Fidelity Investments Canada honoured by Lipper for delivering strong risk adjusted returns
~ Fidelity mutual funds win 11 Lipper Awards ~
TORONTO, Feb. 10, 2012 /CNW/ - At the 2012 Lipper Fund Awards ceremony last night, several mutual funds managed by Fidelity Investments Canada ULC won Lipper awards across multiple CIFSC fund categories and time periods, including Canadian equity, fixed income and target date portfolios. In total, seven Fidelity mutual funds won 11 awards for delivering strong risk-adjusted performance over various time periods, relative to their peers.
The Lipper awards are in addition to the many honours Fidelity has received lately. Fidelity was recently named by Canadian financial advisors as the Advisors' Choice Fund Company of the Year at the 2011 Morningstar ® Canadian Investment Awards. As well in 2011, for the sixth year in a row, advisors chose Fidelity as the number one "Overall Company" in the annual Environics Advisor Perception Study. Fidelity scored high marks in overall performance, sales, back office, corporate reputation and marketing.
"The Lipper Fund Awards program honours funds that have excelled in delivering consistently strong risk-adjusted performance, over different time periods, relative to their peers. Fidelity Investments Canada is honoured to be recognized by Lipper again this year," said Rob Strickland, President, Fidelity Investments Canada ULC. "In these volatile financial markets, investors and advisors are turning to established companies who can deliver investment solutions that meet their evolving needs. This year Fidelity Investments Canada celebrates our 25th anniversary and these awards only add to the significance of this important milestone."
Additionally, on February 7th, 2012, two of Fidelity's Team Canada portfolio managers, Daniel (Dan) Dupont and Maxime (Max) Lemieux, were named to Finance et Investissement's annual listing of Top 25 Most Influential People in Quebec financial services industry. This is Dan's first and Max's third inclusion on this influential list.
"On behalf of everyone at Fidelity Investments Canada, congratulations to Dan and Max on being named to Finance et Investissement's Top 25 Most Influential list. Dan and Max exemplify the reputation for excellence, service and performance that everyone at Fidelity strives to provide to our clients each and every day," said Strickland.
Dupont manages Fidelity Canadian Large Cap Fund, Fidelity NorthStar® Fund (with Joel Tillinghast) and equity portions of Fidelity Monthly Income Fund and Fidelity Income Allocation Fund. The Fidelity Canadian Large Cap Fund is a multiple Lipper award winner this year and Fidelity Monthly Income Fund received a silver award in the Canadian Balanced category at the recent Morningstar Canadian Investment Awards. Lemieux manages the Fidelity True North® Fund. In 2008, Lemieux was named Mutual Fund Manager of the Year in the U.S. by Dow Jones MarketWatch.
The following Fidelity mutual funds won Lipper awards:
|
Fund Name |
Portfolio Manager(s) |
CIFSC Classification |
Award Period (Years) |
| Fidelity Income Allocation Fund |
Derek Young (co-lead) Geoff Stein (co-lead) |
Canadian Fixed Income Balanced | 1 |
| Fidelity Canadian Large Cap Fund | Daniel Dupont | Canadian Focused Equity | 1 |
| Fidelity Latin America Fund | Adam Kutas | Miscellaneous - Geographic Equity | 1 |
| Fidelity ClearPath® 2020 Portfolio | Mariana Egan and Mark Friebel | 2020 Target Date Portfolio | 3 |
| Fidelity ClearPath® 2045 Portfolio | Mariana Egan and Mark Friebel | 2025+ Target Date Portfolio | 3 |
| Fidelity Income Allocation Fund | Derek Young (co-lead) Geoff Stein (co-lead) | Canadian Fixed Income Balanced | 3 |
| Fidelity Canadian Large Cap Fund | Daniel Dupont | Canadian Focused Equity | 3 |
| Fidelity American High Yield Currency Neutral Fund | Harley J. Lank | High Yield Fixed Income | 3 |
| Fidelity Canadian Large Cap Fund | Daniel Dupont | Canadian Focused Equity | 5 |
| Fidelity Monthly Income Fund | Derek Young (co-lead) Geoff Stein (co-lead) | Canadian Neutral Balanced | 5 |
| Fidelity Canadian Large Cap Fund | Daniel Dupont | Canadian Focused Equity | 10 |
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 Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact [email protected] or visit excellence.thomsonreuters.com.
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. In Canada, Fidelity manages a total of $65 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. Investors can also access Fidelity's expertise through asset allocation, managed and fixed income solutions as well as its 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.
Chris Pepper
Vice President, Corporate Affairs
Office: 416-307-5388
Mobile: 416-795-7762
Email: [email protected]
Share this article