TORONTO, May 6, 2015 /CNW/ - Fidelity Investments Canada ULC (Fidelity Canada) today announced the launch of two new investment solutions with access to renowned portfolio manager Joel Tillinghast. Effective today, Canadians will be able to invest in Fidelity Global Intrinsic Value Class and Fidelity American Balanced Fund.
"The launch of these new investment solutions embodies Fidelity's unwavering commitment to bringing the best of the firm's talent and investing resources to Canada. Fidelity Canada continues to focus on serving the needs of financial advisors and investors with world-class investment solutions, outstanding portfolio managers and intelligently designed products," said Rob Strickland, President, Fidelity Canada.
Fidelity Canada is currently experiencing tremendous positive momentum with strong investment performance with 93% of its assets in the top two quartiles of performance over the last 12 months (as of March 31, 2015). As well, Fidelity recently had its best RRSP season in its 27-year history with over $3 billion in net sales and surpassing $105 billion in assets under management.
Harnessing the power of one of the world's leading investors − Fidelity Global Intrinsic Value Class
Managed by legendary Fidelity portfolio manager, Joel Tillinghast, Fidelity Global Intrinsic Value Class is an opportunistic global equity strategy that can invest in companies across the market cap spectrum with a particular emphasis on small- and mid-cap stocks.
The new solution aims to deliver long-term capital growth through a value investment framework which seeks to identify high-quality companies that the portfolio management team believes can compound returns over time by growing their intrinsic worth.
Backed by Fidelity's worldwide research resources, Joel searches the globe for companies undervalued by the market by using bottom-up fundamental analysis and an intrinsic value investment philosophy that he has employed for a number of years. Joel will also be supported by portfolio manager Salim Hart, who uses quantitative analysis to help identify global investment opportunities.
"Joel Tillinghast is one of Fidelity's most tenured and distinguished portfolio managers. Over his 25-year career he has delivered impressive investment results for unitholders as well as receiving numerous industry awards and accolades," said Strickland. "Joel has been named Fund Manager of the Year by both The Street and Morningstar U.S. In 2007, MarketWatch named him "Stock-Picker of the Decade". In July 2009, Smart Money Magazine named him among the 'world's greatest investors'."
For advisors and investors interested in learning more about Joel, please visit www.investwithjoel.com
Tillinghast, MacMillan, Stein, Wolf – a world-class team only Fidelity could put together
Fidelity American Balanced Fund is a new growth-focused U.S. balanced solution which will combine the expertise of some of Fidelity's most distinguished portfolio managers. The Fund will aim to achieve long-term growth by investing across a range of equities and fixed-income securities in the U.S. and around the world.
Managed by Fidelity's leading portfolio managers and backed by the firm's broad global research and resources network, the Fund will offer a tactical mix of equity and fixed-income securities, with a bias toward equities to provide the potential for higher returns.
Fidelity American Balanced Fund generally invests 65% in equities and 35% in fixed-income and short-term securities. The equity portion will invest in Fidelity American Equity Fund managed by Steve MacMillan and Fidelity Global Intrinsic Value Investment Trust managed by Joel Tillinghast and Salim Hart. Experienced Fidelity portfolio managers Geoff Stein and David Wolf will manage the overall asset allocation of the Fund.
"The new Fidelity American Balanced Fund is a good choice for investors looking for a balanced investment solution to access the U.S. and global markets. The portfolio management horsepower on this Fund – Joel Tillinghast, Steve MacMillan, Geoff Stein, David Wolf plus Fidelity's team of fixed-income experts − is unrivalled in the Canadian marketplace," said Strickland.
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 2014 Morningstar Advisors' Choice Fund Company of the Year, Fidelity Canada manages a total of $106 billion in mutual fund and institutional assets. This includes $20 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 March 31, 2015.
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.
Read a fund's prospectus and consult your financial advisor before investing. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. Investors will pay management fees and expenses, may pay commissions or trailing commissions and may experience again or loss.
SOURCE Fidelity Investments Canada Limited
For further information: Chris Pepper, Vice President, Corporate Affairs, Office: 416-307-5388, Mobile: 416-795-7762, Email: [email protected]