We have removed Fidelity Emerging Europe, Middle East & Africa from our Recommended list.

Although we continue to have high regard for the fund and the resources that are dedicated to the emerging market franchise at Fidelity International, we have concluded that the strategy is of limited appeal to our core audience.  For this reason, we have decided to remove the fund from the service.

The strategy was developed and launched by Nick Price in 2005.  He is the lead portfolio manager and works alongside newly appointed co-portfolio managers, Zoltan Palfi and Chris Tennant.  They are established members of the team and experienced emerging market investors and have been appointed to this fund because the previous co-portfolio manager, Greg Konstantinidis, is leaving the firm shortly for personal reasons.  The portfolio managers work in partnership with a large team of analysts who are dedicated to emerging market equities.