TORONTO, Sept. 20, 2018 /CNW/ - Late last week, the Canadian Securities Administrators (CSA) proposed amendments to mutual fund purchase options. Fidelity Investments Canada ULC is committed to protecting access to financial advice and preserving choice for Canadian investors.
Millions of Canadian investors entrust us with their hard-earned savings and we take their trust and financial future very seriously. To that end, Fidelity shares the goals of the CSA, its regulators and the Ontario Government to strengthen investor protection and to foster fair and efficient capital markets.
We commend the recent CSA decision to not move forward with the banning of embedded sales commissions in mutual funds. Additionally, we support Minister Fedeli's goal of enabling families and investors to save towards retirement and other financial goals. We encourage the idea of working with stakeholders to explore potential alternatives including declining to implement a ban on deferred sales charges in mutual funds.
We support options that enhance access to financial advice, preserve choice for investors and strengthen investor protection.
About Fidelity Investments Canada ULC
Fidelity Investments Canada ULC is one of Canada's top investment management firms managing a total of $136 billion in mutual fund and institutional assets. This includes $36 billion in assets for institutional clients including public and corporate defined benefit pension and defined contributions plans, sub-advised programs, endowments, foundations and other corporate assets on behalf of clients across Canada as at August 31, 2018.
Fidelity Investments Canada ULC provides Canadian investors a full range of domestic, international and income oriented mutual funds, as well as asset allocation, managed solutions, ETFs and a high net worth 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 ULC
For further information: Chris Pepper, Vice-President, Corporate Affairs, Fidelity Investments Canada ULC, T: (416) 307-5388, M: (416) 795-7762, E: [email protected]