Fidelity European Trust is one of only 20 investment companies selected by AJ Bell’s investment specialists for their Investment Trust Select List.

In an interview with AJ Bell's Shares Magazine Sam Morse, Lead Portfolio Manager and Marcel Stötzel, Co-Portfolio Manager at Fidelity European Trust PLC, discuss their roles within the trust, the trust’s investment process and how this differentiates it from its wider peer group. They also talk us through generating ideas for the trust and how it has performed over the last 5 years.

This interview with Sam Morse and Marcel Stötzel is produced, recorded and distributed by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest. Shares is provided for your general information and use and is not a personal recommendation to invest. AJ Bell Youinvest does not offer advice, so it’s important you understand the risks. If you’re unsure please consult a suitable qualified financial adviser.

Important information

The value of investments and the income from them can go down as well as up, so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. Changes in currency exchange rates may affect the value of an investment in overseas markets. The Fidelity European Trust PLC can use financial derivative instruments for investment purposes, which may expose them to a higher degree of risk and can cause investments to experience larger than average price fluctuations. The shares in the investment trusts are listed on the London Stock Exchange and their price is affected by supply and demand. The investment trusts can gain additional exposure to the market, known as gearing, potentially increasing volatility. Reference to specific securities should not be construed as a recommendation to buy or sell these securities and is included for the purposes of illustration only. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

The latest annual reports and factsheets can be obtained from our website at www.fidelity.co.uk/its or by calling 0800 41 41 10. The full prospectus may also be obtained from Fidelity. The Alternative Investment Fund Manager (AIFM) of Fidelity Investment Trusts is FIL Investment Services (UK) Limited. Issued by Financial Administration Services Limited, authorised and regulated by the Financial Conduct Authority. Fidelity, Fidelity International, the Fidelity International logo and F symbol are trademarks of FIL Limited.

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