Evidence and analysis
- Share-class currency
- EUR
- ISIN
- LU0261959422
- Hedging status
- Not inferred from currency; consult the exact share-class factsheet.
The fund's base currency, shown in the prospectus description below, can differ from this share class's dealing currency. All benchmark comparisons above use the stated share-class currency.
Benchmark: MSCI Europe Index (Net)
| Period | Fund | Index | Gap (pp) |
|---|---|---|---|
| 1 year | 2.6% | 16.5% | -13.9 |
| 1-year: Underperforming | |||
| 3 years | 6.9% | 51.3% | -44.4 |
| 3-year: Underperforming | |||
Gap = fund minus index in percentage points. Returns are cumulative, with dividends reinvested, in the share class currency. Includes ongoing charges; excludes entry/exit fees. Based on Fidelity's rounded comparison table. A negative gap indicates underperformance for that period.
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) | 33.3900 |
| NAV date | 2026-10-23 |
| Daily NAV change | -0.0200 (-0.0599%) |
| 1-year performance | 2.6074% |
| 3-year performance | 6.9374% |
| Performance date | 2026-09-30 |
| Fund type | Equity Fund |
| ISIN | LU0261959422 |
Source: Fidelity Hong Kong mutual-fund directory, retrieved 2026-10-26. Observation dates are shown separately; performance figures are reproduced from the official directory in the share class currency. Historical risk and return analysis below has not been recalculated by this directory refresh.
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.