Fidelity European Trust Factsheet – July volatility, Legrand and Bankinter gains

Fidelity

Continental European equities were volatile in July, with the Trust underperforming the index due to weak stock selection in financials and healthcare. Novo Nordisk and ASML detracted, while Legrand and Bankinter contributed positively. Over 12 months, the Trust’s NAV rose 1.8% and the share price 1.7%, compared with an 11.3% gain for the index.

16.7% YTD return hails Fidelity European Trust’s strong credentials

Fidelity

Despite market headwinds, the Trust demonstrated resilience with standout contributions from Legrand and EQT and positive sector positioning. Over the past 12 months, NAV rose 2.3% and share price 5.5%, reflecting our focus on cash‑generative, dividend‑growing companies.

Trade winds stirring European equities

Fidelity European Trust

Hopes of renewed US-EU trade talks have sparked a strategic shift in European markets, with tech and select export-oriented firms emerging as prime beneficiaries.

How Europe is beginning to redraw the map

Fidelity European Trust

In June 2025, Europe’s STOXX 600 index shows signs of recovery as geopolitical tensions ease. This shift reflects broader market resilience and strategic investment opportunities.

What European investors should watch this week

Fidelity European Trust

European equity markets show resilience as geopolitical tensions and central bank decisions shape investor sentiment. Traders navigate inflation risks and corporate developments this week.

Defence boom sends European stocks soaring

Fidelity European Trust

As geopolitical tensions rise, Europe’s defence sector is booming, attracting investors keen on capitalising on military budget increases and strategic initiatives.