Important change to Fidelity Funds – Fidelity Portfolio Selector Global Growth Fund (to be renamed as Fidelity Funds – SMART Global Moderate Fund*) (the “Fund”)
We are writing to inform you as a Hong Kong registered shareholder of the Fund that with effect from 30 June 2016 (or such later date as may be decided by the Board of Directors of Fidelity Funds) (“Effective Date”), FIL Investments International will replace FIL Gestion as the Investment Adviser of the Fund (hereinafter referred to as the “Appointment”). FIL Investments International is incorporated in United Kingdom and is regulated by the Financial Conduct Authority.
The Appointment has been decided upon in connection with the change of name and investment objective of the Fund, which will also result in the reduction of annual management fees and the dis-application of annual asset allocation fees for class A-USD Shares of the Fund from the Effective Date. The aforementioned changes were previously communicated to you by way of a shareholder letter dated 24 March 2016.
The Appointment will have no impact on your holding and you will not need to take any action. This letter is provided for your information only. The Appointment will be reflected in the next update to the Fund’s Hong Kong offering documents.
The Board of Directors of Fidelity Funds accepts responsibility for the accuracy of the contents of this letter.
If you have any questions relating to the Appointment, or if you would like to request a copy of the Hong Kong Prospectus of Fidelity Funds, the Product Key Facts Statement of the Fund, the Articles of Incorporation, the latest audited annual report and accounts and unaudited semi-annual report and accounts of Fidelity Funds (which is also available at www.fidelity.com.hk#) or other material agreements relating to Fidelity Funds, please contact your usual financial adviser or the Fidelity Investor Hotline^ at +852 2629 2629, or you can write to the Hong Kong Representative at Level 21, Two Pacific Place, 88 Queensway, Admiralty, Hong Kong.
For further details, please click and download the attached Investor Notice document.