Fears over slowing global growth hammered stocks Friday and lifted prices of government bonds and other assets seen as safer bets.

The world equity market has now corrected by 6% from its peak in May. Emerging markets have been hit harder than the developed western markets however, with the MSCI APxJ Index down 21% since April 28th.

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Michael Clark, fund manager of Fidelity Funds - European Dividend Fund (the “Fund”), has been managing the Fund since its launch in October 2010. As the Fund approaches its five year anniversary, Michael discusses the case for European equity income, his investment approach and current fund positioning.

The fund manager remains positive on the long-term outlook for structural growth in China and expects 2015 to herald the start of a full implementation of reforms. She also believes that ‘One Road, One Belt’ could be one of the most important policies in a generation, not just for China, but for the Asia region.

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We are writing to inform you of a change to the average portfolio duration index and Value at Risk (“VaR”) index of the Fund. The index used to measure the average portfolio duration and the VaR is to change from an equally weighted blend of the following three indices: Barclays Global Aggregate Credit, BofA Merrill Lynch Global High Yield BB-B Rated Constrained and JPMorgan EMBI Global, to an equally weighted blend of the following three indices: Barclays Global Aggregate Credit ex-Emerging Markets, BofA Merrill Lynch BB-B Rated Developed Markets High Yield Constrained and JPMorgan EMBI Global.

We are pleased to inform you the following changes to Schroder International Selection Fund (the "Company").

We are writing to you as a Shareholder of the Company’s Fund(s) to notify you of the following changes.

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OpenClosedSource: Morningstar Asia LtdIndices delayed at least 15 minutes

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