The eurozone’s economies have been weak and could get weaker still but that doesn’t seem to have got in the way of Fidelity European Values.
The £1 billion investment trust has trounced its benchmark over recent as well as longer-term periods, despite the bloc battling with weak inflation such that the European Central Bank is widely predicted to cut interest rates this year in an attempt to stimulate growth. Even the trust itself warns in its latest monthly report to shareholders that the outlook for the region is uncertain but the returns seem to keep on coming nevertheless.
Fidelity European Values was launched in late 1991 and its brief is to chase capital and income growth over the long run by investing almost exclusively in