TORONTO, June 30, 2016 /CNW/ - Fidelity Investments Canada ULC today announced fee reductions on all retail series of Fidelity Corporate Bond Fund and Fidelity Corporate Bond Class*. The management fees for Fidelity Corporate Bond Fund and Fidelity Corporate Bond Class have been reduced by 10 bps, effective August 1, 2016.
"Fixed income mutual funds are a smart choice for many investors' portfolios as they can add stability amid market volatility. Fidelity Corporate Bond Fund and Fidelity Corporate Bond Class are a very good way for investors to gain access to these markets, all backed by Fidelity's global investment management capabilities. Now these solutions are being delivered at a lower cost," said Kelly Creelman, Vice President Retail Products and Solutions, Fidelity Investments Canada ULC.
Fidelity Corporate Bond Fund and Class seek to earn a steady flow of income through a disciplined investment approach by investing primarily in fixed income securities issued by Canadian and foreign corporations.
Investors are encouraged to speak with their financial advisor about these changes and to review their options. For account information, Fidelity's client services team can be reached between 8 a.m. and 8 p.m. EDT at 1-800-263-4077 (toll-free).
About Fidelity Investments Canada ULC
Fidelity Investments Canada ULC is part of the broader group of companies collectively known as "Fidelity Investments", one of the world's largest providers of financial services. Fidelity Investments Canada ULC manages a total of $120.7 billion in mutual fund and institutional assets. This includes $21 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, 2016.
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.
*Fidelity Corporate Bond Class was generally closed to new purchases and switches as at April 2, 2013.
SOURCE Fidelity Investments Canada ULC
For further information: Jason Stahl, Director, Fidelity Investments Canada, Office: 416-306-5926, Email: [email protected]