The Company has announced its Half Yearly Results for the six months ending 30 June 2021.
The Board of Fidelity European Trust PLC (the “Company”) recommends an interim dividend of 2.65 pence per share.
- The Company recorded a net asset value (“NAV”) total return of +12.9%, compared with a total return of +10.9% gains for the FTSE World Europe (ex UK) Index.
- Increased gearing of the company was a significant contributor to performance.
- Semiconductor company, ASML, and luxury good companies LVMH Moët Hennessy and Hermes International, were strong performers over the period.
- The Company continues to focus on cash generative companies with strong balance sheets which have the potential to grow their dividends consistently over the next three to five years.
Please access the full results here.
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