Fidelity offers new international equity fund

Boston mutual funds giant Fidelity Investments today announced the launch of a new international equity fund - Fidelity Emerging Europe, Middle East, Africa (EMEA) Fund - with retail and advisor share classes.

“Emerging markets have grown significantly in recent years, and if long–term growth forecasts are accurate, these markets could advance beyond the 12 percent share of the global equity market that they now comprise,” Sanjiv Mirchandani (right), president of Fidelity Personal and Workplace Investing Growth Business, said in a statement. “By launching a first-of-its-kind equity fund for US investors dedicated to emerging Europe, Middle East, and Africa markets, we’re working to help those with high risk tolerances and long–term outlooks gain targeted exposure to areas of the world that may be under–represented in their portfolios.”
(By Chris Reidy, Globe staff)