~ Announces changes on Fidelity AsiaStar® Fund ~
TORONTO, June 1, 2012 /CNW/ - Fidelity Investments Canada ULC today announced that effective July 1,
2012, Catriona Martin, a 15-year Fidelity veteran, will be joining
Fidelity's Canadian fixed income team as co-manager of Fidelity
Investments Canada's institutional and retail bond portfolios. Martin
will join current co-portfolio manager Brian Miron on several
portfolios available to Canadian retail and institutional clients.
"Canadian investors are demanding more income investment options and
Fidelity Investments Canada is responding by significantly increasing
the breadth and depth of our overall income line-up. While we have
increased the number of investment options, our focus on delivering
solid risk-adjusted returns for our clients remains steadfast," said
Craig Strachan, Vice President, Head of Product, Fidelity Investments
Canada ULC. "Catriona's addition to Fidelity's Canadian fixed income
team will give our clients access to an experienced and talented
investment professional. Her appointment is also reflective of our
strong asset growth in fixed income assets under management, which in
the past five years has more than tripled to $15 billion (Cdn)."
Currently Martin is portfolio manager on a number of fixed income
portfolios for Fidelity's U.S. clients. Martin joined Fidelity in 1997
as a trader for Fidelity's Municipal Money Market group and has held
increasingly senior roles across Fidelity's fixed income organization.
She was named as a portfolio manager on Fidelity's Stable Value Team
nearly four years ago and has demonstrated success and leadership in
developing investment solutions and delivering strong institutional
portfolio performance for clients. Prior to becoming a portfolio
manager, Martin's 15 years at Fidelity included three years covering
Canadian markets and trading Canadian securities.
Jeff Moore, current co-manager on a number of Canadian fixed income
portfolios will stay on the Fidelity Tactical Fixed Income Fund and
Fidelity Premium Tactical Fixed Income Capital Yield Private Pool.
Moore will continue his responsibilities associated with various global
fixed income portfolios. David Prothro, currently co-manager on
Fidelity Corporate Bond Fund will assume an advisory role on Fidelity's
Canadian fixed income team, as he focuses on managing U.S. corporate
Fidelity Investments Canada offers an extensive range of Canadian, U.S.
and global fixed income offerings. Fidelity's fixed income portfolio
managers and investment team use active management strategies,
including security selection, sector analysis, term structure
positioning and opportunistic trading in order to maximize
risk-adjusted returns. These strategies enable Fidelity to take full
advantage of industry-leading research and trading capabilities, while
aiming to avoid high levels of volatility relative to the benchmark.
Fidelity's management process strives to achieve a balance between
enhanced returns and controlling risk.
New portfolio manager assignment on Fidelity's AsiaStar® Fund
Fidelity Investments Canada ULC today also announced that effective July
1, 2012, Henry Chan, portfolio manager of Fidelity AsiaStar® Fund, will
be assuming additional portfolio manager responsibilities for Fidelity
Far East Fund. Chan succeeds Joseph Tse who has made the personal
decision to leave Fidelity. Joining Chan on Fidelity AsiaStar as
co-portfolio manager is Eileen Dibb who will be responsible for
managing the Japanese equity portion of the portfolio.
Before joining Fidelity in 2011, Chan was responsible for Asian
investment policy at Baring Asset Management. He was head of the Asia
investment team, with specialist research responsibilities for Greater
China markets. Chan also had the lead portfolio management role in
Baring's Asian institutional mandates and flagship retail products.
Previously, he managed Greater China Fund Inc. and co-managed Baring
China Absolute Return Fund and Baring Korea Trust. He earned a
bachelor's degree from the London School of Economics and Political
Science and speaks fluent English, Cantonese and Mandarin. He is a
Certified Professional Accountant and a Chartered Financial Analyst
Dibb is a portfolio manager at Pyramis Global Advisors, a unit of
Fidelity Investments. She manages Japan equity portfolios for
institutional clients. Prior to assuming her current role at Pyramis,
Dibb was responsible for researching and analyzing Asian stocks for a
global equity portfolio managed by Fidelity Investments. Prior to
joining Fidelity in 2005, Dibb was vice president and regional analyst
at Wellington Management Company, where she managed dedicated Japan
portfolios. She earned a Bachelor of Arts degree in International
Relations and Japanese Studies from Bucknell University and a Master of
Business Administration degree from The Wharton School at the
University of Pennsylvania. She completed a program of study at the
Center for Japanese Studies at Nanzan University in Nagoya, Japan and
is fluent in Japanese. She is a Chartered Financial Analyst (CFA)
charterholder, and is a former board member of the Boston Security
About Fidelity Investments
Fidelity Investments Canada ULC is part of the Fidelity Investments
organization of Boston, one of the world's largest providers of
financial services. 2012 marks 25 years of success in the Canadian
marketplace, where Fidelity manages a total of $67 billion in mutual
fund and institutional assets. This includes $13 billion in assets for
institutional clients including public and corporate defined benefit
pension plans, endowments, foundations and other corporate assets on
behalf of clients across Canada.
Fidelity Canada provides Canadian investors a full range of domestic,
international and income oriented mutual funds, as well as asset
allocation and managed solutions and the high net-worth program, the
Fidelity Private Investment Program. Fidelity funds are available
through a number of advice-based distribution channels including
financial planners, investment dealers, banks, and insurance companies.
Fidelity is a proud supporter of the Boys and Girls Clubs of Canada and
we are dedicated to helping young Canadians realize their full
potential as productive, responsible and caring citizens.
SOURCE Fidelity Investments Canada Limited
For further information:
Vice President, Corporate Affairs