TORONTO, Oct. 29, 2013 /CNW/ - Fidelity Investments Canada ULC ("Fidelity") today announced a change to the risk rating of Fidelity International Value Fund in accordance with the approach recommended by the Fund Risk Classification Task Force of The Investment Funds Institute of Canada. This change will be reflected in the renewal of the simplified prospectus of the fund, which will be filed with Canadian securities regulators on or about October 30, 2013.
In connection with Fidelity's regular review of the risk classification of its funds, Fidelity has changed the risk rating for Fidelity International Value Fund from "medium" risk to "medium to high" risk. The objective and strategies of the fund remain the same.
Fidelity regularly reviews the risk classification of its funds and occasionally makes changes based on a methodology that incorporates both quantitative and qualitative considerations.
The methodology used by Fidelity to identify the risk level of each Fidelity mutual fund can be found in the simplified prospectus of the fund, available at fidelity.ca. It is also available at no cost by calling us at 1-800-263-4077, by sending us an email at firstname.lastname@example.org (for assistance in English) or email@example.com (for assistance in French) or by writing to us at Fidelity Investments Canada ULC, 483 Bay Street, Suite 300, Toronto, Ontario M5G 2N7.
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 2012 Morningstar Advisors' Choice Fund Company of the Year, Fidelity Canada manages a total of $78 billion in mutual fund and institutional assets. This includes $16 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 ULC
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Vice President, Corporate Affairs