Due to small fund sizes which will result in administrative cost inefficiencies (and high costs for the unit holders), Fidelity has decided to close the following SGD class funds:
If you own the fund, you will have the following options:
1) Switch to the class A-USD or class A-Euro version of the same sub-fund or the SGD share class of any other sub-fund under Fidelity.
2) Redeem your holdings by 25th May 2009.
3) Do nothing – in which case your units will be automatically redeemed based on the NAV price on 29th May 2009 and the proceeds will be sent to you on or around 12th Jun 2009.
For more information, please refer to the notice sent out by Fidelity: