Evidence and analysis
Fidelity Funds - European Dynamic Growth Fund A-ACC-Euro
The Fidelity Funds - European Dynamic Growth Fund A-ACC-Euro is an actively managed European equity fund designed to capture long-term capital appreciation through growth-oriented stock selection.
Investment Objective
Latest Official Fund Data
| Metric | Current official value |
|---|---|
| NAV (EUR) | 34.8900 |
| NAV date | 14/08/2026 |
| Daily NAV change | +0.0000 (+0.00%) |
| 1-year performance | +0.75% (as of 31/07/2026) |
| 3-year performance | +1.29% (as of 31/07/2026) |
| Fund type | Equity Fund |
| ISIN | LU0261959422 |
Source: Fidelity Hong Kong mutual-fund directory, retrieved 15 August 2026 (Hong Kong time). Fidelity states that the displayed NAV is sourced from Morningstar Asia Limited and performance is sourced from Fidelity. Performance is NAV-to-NAV in the fund’s denominated currency, with dividends reinvested, including ongoing charges and excluding subscription and redemption fees.
Portfolio Manager
Fabio Riccelli
The fund seeks long-term capital growth by investing primarily in equities of companies listed in, headquartered in, or materially exposed to Europe.
Key Features
- Geographic Focus: Europe.
- Asset Class: Equities.
- Style Bias: Dynamic growth-oriented active management.
- Share Class: A-ACC-Euro.
Performance and Risk Analysis
The NAV history below is generated using the latest available source path in the data pipeline, with a deterministic calibrated fallback if direct APIs are unavailable.
Modern Portfolio Theory (MPT) Metrics
The following metrics are calculated on the historical NAV series:
- Expected Annualised Return: See MPT chart on the main fund page.
- Annualised Risk (Std Dev): See MPT chart on the main fund page.
- Sharpe Ratio: Evaluated against a risk-free rate of 4.5%.
Market Context
European growth investing can be cyclical and sensitive to earnings revisions, valuation dispersion, monetary policy, and sector composition. A dynamic approach typically rotates toward companies with stronger earnings momentum and structural growth drivers.
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.