Twitter: @FidelityCanada announces fee reductions on several fixed income funds
TORONTO, June 15, 2017 /CNW/ - Fidelity Investments Canada ULC ("Fidelity Canada"), one of Canada's top investment management firms, today announced management fee reductions on six of its fixed-income solutions.
Fidelity Canada's suite of fixed-income solutions, including its new Multi–Sector Bond Fund managed by Jeff Moore and Michael Plage, are garnering strong support from Canadian investors amid constantly changing markets, and as investors are expected to live longer and require more income. This announcement makes Fidelity Canada's fixed-income funds even more compelling for Canadian investors seeking income.
"As investors increasingly turn towards fixed-income solutions to help provide stability to their portfolios and fund their retirement, we are focused on seeking to maximize income for our clients," said Kelly Creelman, Vice President, Retail Products and Solutions, at Fidelity Canada. "These management fee reductions – on top of Fidelity Canada's already competitive fees – will allow both new and existing fund holders to keep more money in their pockets to help meet their retirement needs."
Effective July 1, 2017, the management fees will be reduced by 5 bps across all existing series of Fidelity Corporate Bond Fund, Fidelity Corporate Bond Class, Fidelity Global Bond Fund, Fidelity Global Bond Currency Neutral Fund, Fidelity Strategic Income Fund and Fidelity Strategic Income Currency Neutral Fund.
Investors are encouraged to speak with their financial advisor about these changes and to review their options. For account information, Fidelity Canada's client services team can be reached between 8 a.m. and 8 p.m. EDT at 1-800-263-4077 (toll-free).
Fidelity Investments Canada ULC
Fidelity Investments Canada ULC manages a total of $137 billion in mutual fund and institutional assets. This includes $23 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 May 31, 2017.
Fidelity Investments Canada ULC 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.
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 a gain or loss.
SOURCE Fidelity Investments Canada Limited
For further information: Chris Pepper, Vice-President, Corporate Affairs, Fidelity Investments Canada ULC, T: (416) 307-5388, M: (416) 795-7762, E: [email protected]