Fidelity unveils three mutual funds

Fidelity Investments of Boston today launched three new mutual funds: one fund for investing in developed international and emerging markets; an international style-consistent growth fund; and an asset allocation fund. Fidelity Total International Equity Fund is a broad based international equity fund with dedicated exposure to developed and emerging markets, including investments in growth and value stocks and securities of small companies. The fund is co-managed by George W. Stairs and Jed Weiss. Fidelity International Growth fund allocates investments across different countries and is managed with a growth orientation. It is managed by Jed Weiss. Fidelity Dynamic Strategies Fund is an asset allocation with the ability to invest in a range of underlying investments. The fund is co-managed by Jurrien Timmer and Andrew J. Dierdorf. Two of the new funds provide additional choices for investing in international markets. “Total International Equity Fund and International Growth Fund offer different approaches with a single-fund solution and a style-consistent fund,” said Fidelity spokesperson Sophie Launay. The Dynamic Strategies Fund is expected to appeal to investors who want to allocate a portion of their portfolio to a fund that is more actively managed across asset classes, Ms. Launay said. Fidelity Investments had custodied assets of $3.3 trillion as of Sept. 30.