Hardman & Co Research - A commendable performance
Hardman & Co Research on Fidelity European Trust Plc (FEV):
A commendable performance in a difficult year
In our most recent note, Continued resilience in difficult markets, published on 23 November 2022, we analysed how FEV had performed YTD, and highlighted a few of the macro issues that dominated the European equity markets during 2022. In this note, we look back at the 2022 performance, putting it in its longer-term historical context and comparing it with FEV's peer group performance in 2022. We touch briefly on the outlook for 2023, but we also remind investors that FEV's long-term track record is driven by bottom-up stock selection.
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