Fidelity offers investors new global investing and income options

TORONTO, May 28, 2014 /CNW/ - Fidelity Investments Canada ULC (Fidelity Canada) today announced the launch of new investment options for investors looking to diversify their portfolios, including a number of new currency neutral investment options.  This launch continues Fidelity Canada's strong start to the year as the company recently surpassed $90 billion in assets under management as at April 30, 2014, a 22.9% increase over April 2013.        

Go Anywhere - Fidelity NorthStar® Balanced Fund

The Fidelity NorthStar® Balanced Fund has the flexibility to invest where its veteran Fidelity portfolio managers see the best opportunities.  The Fund is a balanced investment solution that offers investors the potential for long-term capital growth by investing in a mix of equity securities and fixed income asset classes from around the world.  The Fund brings together Fidelity's deep experience in managing equity, asset allocation and fixed income solutions for investors worldwide.   

"The Fidelity NorthStar® Balanced Fund, with its go-anywhere mandate is a fund with an All-Star team of Fidelity portfolio managers.  Experienced Fidelity asset allocation portfolio manager Chris Sharpe is responsible for the overall management of the Fund with veteran Fidelity managers Jeff Moore and Ford O'Neil responsible for the fixed income portion of the Fund.  To gain its desired equity exposure, the Fund currently invests in the Fidelity NorthStar® Fund, which is managed by Dan Dupont and Joel Tillinghast, both top-performing portfolio managers," said Craig Strachan, Head of Product, Fidelity Canada. 

The Fund marries the bottom-up, fundamental equity investing approach with a dynamic multi-sector approach to fixed-income investing.  The fixed income portfolio managers have the flexibility to invest in non-investment-grade sectors, such as high-yield bonds, emerging market debt and floating rate debt. 

An Income Fund for Any Market: Fidelity Tactical High Income Fund

Meeting the needs of investors looking for a core income and capital appreciation investment solution, Fidelity Tactical High Income Fund invests across a broad spectrum of income-producing securities which may be located anywhere in the world.  Investors can benefit from Fidelity's global platform and deep experience in investing in income-oriented asset classes.    

"Fidelity Tactical High Income Fund draws on Fidelity's global platform and deep experience in managing high income asset classes and yield- oriented investments," said Strachan. "Fidelity has over 35 years' experience in managing these asset classes and currently employs over 200 investment professionals dedicated to researching and managing these securities." 

The Fund is managed by Adam Kramer, a Fidelity portfolio manager with over 14 years of experience managing high income solutions.  He is backed by well-known and experienced portfolio managers James (Jim) Morrow and Ford O'Neil.  The current investment options available to the portfolio managers' include, but are not limited to, equity securities, convertible securities, floating rate debt instruments, emerging market debt securities, high yield securities and asset-backed and mortgage-backed securities.   The managers can also invest in corporate and governments bonds.    

More Currency Neutral options

Fidelity Canada is also expanding its suite of currency neutral investment solutions with the addition of eight new options:

  • Fidelity NorthStar® Balanced Currency Neutral Fund
  • Fidelity Tactical High Income Currency Neutral Fund
  • Fidelity U.S. Focused Stock Currency Neutral Class
  • Fidelity U.S. All Cap Currency Neutral Class
  • Fidelity American Equity Currency Neutral Class
  • Fidelity Small Cap America Currency Neutral Class
  • Fidelity Floating Rate High Income Currency Neutral Fund
  • Fidelity U.S. Monthly Income Currency Neutral Fund

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. Recipient of the 2013 Morningstar Advisors' Choice Fund Company of the Year, Fidelity Canada manages a total of $90 billion in mutual fund and institutional assets. This includes $19 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 as at April 30, 2014.

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: Chris Pepper, Vice President, Corporate Affairs, Office: 416-307-5388, Mobile: 416-795-7762, Email:


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