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Fidelity Advisor International Real Estate Fund, Fidelity Advisor Canada Fund
and Fidelity Advisor Small Cap Independence Fund Bring Advisor Fund Family to 99
BOSTON, May 15, 2007 -- Fidelity Investments today announced the availability of three new Fidelity Advisor funds -- Fidelity Advisor International Real Estate, Fidelity Advisor Canada, and Fidelity Advisor Small Cap Independence funds -- providing financial advisors and their clients with greater diversification across asset classes and geographical areas.
Class A, T, B, C and Institutional shares will be offered through advisors at institutions such as brokerage firms, banks, and insurance companies. With the addition of these three funds, Fidelity now offers advisors and their clients access to a family of 99 Advisor funds.
"Creating a well-diversified portfolio for clients is the primary goal of any successful financial advisor," said Martha B. Willis, executive vice president, Fidelity Investments Institutional Services Company. "By investing in a range of asset classes and geographical areas, advisors can add significant value to a client's portfolio by mitigating risk through diversification and focusing on long-term investment objectives.
"The addition of these three funds is another example of our commitment to providing advisors access to the vast investment management resources of Fidelity and to offering a broad and varied product line-up that can help advisors meet the unique investment needs of their clients," continued Willis.
Fidelity Advisor International Real Estate Fund
Fidelity Advisor International Real Estate Fund seeks capital appreciation and will invest primarily in non-U.S. securities, with at least 80% of fund assets in securities of companies principally engaged in the real estate industry and other real estate related investments. The fund will allocate investments across different countries and regions relative to the size of the international real estate securities market as a whole. Its benchmark is the MSCI EAFE Index and the performance benchmark (supplemental benchmark) is the EPRA/NAREIT Index.1
Steve Buller manages the Fidelity Advisor International Real Estate Fund. Buller joined Fidelity in 1992 and also currently manages Fidelity Real Estate Investment Portfolio, which he has managed since 1998. He also manages various institutional real estate accounts.
Fidelity Advisor Canada Fund
Fidelity Advisor Canada Fund seeks growth of capital over the long term and normally invests at least 80% of assets in securities of Canadian issuers and other investments that are economically tied to Canada. The fund may invest up to 35% of total assets in any industry that accounts for more than 20% of the Canadian market. The fund's benchmark is the S&P/TSX Composite Index.2
Maxime Lemieux is the manager of Fidelity Advisor Canada Fund. He has managed Fidelity Canada Fund since November 2002. Since joining Fidelity in 1996, Lemieux has worked as a research analyst and manager. He also has managed a growth equity fund available exclusively to Canadian investors since 2000.
Fidelity Advisor Small Cap Independence Fund
Fidelity Advisor Small Cap Independence Fund seeks capital appreciation and normally invests in domestic and foreign issuers. The fund invests at least 80% of total assets in securities of companies with small market capitalization (those with market capitalization similar to companies in the Russell 2000 Index and the S&P SmallCap 600 Index) and uses fundamental analysis to invest in either 'growth' stocks, 'value' stocks or both. The fund's benchmark is the Russell 2000 Index.3
Richard Thompson is manager of Fidelity Advisor Small Cap Independence Fund. He has managed Fidelity Small Cap Independence Fund since October 2005. Thompson joined Fidelity's equity research department in 1996. From 2001 to 2003, he served as an analyst for Fidelity's small-cap equity research team in Boston, and from 2003 to 2005 served as small-cap team leader and portfolio manager for Fidelity International Limited in London.
About Fidelity Investments Institutional Services
Fidelity Investments Institutional Services Company provides investment management services through investment professionals at financial institutions nationwide, including wirehouses, regional and independent broker/dealers, banks, trust companies and insurance companies. The company offers Fidelity Advisor Funds®, Variable Insurance Product (VIP) Portfolios, systematic investment plans, institutional money market funds and a comprehensive line of retirement products and services. Fidelity Investments Institutional Services Company's total assets under management were $267.6 billion as of April 30, 2007. For more information, advisors may visit http://advisor.fidelity.com.
About Fidelity Investments
Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $3.1 trillion, including managed assets of more than $1.4 trillion as of April 30, 2007. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 23 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.
1The MSCI EAFE Index is an unmanaged market capitalization-weighted index that is designed to represent the performance of developed stock markets outside the United States and Canada. The EPRA/NAREIT Index is a free float-adjusted market capitalization-weighted index of all eligible real estate stocks worldwide excluding North America.
2The S&P/TSX Composite Index is a broad measure of the performance of the Canadian stock market in U.S. dollars.
3The Russell 2000 Index is an unmanaged market-capitalization index of 2,000 small company stocks.
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Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact your investment professional for a prospectus or visit advisor.fidelity.com for a Fidelity Advisor fund prospectus containing this information. Read it carefully before you make your investment choices.
Foreign investments, especially those in emerging markets, involve greater risk and may offer greater potential returns than U.S. investments. These risks include political and economic uncertainties of foreign countries and currency fluctuations. There are additional risks associated with those funds that concentrate in one geographic location.
Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry.
Diversification does not ensure a profit or guarantee against a loss.
The securities of smaller, less well-known companies can be more volatile than those of larger companies.
Fidelity Investments Institutional Services Company, Inc.
82 Devonshire Street, Boston, MA 02109 |
