Voters in Greece delivered a decisive “no” vote on Sunday, with 61% of voters saying that they would not yield to further austerity measures demanded by the country’s creditors.

Fidelity’s Paras Anand, Head of pan-European Equities, provides a quarterly look at the key drivers of the European equity markets, focusing on the conundrum of negative interest rates, how technological progress affects valuations, and the risks of passive investing.

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The emerging market debt (EMD) sector has performed strongly yearto- date, with excellent risk-adjusted returns over a 10-year period. On top of the asset class returns, the FF Emerging Market Debt Fund has a strong track record of delivering alpha over a range of market environments in both up and down markets.

Over Matt’s tenure, Fidelity Funds - European Growth Fund has delivered a return of more than 20% since the beginning of the year, outperforming its benchmark by over 170 basis points (as of 31 May 2015).

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Please find attached the Shareholder Notice we received from Invesco Funds. This document is for your reference only.

This is to inform you that the Funds are now classified as a derivative product with immediate effect. The Funds may use derivatives extensively for investment purposes (with a net leverage exposure of over 100%). Derivatives exposure may involve higher counterparty, liquidity and valuation risks. In adverse situations, the Funds may suffer significant loss from their derivative usage.

Please find attached the Shareholder Notices we received from Aberdeen Global for your kind attention.

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OpenClosedSource: Morningstar Asia LtdIndices delayed at least 15 minutes

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