Fidelity’s, Berenberg’s and Mirabaud’s stock picks to play the European IT, financials and industrials sectors
Europe has enjoyed a renaissance over the past year as the market has surged despite headwinds including the Russia-Ukraine war, a potentially behind-the-curve central bank and high inflation.
The market has surged over 12 months, with the MSCI Europe ex UK index up 10.5%, ahead of the S&P 500, MSCI World and FTSE All Share indices, as the below chart shows. Much of its gains have been recent. Since the calendar turned over to 2023 the European index is up 8.8%.
Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.
