Fidelity Independent Adviser Announces Best Fund for Third Quarter 2009

Williamstown, MA, July 03, 2009 --(PR.com)-- Fidelity Independent Adviser has selected Fidelity China Region Fund (FHKCX) as its “Best Fund for Third Quarter 2009,” according to publisher Donald Dion. The Williamstown, Massachusetts based family of newsletters provides picks for both mutual funds and ETFs in its weekly, monthly and quarterly publications. “China has strong fundamentals and a good long-term outlook,” Dion noted, “and China Regional’s manager, Wilson Wong, has brought a fresh perspective to this regional fund.”

Wong’s FHKCX tracks Hong Kong, Taiwanese, and Chinese issuers and other investments that are tied economically to the China region. Dion believes that while China funds suffered a “knock down” in 2008, funds like FHKCX are good long-term holdings for investors seeking exposure to China’s growth. “FHKCX is a good investment for a small portion of a well-diversified long-term portfolio,” said Dion.

Since taking the helm at FHKCX in 2007 Wong has focused FHKCX, which includes companies listed in China, Taiwan and Hong Kong, more toward the mainland, according to Fidelity Independent Adviser’s profile. While Wong’s fund hasn’t shot up as quickly as riskier peers, Dion notes, the fund performed better than other China portfolios in the market slide of 2008.

The July 1 issue references Wong’s 2009 outlook, which points out a “research report projecting there will be 250 million people in China’s middle class by 2020.” Dion believes that upside potential for FHKCX could extend beyond the third quarter of 2009. In the short term, Dion believes that China’s stimulus program could further shore up fixed assets and promote infrastructure spending. The new issue of Fidelity Independent Adviser will be available online to subscribers July 2 at fidelityadviser.com.

Don Dion is publisher of The Fidelity Independent Adviser family of newsletters.
Dion is also president of Dion Money Management, a financial investment advisory firm counseling individuals, families and businesses. Dion Money Management has offices in both Williamstown, Massachusetts and Naples, Florida

Fidelity Independent Adviser and Dion Money Management are independent of Fidelity Investments. Fidelity is a registered trademark of FMR LLC.

For more information about the Dion Money Management, please contact Donald R.
Dion, Jr. at (800) 432-7447, ext. 191.

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