Fidelity Diversified International Fund Q1 2025 Commentary

2025-05-05 10:35:00 ET

Summary

• Fidelity® Diversified International Fund seeks long-term capital growth by investing in high-quality foreign developed market stocks with durable growth prospects and competitive advantages.
• The fund gained 5.15% in Q1, underperforming the MSCI EAFE Index's 6.94% due to stock selection, particularly in the information technology sector.
• Top contributors included Thales (+85%) and UniCredit (+40%), while Marvell Technology (-43%) and Taiwan Semiconductor Manufacturing (-16%) were major detractors.
• The fund is optimistic about growth in AI, onshoring, green energy, and infrastructure, focusing on companies with strong balance sheets and management teams.

Performance Review

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