Fidelity mutual funds win multiple Lipper Fund Awards as top funds in their categories



    TORONTO, April 29 /CNW/ - Fidelity Investments Canada ULC won multiple
Lipper fund awards last night at the 3rd annual Canadian Lipper Awards. The
Lipper Awards recognize the best fund in a category on Lipper's consistent
return calculation over a number of time periods. Overall, Fidelity won nine
awards, including two highly coveted 10-year Lipper Fund Awards. Fidelity also
won awards for its Canadian equity, Asia ex-Japan equity, European equity and
technology mutual funds.
    The Fidelity Canadian Disciplined Equity(R) Fund and the Fidelity
Canadian Balanced Fund both won 10-year Lipper Fund Awards. Both of these
funds have been managed since inception by Fidelity's Team Canada. Fidelity
also had multiple winners in the one, three and five-year categories. The
Fidelity Income Trust Fund was recognized with Lipper awards for performance
over one and three years. Additionally, Fidelity Far East Fund continues to
lead its category with its third consecutive Lipper award. Fidelity Europe
Fund and Fidelity Global Telecommunications Fund have also won in each of the
past two years.
    "We are proud to be honoured by Lipper as the top funds in a number of
different fund categories, which is especially meaningful in these challenging
market conditions," said Rob Strickland, President, Fidelity Investments
Canada ULC. "The Lipper awards illustrate that investment managers need to
perform in all markets. Fidelity has been a trusted steward of clients' assets
for over 60 years, with a long history of delivering results for our clients.
The long-term strength and experience of Fidelity shines through in volatile
times."
    These awards build on the long-term positive momentum that Fidelity is
experiencing, including the recent announcement that one of the largest
buy-side teams dedicated to managing Canadian equities, Fidelity's Team
Canada, is moving home to new offices in Toronto and Montreal. This move
brings Team Canada members closer to the clients and markets they serve. As
well, Canadian investors continue to recognize Fidelity's strong performance
and reputation with strong positive net sales. In 2008, Fidelity achieved the
number one ranking in long-term mutual fund net sales. This positive sales
momentum continues this year with the highest long-term mutual fund net sales
in March 2009.

    
    The following Fidelity mutual funds were recognized by Lipper:

    -------------------------------------------------------------------------
           Fidelity Fund                           Lipper Award
    -------------------------------------------------------------------------
    Fidelity Canadian Disciplined        10-year award winner - Canadian
    Equity(R) Fund Series A,             Equity
    managed by Andrew Marchese
    -------------------------------------------------------------------------
    Fidelity Canadian Balanced Fund      10-year award winner - Canadian
    Series A, managed by Mark            Neutral Balanced
    Friebel and Mariana Egan
    (lead portfolio managers)
    -------------------------------------------------------------------------
    Fidelity Global Telecommunications   Five-year award winner - Science &
    Fund Series A, managed by            Technology Equity
    Fidelity Global Equity Team          Three-year award winner - Science &
                                         Technology Equity
    -------------------------------------------------------------------------
    Fidelity Europe Fund Series A        Five-year award winner - European
    and Fidelity Europe Class            Equity
    Series A, managed by Parus Shah
                                         Three-year award winner - European
                                         Equity
    -------------------------------------------------------------------------
    Fidelity Income Trust Fund           Three-year award winner - Canadian
    Series A, managed by Cecilia Mo      Income Trust Equity
                                         One-year award winner - Canadian
                                         Income Trust Equity
    -------------------------------------------------------------------------
    Fidelity Far East Class Series A,    One-year award winner - Asia
    managed by Joseph Tse                ex-Japan Equity
    -------------------------------------------------------------------------
    

    A Lipper Leader for Consistent Return is a fund that has provided
superior consistency and risk-adjusted returns when compared to a group of
similar funds. The Lipper Fund Awards are awarded to funds in 21 countries in
Asia, Europe, the Middle East/North Africa, and the Americas. Lipper
designates award-winning funds in most individual classifications for the
three-, five-, and ten-year periods. For more information on Lipper Leaders,
please visit www.lipperweb.com

    About Fidelity Investments

    Fidelity Investments Canada ULC is the country's fifth 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 a total of $40 billion in mutual fund and institutional assets. This
includes $5 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.





For further information:

For further information: Chris Pepper, Director, Corporate Affairs,
Office: (416) 307-5388, Mobile: (416) 795-7762, Email: chris.pepper@fmr.com


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