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 pleased to inform you that the unaudited semi-annual report and accounts of Fidelity Funds II for the period ended 31 July 2015 is now available and can be accessible on the Fidelity Website* at www.fidelity.com.hk/literature_download_en.

Please find attached the Shareholder Notice we received from Invesco Funds for your kind attention.

Please find attached the Shareholder Notices we received from Schroder International Selection Fund for your kind attention.

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OpenClosedSource: Morningstar Asia LtdIndices delayed at least 15 minutes

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