Fidelity Europe Fund

The Fidelity Europe Fund (FIEUX) is an open-end mutual fund managed by Fidelity Investments, headquartered in Boston, MA, that has been in operation since October 1986. The fund seeks long-term capital appreciation by investing at least 80% of its assets in securities of European issuers and other investments tied economically to Europe, with a focus on large-cap growth equities spanning key markets such as the Eurozone, the United Kingdom, and non-Euro European regions. Currently managed by Faris Rahman, the fund employs rigorous fundamental analysis to evaluate issuers' financial stability, competitive positioning, and broader macroeconomic conditions, with top holdings including SAP SE, AstraZeneca PLC, and ASML Holding NV across sectors such as Financial Services, Industrials, Healthcare, and Technology. With approximately $985 million in assets under management, FIEUX operates as a no-load fund with a net expense ratio below the category average, making it a cost-competitive option for investors seeking diversified exposure to European equity markets.