~ New Equity Strategy Harnessing the Entrepreneurial Spirit of Founders~
TORONTO, April 18, 2018 /CNW/ - Fidelity Investments Canada ULC, one of Canada's top investment management firms, today launched Fidelity Founders Class managed by portfolio manager Daniel Kelley.
Fidelity Founders Class is a core equity strategy focused on investing primarily in founder-led companies anywhere in the world and across the market cap spectrum in both public and private markets. A founder-led company is defined as any company where the founder remains in a position of influence, such as CEO/President, C-Suite Role, board of directors, personal or family share ownership. Leveraging the strength of Fidelity's deep global research platform, Dan will seek to identify the most compelling opportunities with strong earnings growth potential across all sectors.
"Founders are innovative, customer-obsessed and relentlessly committed to driving their business forward and to achieving their vision. These traits often define how entrepreneurs build successful companies that stand the test of time," said Rob Strickland, President, Fidelity Investments Canada ULC. "We are very pleased to launch this truly unique fund in the Canadian marketplace, which will harness the entrepreneurial spirit of founders and seek to deliver long-term value for investors."
The Fidelity Founders Class is a core equity strategy that offers the following:
A unique mandate focused on founder-led companies: The fund is a truly unique mandate in the Canadian mutual fund market focused on harnessing the entrepreneurial spirit of founder-led companies.
The strength of Fidelity: The fund leverages Fidelity's vast research network, global presence and company access through the use of both extensive fundamental and quantitative analysis.
A world of opportunities: The fund gives investors access to small-, medium- and large-cap founder-led companies from around the world, with an emphasis on the U.S., including private offerings.
This launch is a significant addition to Fidelity Innovators Suite that includes Fidelity Global Innovators Class and Fidelity Technology Innovators Fund. Fidelity Investments Canada ULC is committed to offering Canadian investors choice in a wide range of funds designed to meet the diverse needs of Canadian investors in today's changing world.
Fidelity Founders Class is also available in a currency neutral version. For more information, please visit www.fidelity.ca.
Portfolio Manager Daniel Kelley
Daniel Kelley is a portfolio manager at Fidelity Investments. He manages Fidelity Founders Class. He also manages Fidelity Trend Fund and Fidelity Advisor Diversified Stock Fund for U.S. investors.
Previously, Dan managed Fidelity Large Cap Growth Fund, Fidelity Advisor Strategic Growth Fund, Fidelity VIP Growth Stock Portfolio and Fidelity Select Construction and Housing Portfolio, all for U.S. investors. Prior to assuming his portfolio management responsibilities, Dan worked as sector leader of the real estate investment trusts (REITs) research team where he was responsible for the coverage of REITs and homebuilders stocks.
Before joining Fidelity in 2005, Dan was an associate in the Institutional Equities division at Morgan Stanley. He was also a financial analyst, and later an associate, in the Equities division at Goldman Sachs & Co. He has been in the investments industry since 2001.
Dan earned his Bachelor of Science degree, summa cum laude, in finance and accounting from Georgetown University
Fidelity Investments Canada ULC
Fidelity Investments Canada ULC manages a total of $134 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 March 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 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 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]