Fidelity Investments recognized by Lipper for delivering superior risk-adjusted returns

Fidelity's income-oriented solutions win multiple awards

TORONTO, Feb. 4 /CNW/ - At the 2011 Canadian Lipper Fund Awards last night, Fidelity Investments Canada was recognized by Lipper for delivering consistently strong risk-adjusted performance, relative to its peers.  Fidelity won six Lipper Fund awards in multiple fund categories, including a number of awards for Fidelity funds that aim to deliver income to Canadian investors.

"We are proud to be recognized by Lipper again this year for providing our clients with consistently strong risk-adjusted performance across many fund categories," said Darren Farkas, Vice President, Product Research, Fidelity Investments Canada ULC.  "We're especially pleased that a number of our income producing funds were recognized, given Canadians increased focus on income-oriented solutions for their investment portfolios."

The Lipper awards build on the long-term positive momentum Fidelity is experiencing including reporting one of its strongest sales years in its 23-year history last year.  This momentum is continuing into 2011, with Fidelity reporting its highest January gross sales on record.  Industry observers are recognizing this momentum with Fidelity being named number one "Overall Company" in the Environics Advisor Perception Study for the fifth year in a row. 

In additional news, long-time Fidelity portfolio manager Maxime Lemieux, who manages the Fidelity True North Fund, was recently named by Finance et Investissement as one of the Top 25 most influential people in the Quebec financial services industry.

Lipper recognized the following Fidelity mutual funds:

Fidelity Fund Lipper Award
Fidelity Special Situations Fund Series A, managed by Mark Schmehl Three-year award winner - Canadian Focused Small/Mid Cap Equity
Fidelity ClearPath 2045 Portfolio Series A, managed by Mariana Egan and Mark Friebel One-year award winner - 2020+ Target Date Portfolio
Fidelity Dividend Fund Series A, managed by Bob Swanson (lead portfolio manager) Five-year award winner - Canadian Dividend & Equity Income
Fidelity Income Allocation Fund Series A, managed by Bob Swanson (lead portfolio manager) Five-year award winner - Canadian Equity Balanced
Fidelity Monthly Income Fund Series A, managed by Bob Swanson (lead portfolio manager) Five-year award winner - Canadian Neutral Balanced
Fidelity Europe Class Series A, managed by Parus Shah Five-year award winner - European Equity

About the Lipper Fund Awards

The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams.

The Lipper Fund Awards recognize funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers. In addition, the Lipper Fund Awards recognize fund families with high average scores for all mutual funds within a particular asset class or overall. The Lipper Fund Awards are formally announced each year at ceremonies which take place in 21 countries in Asia, Europe, MENA, and the Americas.

About Fidelity Investments

Fidelity Investments Canada ULC is the country's sixth largest mutual fund company and part of the Fidelity Investments organization of Boston, one of the world's largest providers of financial services. In Canada, Fidelity manages over $64 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. 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:

Chris Pepper
Director, Corporate Affairs
Mobile: 416-795-7762
Email: chris.pepper@fmr.com


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