Member profile

FIL Investments International Limited

Ever since Fidelity International was established nearly 40 years ago we have been committed to creating funds that enable our clients to make wise investment choices. Our success in understanding what investors want and delivering superior products is reflected in our growth - the company and it's subsidiaries now manage investments worth more than £150 billion for major institutions and millions of private investors around the world. By combining global reach with a local focus, we have become the UK's largest mutual fund manager.

Fidelity has always believed that the interests of investors are best served by using the skills of real specialists in the field of fund and asset management. The independence we enjoy as a privately owned company enables us to concentrate on developing innovative products and providing the highest levels of customer service.

We believe that the reason for our success over the years is our approach to investment. Fidelity encourages fund managers to develop their individual flair, while basing every investment choice on the most rigorous research. Our analysts undertake extensive research at all levels of an organisation to understand exactly how they are positioned to deliver for investors. We believe its only through this first-hand contact - rather than relying purely on bought-in research - that we can fully evaluate an investment’s true potential, and consistently add value for investors in our funds.

In addition, we are constantly in touch with the analysis carried out by our US affiliate - Fidelity Management & Research. This allows us to access the findings of more than 600 investment professionals around the world, covering 95% of the world’s stock markets by capitalisation. This gives our investment managers an almost unparalleled overview of world markets.

Funds under management

£159.4bn as at 31.03.2006

Managed assets

Fidelity International manages a broad spectrum of assets, including money-market, fixed income, property and equities in all major regions around the world.

Property interests

Fidelity International’s US affiliate, Fidelity Management and Research (FMR) has 20 years experience in managing funds invested in property securities. They manage the longest continually running fund invested in the US REIT market and currently have over $11 billion assets under management, making FMR one of the largest owners of global property securities.

Fidelity International and FMR have 15 investment professionals worldwide focused solely on property securities. This encompasses a six-strong REIT Research team dedicated to the US and six property securities analysts based in Boston, London, Sydney, Hong Kong and Tokyo. In addition, we have over 300 Fidelity International and FMR Corp. research professionals worldwide and a 35-strong US-based Private Real Estate Group.

Fidelity International launched the Fidelity Global Property Fund in January 2006.

Funds held in the quoted property sector

Over $11bn.

Any IFA distributed funds which invest in REITs

Fidelity Global Property Fund is an actively managed, specialist equity fund that gives exposure to the global property sector through investing in the stocks of companies engaged in the real estate business around the world. These include REITs and other quoted property securities. The Fund invests in a wide range of property sectors including offices, retail outlets, industrial buildings, hotels and residential properties.

Proposed funds that will include UK-REITs

The Fidelity Global Property Fund currently invests in some UK quoted property companies that are likely to convert to REITs. Within its global remit, the Fund is likely to maintain some exposure to UK-REITs over the long-term, dependent on relative valuations.

Plans to launch a REIT?

No, Fidelity International invests in REITs through the Fidelity Global Property Fund.

Reason for joining The REITs and Quoted Property Group

Fidelity International is a market leading company in managing global property securities. We believe that property securities have specific advantages to investors, in terms of returns, liquidity, efficiency and cost, and expect these assets to become an increasingly important part of the asset toolbox available to financial advisers. Whilst we expect the quoted property sector to grow in importance and popularity, especially with the advent of UK-REITs, we realise that advisers and their clients are likely to require support in this relatively new segment of the market. We know that advisers in particular have a tremendous appetite for more and continuous information about REITs.

We believe that The REITS and Quoted Property Group (TRQPG) will be an important and impartial source of relevant and insightful information on quoted property and UK-REITs and will have a vital role in raising awareness of UK-REITs. As such we are delighted to be a leading member of The REITS and Quoted Property Group.

Find out more

www.fidelity.co.uk/adviser

UK's Largest Mutual Fund Manager: Source IMA as at 30.06.2006. The figures in this document reflect the resources of FMR Corp, a U.S. company, and its subsidiaries, and those of Fidelity International Limited, a non-U.S. company and affiliate, and its subsidiaries. Source: FMR Corp. & FIL, as of 31.03.06. Data is unaudited. CB27825/0707

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