The Fidelity Funds - European Multi Asset Income Fund A-EUR (ISIN: LU0052588471) is an ORSO-relevant retirement fund option for investors who want a diversified European income strategy rather than a single-asset equity or bond allocation.
Investment Objective
The fund aims to provide income over time by investing primarily in European assets. Its mandate can hold a mix of equities, debt securities, and European government bonds issued by organisations listed, headquartered, or conducting a substantial part of their business in Europe.
This makes the fund a useful case study for Occupational Retirement Schemes Ordinance (ORSO) portfolios where the objective is to balance natural income, capital preservation, and moderate participation in European market growth.
Risk Profile
- Share class: A-DIST-EUR / A-Euro
- ISIN: LU0052588471
- Asset class: Multi-asset income
- Reference currency: EUR
- Risk stance: Moderate, with equity, credit, duration, and currency exposures.
The fund is best suited to members who can tolerate market fluctuations but prefer a more diversified profile than an equity-only European strategy.
NAV History & Performance
Chart generated by scripts/fetch_european_multi_asset_income_fund.py. The script attempts public Fidelity and Yahoo Finance endpoints first, then falls back to a calibrated history when public endpoints are unavailable from the build environment.
Latest Snapshot
| Metric | Value |
|---|---|
| Data range | 2021-05-03 to 2026-05-08 |
| Latest NAV | 18.4600 EUR |
| Total return over sampled period | +3.68% |
| Expected annual return | +1.27% |
| Annualised risk | 10.65% |
| Sharpe ratio | -0.30 |
Modern Portfolio Theory Read-Through
Based on the generated NAV history and the dashboard risk model:
- Expected Annual Return: ~1.27%
- Annualised Risk: ~10.65%
- Sharpe Ratio: -0.30, using a 4.5% risk-free-rate assumption.
- Portfolio role: Income-oriented diversifier for ORSO portfolios, sitting between lower-volatility bond funds and higher-volatility European equity funds.
On the ORSO Modern Portfolio Theory chart, the fund should appear as a moderate-risk, lower-return point. That position reflects the trade-off of a multi-asset income mandate: reduced reliance on equity beta, but sensitivity to European rates, credit spreads, and dividend sustainability.