US and European markets steadied Monday after last week’s declines.
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.
Chinese equities drove volatility, falling sharply during the first half of February as currency weakness and fears over more capital controls weighed on investor sentiment.
The fund posted positive total returns but underperformed the index during the review period. Credit selection was the primary detractor.
Please find attached the Shareholder Notice we received from PARVEST for your kind attention.
We are writing to inform you that, with effect from 23 May 2016 (the “Effective Date”), the standard dealing cut-off time for the Fund will be extended from 4:00 p.m. to 5:00 p.m. (Hong Kong time). Therefore, with effect from the Effective Date and under normal circumstances, all complete instructions for subscriptions, redemptions and switching are to be received by 5:00 p.m. (Hong Kong time) on a Valuation Date in order to be dealt with on the same Valuation Date.
NOTICE IS HEREBY GIVEN that the Annual General Meeting of Shareholders of Fidelity Funds II (“the Company”) will be held at the registered office of the Company in Luxembourg on Thursday 26 May 2016 at 12 noon local time to consider the following agenda: