Introducing the Fidelity Emerging Europe, Middle East and Africa (EMEA) Fund

What is the EMEA Region?

The term EMEA is an acronym for Emerging Europe, Middle East and Africa. It represents the region of emerging economies from Russia through Eastern Europe and the Middle East and the entire African continent.

Map showing region covered by the EMEA fund. This includes eighty countries in Africa, Eastern Europe, the Middle East, and Russia.

EMEA Region Facts

The EMEA region has a market capitalization of $0.8 trillion, which is only 5% of the world market capitalization.*
Contiguous region covers approximately 58 million square kilometers¹
EMEA contains 80 countries²
It is home to over 1.5 billion people²

Why invest in the EMEA Region?

Natural Resources – The EMEA region is rich with natural resources which are in high demand in fast expanding economies. The region benefits from strong oil reserves, industrial metals, and precious metals. The MSCI EMEA Index is highly correlated with commodities.

Rapid Expansion/Urbanization – The region is growing quickly; there is significant investment in infrastructure, improving road and railways, while a nascent consumer also contributes to the growth of the region.

Attractive Demographics – The EMEA region has a young and rapidly growing population that is driving consumer spending and providing a growing workforce.

Low Correlation - The EMEA region has historically had low correlation to US and Developed (Europe, Australia and Far East) markets, as well as low inter-market correlation.

Fidelity's Emerging Europe, Middle East and Africa (EMEA) Fund

Fidelity has a deep commitment to investing in emerging markets. Fidelity has been managing emerging markets assets since 1990.
The fund employs a disciplined investment process that we believe is well suited to the markets of the EMEA region, capitalizing on less efficient markets in emerging economies.
Fidelity has dedicated research resources covering the EMEA region. In addition to the region specific resources, Fidelity's strong research foundation allows for knowledge from across the globe to assist analysts in forming a global picture of the region.
Adam Kutas, a Fidelity veteran with over ten years experience, manages the fund from Fidelity Management and Research Company's London office. He has been engaged in the development of Fidelity's EMEA team in London.

Management of the Fund

Chart showing Emerging markets team including a portfolio manager in London, Equity Analysts in India, the UK, Russia, Greece, Israel, a Soverign Analsyst in Russia and Traders in USA and Egypt.

The combination of research from our Emerging Markets Debt Team and equity research within the EMEA region may add value to the management of the fund, as this may provide a broader picture of what is shaping the economies of the countries within this region.

Who may want to consider investing in this new fund?

The Fidelity EMEA Fund may generally be appropriate for investors who already have a broad exposure to international markets and want to further diversify their international equity holdings with dedicated exposure to EMEA countries. Investors should be willing to accept the risks that come with exposure to foreign markets, especially emerging markets. These markets are often volatile and include such risks as political and economic risks and the risk of currency fluctuations.

The EMEA region makes up only 5% of the world's capitalization, as measured by the MSCI All Country World Index, yet the EMEA region has broad coverage across many different market sectors, including energy, financials, telecommunications, materials, and healthcare.

Want more information?

Read more about the fund, or learn more about Fidelity's full line of international fund offerings.

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	What is the EMEA Region? The term EMEA is an acronym for Emerging Europe, Middle East and Africa. It represents the region of emerging economies from Russia through Eastern Europe and the Middle East and the entire African continent. EMEA Region Facts The EMEA region has a market capitalization of $0.8 trillion, which is only 5% of the world market capitalization.* Contiguous region covers approximately 58 million square kilometers¹ EMEA contains 80 countries² It is home to over 1.5 billion people² Why invest in the EMEA Region? Natural Resources – The EMEA region is rich with natural resources which are in high demand in fast expanding economies. The region benefits from strong oil reserves, industrial metals, and precious metals. The MSCI EMEA Index is highly correlated with commodities. Rapid Expansion/Urbanization – The region is growing quickly; there is significant investment in infrastructure, improving road and railways, while a nascent consumer also contributes to the growth of the region. Attractive Demographics – The EMEA region has a young and rapidly growing population that is driving consumer spending and providing a growing workforce. Low Correlation - The EMEA region has historically had low correlation to US and Developed (Europe, Australia and Far East) markets, as well as low inter-market correlation. Fidelity's Emerging Europe, Middle East and Africa (EMEA) Fund Fidelity has a deep commitment to investing in emerging markets. Fidelity has been managing emerging markets assets since 1990. The fund employs a disciplined investment process that we believe is well suited to the markets of the EMEA region, capitalizing on less efficient markets in emerging economies. Fidelity has dedicated research resources covering the EMEA region. In addition to the region specific resources, Fidelity's strong research foundation allows for knowledge from across the globe to assist analysts in forming a global picture of the region. Adam Kutas, a Fidelity veteran with over ten years experience, manages the fund from Fidelity Management and Research Company's London office. He has been engaged in the development of Fidelity's EMEA team in London. Management of the Fund The combination of research from our Emerging Markets Debt Team and equity research within the EMEA region may add value to the management of the fund, as this may provide a broader picture of what is shaping the economies of the countries within this region. Who may want to consider investing in this new fund? The Fidelity EMEA Fund may generally be appropriate for investors who already have a broad exposure to international markets and want to further diversify their international equity holdings with dedicated exposure to EMEA countries. Investors should be willing to accept the risks that come with exposure to foreign markets, especially emerging markets. These markets are often volatile and include such risks as political and economic risks and the risk of currency fluctuations. The EMEA region makes up only 5% of the world's capitalization, as measured by the MSCI All Country World Index, yet the EMEA region has broad coverage across many different market sectors, including energy, financials, telecommunications, materials, and healthcare. Want more information? Read more about the fund, or learn more about Fidelity's full line of international fund offerings. *Source: MSCI AC World Index = $16.9T as of 12/31/08. Calculated using individual areas from countries listed in the Central Intelligence Agency (CIA) World Fact Book, 3/31/09. CIA World Fact Book, 3/31/09 Before investing, consider the funds' investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully.