FIL Investment Management (Singapore) Limited

Fidelity Funds - Singapore Fund



	Singapore competitive edge Singapore is perhaps the most strategically important global trading, finance and service hub in Asia. Its competitive advantage is derived from excellent infrastructure, a pro-business government and transparent policies. A well-diversified economy 70% of Singapore's GDP is attributable to finance and services.¹ The 1997 Asian financial crisis prompted greater emphasis toward diversification with pharmaceuticals and transport engineering being granted significant roles in the manufacturing sector to avoid an over reliance on electronics. The services and construction sectors have also become key drivers of growth, making Singapore more resilient to external shocks. Adding a bit of sparkle and buzz Singapore recently approved the development of two large casino resorts as part of a strategy to reduce the country's dependence on manufacturing and to position itself as a livelier tourist destination. According to projections, the resorts will lead to $4 billion in investments², $3.5 billion in annual revenue, 35,000 jobs and $350 million per year in taxes and fees². Consider investing in your home country and in your own future! ¹The Chartwell Advisor May 2005 ETF Report Volume 11 ²The Sunday Times, article titles "Boomtown Singapore" dated July 29 2007

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This document is prepared by FIL Investment Management (Singapore) Limited (Co. Reg. No. 199006300E), a responsible entity for the fund(s) in Singapore. All views expressed cannot be construed as an offer or recommendation. Prospectus for the fund(s) is available from FISL or its distributors upon request. Potential investors should read the prospectus before deciding whether to invest in the fund(s). Reference to specific securities or fund(s) is included for illustration only, and should not be construed as a recommendation to buy or sell the same. This document is for information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person who may receive it. Potential investors should seek advice from a financial adviser before deciding to invest in the fund(s). If that potential investor chooses not to seek advice from a financial adviser, he should consider whether the fund(s) in question is suitable for him. Past performance of the manager and the fund(s), and any forecasts on the economy, stock or bond market, or economic trends of the markets that are targeted by the fund(s), are not indicative of the future performance. Prices can go up and down. The value of the shares of the fund(s) and the income accruing to the shares, if any, may fall or rise. Investors investing in fund(s) denominated in a non-local currency should be aware of the risk of exchange rate fluctuation that may cause a loss of principal when foreign currency is converted back to the investor's home currency. Exchange controls may be applicable from time to time to certain foreign currencies. The CPF interest rate for the Ordinary Account (OA) is based on the 12-month fixed deposit and month-end savings rates of the major local banks. Under the Central Provident Fund Act, Chapter 36 of Singapore (the "CPF Act") the CPF Board pays a minimum interest of 2.5% per annum when this interest formula yields a lower rate. The interest rate for the Special, Medisave and Retirement Accounts (SMRA) is pegged to the yield of 10-year Singapore government bond plus 1%. For 2009, the minimum interest rate for the SMRA will be 4.0% per annum. After 2009, the 2.5% per annum minimum interest rate, as prescribed by the CPF Act, will apply to the SMRA. In addition, the CPF Board pays an extra interest rate of 1% per annum on the first $60,000 of a CPF member's combined balances, including up to $20,000 in the OA. The first $20,000 in the Ordinary Account and the first $40,000 in the Special Account will not be allowed to be invested under the CPF Investment Scheme. Fidelity, Fidelity International, and Fidelity International and Pyramid Logo are trademarks of FIL Limited	Important legal information Privacy Online Security