Fidelity European Values PLC Edison issues review on Fidelity European Values
19 Mai 2020 - 12:02PM
RNS Non-Regulatory
TIDMFEV
Fidelity European Values PLC
19 May 2020
London, UK, 19 May 2020
Edison issues review on Fidelity European Values (FEV)
Fidelity European Values (FEV) plans to change its name to
Fidelity European Trust later this year to better reflect its
objectives; however, there will be no change to the disciplined
investment process. Manager Sam Morse continues to focus on
cash-generative companies with strong balance sheets and
significant dividend growth potential. He has increased the trust's
level of gearing to benefit from an anticipated recovery in the
European stock market, as equity prices typically discount an
economic improvement by around six months. However, the manager is
continuing to run the portfolio in a measured way, acknowledging
that 'there is no big rush to change the portfolio, as costly
mistakes can be made'. FEV has outperformed the continental
European market over the last one, three, five and 10 years in both
NAV and share price terms.
Having experienced valuation volatility during the recent stock
market sell-off, FEV's discount is now back within its typical
range. The current 7.5% discount to cum-income NAV compares with
the 7.8% to 9.0% range of average discounts over the last one,
three and five years. FEV currently offers a 2.8% dividend
yield.
Click here to view the full report.
Subscribe to Edison's content to receive reports by email.
All reports published by Edison are free-to-access and available
on the website .
About Edison: 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,
advisers and stakeholders. Edison Advisors leverages our core
research platform to provide differentiated services including
investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct
Authority .
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information please contact Edison:
Mel Jenner, +44 (0)20 3077 5720
Sarah Godfrey, +44 (0)20 3681 2519
investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-group-
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRABKLFFBELBBBB
(END) Dow Jones Newswires
May 19, 2020 06:02 ET (10:02 GMT)
Fidelity European (LSE:FEV)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Fidelity European (LSE:FEV)
Historical Stock Chart
Von Jul 2023 bis Jul 2024