The Fidelity Funds - Europe Equity ESG Fund (A-ACC-Euro) seeks long-term capital growth by investing primarily in equity securities of European companies while applying an ESG (Environmental, Social, and Governance) integration approach to the investment process.
Investment Objective
The fund invests in European equities with a focus on companies that demonstrate strong or improving ESG characteristics. ESG integration helps the fund manager identify companies better positioned for long-term sustainable growth while avoiding those exposed to significant ESG-related risks.
ESG Integration
Fidelity’s ESG approach typically includes:
- Proprietary ESG ratings based on internal research and data analysis
- Exclusions for companies involved in controversial weapons, tobacco, and certain other activities
- Engagement with portfolio companies on material ESG issues
- ESG momentum consideration, favouring companies improving their ESG profiles
European Equity Market
Europe offers a diverse investment universe spanning healthcare, industrials, financials, consumer staples, and luxury goods across major economies including Germany, France, the UK, the Netherlands, Switzerland, and the Nordics.
Currency
Denominated in Euro, suitable for Eurozone investors without currency hedging costs.
Risk Considerations
European equity risk, ESG-related portfolio constraints that may limit diversification, currency risk for non-Euro investors, and macroeconomic risks unique to the European region (e.g., energy policy, geopolitical tensions).
Risk & Return Metrics
Share class: A-ACC-USD | ISIN: LU0997586432 | Data: yfinance (1004 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0426% | 11.33% |
| Risk (Std Dev) | 0.8950% | 14.21% |
| Metric | Value |
|---|---|
| First NAV | 13.5600 |
| Last NAV | 19.9700 |
| Total Return (period) | 47.27% |