In its 2024 report, the board of directors of FIL Investment Services (UK) said it was examining potential measures for Fidelity America, Fidelity Europe (ex UK) and Fidelity Japan funds after finding that they did not had not demonstrated good value for investors. Part of the Fidelity Investment Funds IX range, all three strategies failed to outperform their respective benchmarks over a period of one, three and five years. The board said it had examined the reasons for the underperformance, with each fund’s portfolio managers and chief investment officer noting plans for “additional oversight” into how…