, 30-Sep-2014
Sector(%)Rank 
Health Care22.801 22.80% Health Care
Financials18.602 18.60% Financials
Consumer Goods17.603 17.60% Consumer Goods
Consumer Services9.904 9.90% Consumer Services
Industrials9.005 9.00% Industrials
Basic Materials8.506 8.50% Basic Materials
Oil & Gas5.607 5.60% Oil & Gas
Technology5.508 5.50% Technology
Other Index / Unclassified1.109 1.10% Other Index / Unclassified
Telecommunications0.8010 0.80% Telecommunications
Money Market0.6011 0.60% Money Market
Total100.00 

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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Asset allocation

German Equities, 21.10%
21.1000% ofGerman Equities
French Equities, 20.70%
20.7000% ofFrench Equities
Swiss Equities, 14.80%
14.8000% ofSwiss Equities
Danish Equities, 8.60%
8.6000% ofDanish Equities
International Equities, 8.30%
8.3000% ofInternational Equities
Dutch Equities, 6.90%
6.9000% ofDutch Equities
Italian Equities, 4.40%
4.4000% ofItalian Equities
Spanish Equities, 4.30%
4.3000% ofSpanish Equities
UK Equities, 3.60%
3.6000% ofUK Equities
Irish Equities, 3.50%
3.5000% ofIrish Equities
Russian Equities, 3.20%
3.2000% ofRussian Equities
Money Market, 0.60%
0.6000% ofMoney Market

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