Stocks slipped Friday but advanced for the month of July. Energy stocks retreated while weak wage data supported expectations that the Federal Reserve might hold off on an interest rate.

Global growth looks set to continue for the remainder of 2015, underpinned by a supportive environment of accommodative monetary policy and, for the moment at least, low inflation.

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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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With effect from 1 August 2015, the following key changes will apply to the Fidelity Retirement Master Trust pursuant to the Mandatory Provident Fund Schemes (Amendment) Ordinance 2015:

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

Please find attached the Shareholder Notice we received from Old Mutual Global Investors Series Plc for your kind attention.

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OpenClosedSource: Morningstar Asia LtdIndices delayed at least 15 minutes

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