Fidelity Investments® Launches Fidelity Advisor Global Real Estate Fund

New Fund Broadens Fidelity Sector Lineup to Meet Demand from Intermediary Market as Investors Seek Exposure to Growing Global Real Estate Securities Market

BOSTON--(BUSINESS WIRE)-- Fidelity Investments®, a leading global asset management firm with $2.1 trillion in managed assets, today announced the launch of the Fidelity Advisor Global Real Estate Fund (FWRAX). The new fund, which is available exclusively to financial advisors and other intermediaries, is designed to invest in U.S. and international real estate securities.

Managed by 24-year Fidelity veteran Steve Buller, Fidelity Advisor Global Real Estate Fund uses fundamental research and leverages Fidelity’s global research platform to invest in real estate companies around the world.

“The global listed real estate securities market is an area where we’ve seen strong client demand and increased investor focus,” said Buller. “Roughly half the opportunity set for real estate is located outside the U.S. and, given that real estate companies are inherently driven by local supply and demand drivers, a global approach can make sense in identifying the best opportunities around the world.

“In addition to offering potential diversification benefits, many areas of the global real estate securities market are still in their infancy and may offer compelling secular or long-term, growth opportunities,” added Buller.

Fidelity is a pioneer in sector investing, launching its first sector mutual funds more than 35 years ago. Today, the company manages more than $85 billion in sector and industry mutual fund and ETF assets.

Fund Launch Timed with GICS Sector Change

At market close on August 31, 2016, the Global Industry Classification Standard (GICS) will elevate Real Estate out of the Financials sector to become its own sector. This is the first time that GICS, a four-level classification system developed by MSCI and Standard & Poor’s, has created a new sector since the framework was established in 1999. Fidelity is well positioned to continue its focus on the real estate sector with a global team of more than 15 real estate research and investment specialists. Fidelity has a long history of investing in listed real estate markets with more than $20 billion in assets under management across U.S., international and global mutual funds and institutional accounts.i

The company’s other real estate mutual funds and ETFs include Fidelity Advisor Real Estate Fund Class A (FHEAX), Fidelity Advisor Real Estate Income Fund Class A (FRINX), Fidelity Advisor International Real Estate Fund Class A (FIRAX), Fidelity MSCI Real Estate Index ETF (FREL), Fidelity Real Estate Index Fund (FRXIX), Fidelity Real Estate Investment Portfolio (FRESX), and Fidelity Select Construction and Housing Portfolio (FSHOX).

Buller Has 20 Years of Real Estate Investment Experience

Portfolio manager Steve Buller has been in the investment industry for 24 years since joining Fidelity in 1992. He has managed a global real estate strategy for the Canadian market for the last decade, the Fidelity Real Estate Investment Portfolio since 1998, and a U.S. REIT Fund for Japanese investors since 2003. Buller holds degrees in finance and German literature, as well as his Master of Science degree in finance from the University of Wisconsin-Madison. He is also a Chartered Financial Analyst (CFA) charterholder.

New Fidelity Research Outlines Global Real Estate Opportunities

Fidelity is also announcing the availability of a new thought leadership paper, “Overlooked Opportunities in Global Real Estate.” The paper offers insight into global real estate asset class and examines potential benefits for investors. With roughly half of the real estate opportunity set being outside the U.S., the paper outlines key market differences between the U.S. and international real estate, such as management structures, REIT adoption, and listed real estate levels.

Other recently released Fidelity real estate related papers, “The New GICS Framework: Understanding the Impact” and “REIT Stocks: An Underutilized Portfolio Diversifier,” outline the differences among the investable universes for the financials sector and the real estate sector.

With the addition of Fidelity Advisor Global Real Estate Fund, Fidelity Institutional Asset ManagementSM further strengthens its offering of investment strategies to help advisors construct and refine portfolios that can best meet the needs of their clients. The team also offers advisors a variety of investment tools, thought leadership, and shareholder-approved materials to help support their business. Financial advisors can get more information by visiting https://institutional.fidelity.com.

About Fidelity Investments

Fidelity’s goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. With assets under administration of $5.3 trillion, including managed assets of $2.1 trillion as of June 30, 2016, we focus on meeting the unique needs of a diverse set of customers: helping more than 25 million people invest their own life savings, nearly 20,000 businesses manage employee benefit programs, as well as providing nearly 10,000 advisory firms with investment and technology solutions to invest their own clients’ money.

Privately held for nearly 70 years, Fidelity employs 45,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about.

Before investing, consider the funds’ investment objectives, risks, charges, and expenses.Contact Fidelity for a prospectus or, if available, a summary prospectus containing thisinformation. Read it carefully.

Diversification and asset allocation does not ensure a profit or guarantee against loss.

Past performance is no guarantee of future results.

Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory,market, or economic developments. Foreign markets can be more volatile than U.S. markets due to increasedrisks of adverse issuer, political, market or economic developments, all of which are magnified in emergingmarkets. Investing in stock involves risks, including the loss of principal.

Fidelity Brokerage Services LLC, Member NYSE, SIPC900 Salem Street, Smithfield, RI 02917

Fidelity Investments Institutional Services Company, Inc.500 Salem Street, Smithfield, RI 02917

National Financial Services LLC, Member NYSE, SIPC,200 Seaport Boulevard, Boston, MA 02110

770925.1.0© 2016 FMR LLC. All rights reserved.

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i Source: Fidelity Investments, as of June 30, 2016.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160817005860/en/

Fidelity Investments
Corporate Communications
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Meghan French, 617-563-2124
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Source: Fidelity Investments

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