The Fidelity Europe Fund typically allocates a substantial portion, at least 80%, of its portfolio to securities issued by European companies or other assets with strong economic connections to the continent. Its strategy primarily involves holding common equities, with capital judiciously spread across different European nations. Investment decisions are underpinned by a rigorous fundamental analysis, scrutinizing aspects such as an issuer's financial stability and competitive position within its industry, alongside an evaluation of broader market dynamics and economic circumstances.