384. European investing with a risk-aware edge

Marcel Stotzel shares how his team manages the Fidelity European Trust with a focus on quality, downside protection and sustainable dividend growth. We cover the recent merger with the Henderson European Trust, the benefits of scale and liquidity and how high-quality companies are navigated amid market rotations and higher rates. Marcel also discusses the evolving European investment landscape, domestic opportunities and why they have selective exposure to AI.What’s covered in this episode: The trust’s risk-aware approachDividend growth as a performance driverThree benefits of the Henderson European Trust mergerNavigating market rotations and high ratesCurrent opportunities in domestic EuropeBuilding a balanced portfolioSelective exposure to the AI themeLeveraging global research networksInsights on valuation and long-term growthLearn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.