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A bargain way to buy Europe’s best

A country’s stock market is not a perfect mirror of its economy. In fact, depending on times and circumstances, the fortunes of the two can diverge significantly. As we head into another complicated year for the old continent, Fidelity European Trust (FEV) hopes to exploit the gap between Europe’s stumbling economy and the high-quality businesses listed on its markets. Their impressive track record suggests the managers might just pull it off. Bull points Clear quality strategyExcellent track record Some downside protectionDiscount to net asset value Bear points Uncertain outlook for EuropeGearing...