Fidelity named Best Large Group in S&P’s European Fund Awards

Fidelity International announces today that it has been named Best Large Group over 3 and 5 years by Standard and Poor’s in their European Fund Awards 2007. This is the fourth year in a row that the company has been named Best Large Group over a 3 year period.

The Fidelity Funds (FF) Telecommunications Fund, was also named best fund in the TMT Global Sector 1, 3 and 5 years while the FF Asian Special Situations Fund was named best fund over 3 years in the Equity Asia Pacific ex Japan sector.

The European awards recognise consistency and expertise of fund management groups which distribute funds across the largest and most competitive European markets including France, Germany, Italy, Luxembourg, Spain and the UK

Richard Wastcoat, UK Managing Director, Fidelity International comments:“We are delighted to have won such an extensive range of awards. We have gradually built up our global sector team capabilities in the last three years and the awards won by our FF Telecommunications fund show that our efforts in this area have been rewarded.

“With more than 100 funds available to investors throughout Europe, however, we are able to offer clients a diversified choice of investments from emerging market equities through to property and government bonds and are ideally placed to help savers who want a mix of assets in their investment portfolios. To be consistently ranked best large group over these time periods is a testament to our consistent bottom-up approach to stock selection and our research capabilities which operate around the world. When markets are volatile as we have seen of late, they fall back on the well-resourced investment houses.”