Stocks were up Friday and for a second straight week.
Stocks rose modestly Friday after late merger news in the semiconductor space supported the technology sector and helped major indexes snap a four day losing streak.
The fund underperformed the index in February. Security selection in the energy and health care sectors detracted from returns.
The fund underperformed the index during the month as the earnings season added volatility to certain holdings.
You are hereby convened to attend the: STATUTORY GENERAL MEETING Which will be held on Monday, April 27, 2015 at 3.00 p.m., at the offices of BNP Paribas Investment Partners Luxembourg, building H2O, block A, ground floor, 33 rue de Gasperich, L-5826 Hesperange, Grand Duchy of Luxembourg.
We are writing to notify you of the decision taken by the Board of Directors of Fidelity Funds (the “Board”) to merge Fidelity Funds – European Aggressive Fund (the “Merging Fund”) into Fidelity Funds – European Dynamic Growth Fund (the “Receiving Fund”) with effect from 20 July 2015 (the “Effective Date”). Our records show that you are a shareholder (the “Shareholders” or “you”) in one or both of these funds. All subscriptions of new Shares in the Merging Fund will be suspended from the date of this letter and the Merging Fund will no longer be marketed to the public in Hong Kong.
We are writing to inform you as a Hong Kong registered shareholder of the Fund that with effect from 1 April 2015, FIL Investment Management (Singapore) Limited has replaced FIL Investment Management (Hong Kong) Limited as the Investment Adviser of the Fund. FIL Investment Management (Singapore) Limited is incorporated in Singapore and is regulated by the Monetary Authority of Singapore.