Fidelity Fund First Launch Retirement FOF

On November 18th, Fidelity Funds launched the Fidelity Renyu Conservative Retirement Target One-Year Holding Period Hybrid Fund, becoming the first foreign-owned public fund company to introduce a retirement target fund. This FOF adopts a target risk strategy and is a relatively conservative fund in terms of risk-return characteristics within the series. The proposed fund manager Zhao Qiang stated that the core principle of retirement investment is to effectively control risks through scientifically diversified allocations, thus achieving long-term stable accumulation of retirement wealth. This FOF is currently the first retirement FOF fund in the market to include overseas market indices in its benchmark, aiming to provide a more resilient investment portfolio for domestic retirees through global diversification.