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02 Aug 2019 | 07:49

Fidelity European tops benchmark performance in H1

Fidelity European reported a rise in half-half year total return that topped its benchmark performance thanks to strong portfolio performance in the energy and technology sectors. For the six months ended 30 June 2019, net asset value total return rose 19.9%, outperforming its Benchmark Index which returned 17.5%. The discount to NAV narrowed from 10.7% to 7.5%, due to a share price total return of +24.5%. 'Energy and technology sectors were stand-out performers,' the company said.

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