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Fidelity European Trust –long-term opportunities in European stocks
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Latest from MoneyWeek
Marcel Stötzel, lead manager of the Fidelity European Trust (LSE: FEV) , isn’t deterred by claims that Europe’s economic record and outlook are just as dismal as the UK’s.
This puts it 11%, 31% and 33% respectively behind JP Morgan European Growth & Income (LSE: JEGI).
JP Morgan European Growth & Income had been more nimble, selling SAP early last year and Novo Nordisk the year before.
Should you invest in Fidelity European Trust?
Fidelity European Trust may have tripped up last year, but it has a great long-term record, while investors in JP Morgan European Growth & Income must hope that pride doesn't come before a fall.