TORONTO, Jan. 26, 2017 /CNW/ - Fidelity Investments Canada ULC, one of Canada's top investment management firms, today launched Fidelity Insights Class managed by Will Danoff. Throughout Will's long and distinguished career at Fidelity, he has focused on putting unitholders first. With the launch of Fidelity Insights Class, Canadian investors can now access Will's investment expertise.
Will joined Fidelity as an equity research analyst in 1986 after graduating from the Wharton School of the University of Pennsylvania. He served as the portfolio manager assistant for Fidelity Magellan Fund, working alongside renowned investor Peter Lynch from 1989 to 1990. He currently manages a number of other mandates for U.S. investors, including Fidelity Contrafund®, which is the largest solely actively managed equity mutual fund in the U.S.
"At Fidelity, we believe Canadians deserve access to outstanding active management as they save and invest toward their financial goals," said Rob Strickland, President, Fidelity Investments Canada ULC. "As we mark our 30th anniversary in 2017, we are pleased to bring Will Danoff's investment expertise to Canadian investors with the launch of Fidelity Insights Class."
Fidelity Insights Class – a core equity solution
Fidelity Insights Class aims to achieve long-term capital appreciation by investing primarily in equity securities of companies anywhere in the world, across the market cap spectrum, with an emphasis on U.S. equity securities.
In managing the fund, he will seek to identify "best of breed" companies that he believes will offer sustained, above-average earnings growth. He will do this through in-depth, bottom-up fundamental analysis, working in concert with Fidelity's global research team. Will's long tenure and depth of experience helps him to identify companies that have the potential to deliver durable earnings growth over the long-term for investors.
Investors can also purchase a currency neutral version of the fund, Fidelity Insights Currency Neutral Class.
Fidelity Investments Canada
Fidelity Investments Canada ULC (Fidelity Investments Canada) 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 manages a total of $129.5 billion in mutual fund and institutional assets. This includes $22 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 December, 31, 2016.
Fidelity Investments Canada 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 Investments Canada is a leader across many facets of its business. It was named the top overall mutual fund company in a study of financial advisors for the 11th consecutive year. It is now the 4th largest mutual fund company in Canada and is among the fastest growing companies in the investment industry. Fidelity Investments Canada is named on Canada's Top 100 Employers list, Canada's Top Employers for Young People and GTA's TOP 100 Employers list for 2017 for providing an exceptional place to work for its employees.
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
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For further information: Chris Pepper, Vice-President, Corporate Affairs, Fidelity Investments Canada ULC, T: (416) 307-5388, M: (416) 795-7762, E: [email protected]