Global stocks rally for the day and week.
China is no stranger to economic growth. For 18 of the last 20 centuries it has delivered a greater share of world GDP than any Western society.
Equities in the Pacific region fell over the quarter on concerns about slowing economic growth in China and its potential impact on the rest of the world.
Asian high yield corporate bonds posted negative returns during the quarter as volatile Chinese equity markets, surprise monetary policy decisions and moderating growth expectations negatively impacted market sentiment.
Please find attached the Shareholder Notice we received from Aberdeen Global for your kind attention.
We are writing to notify you of the decision taken by the Board of Directors (the “Board”) of Fidelity Funds (the “Fund”) to terminate the Share classes of certain funds within the Fund, as listed in the Appendix to this letter (the “Termination”). The Termination will take effect on either 22 April 2016 or 27 April 2016 (the “Termination Dates”) depending on the relevant Share class as shown in the Appendix to this letter. The Board believes that the Termination is in the best interest of the shareholders of the Fund impacted by the Termination (the “Shareholders” or “you”).
Important Changes to Fidelity Funds - Changes to the Investment Objectives, Portfolio Information and Investment Restrictions of Certain Sub-Funds of Fidelity Funds