- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Nov 2, 2007
- Business
- Fidelity Total International Equity Fund (FTIEX) is an open-end mutual fund managed by Fidelity Investments that seeks long-term growth of capital primarily through investments in non-U.S. equity securities, including those of issuers located in emerging markets; it normally invests at least 80% of assets in equities such as common stocks, with allocations guided by the MSCI ACWI ex USA Index across foreign developed and emerging markets, incorporating growth stocks, value stocks, and small capitalization securities. The fund offers exposure to international equities diversified by country, sector, and market capitalization, targeting institutional and retail investors seeking broad non-U.S. equity diversification; it features a blend style with a high expense ratio of 1.05%, net assets under management in the billions, and portfolio turnover reflecting active management. Fidelity Investments, headquartered in Boston, Massachusetts, launched the fund on November 1, 2007, with Jed A. Weiss serving as lead portfolio manager since inception.
The fund maintains geographic operations focused on global markets outside the U.S., with top country allocations typically including Japan, the United Kingdom, France, and emerging markets such as India and China, alongside sector emphases in financials, industrials, and consumer discretionary. It provides daily liquidity through NAV pricing, with no-load share class availability for certain investors, and supports retirement accounts, brokerage platforms, and managed portfolios offered by Fidelity. Recent portfolio adjustments as of Q2 2025 include increased positions in holdings like Schneider Electric S.E. and Advantest Corporation, alongside new investments in OR Royalties Inc. and Valterra Platinum Limited, reflecting ongoing active rebalancing to capture international opportunities amid market volatility. The fund has sustained stable management tenure, with no reported major reorganizations, name changes, or strategic shifts in the last 1-2 years, though it continues to adapt to global economic conditions including 2024-2025 emerging market expansions.