~ Also introduces new small-mid cap fund, the Fidelity Special Situations
TORONTO, April 16 /CNW/ - Fidelity Investments Canada, a global leader in
investment management, today announced the launch of three new global mutual
funds including the Fidelity Global Dividend Fund, Fidelity Global Monthly
Income Fund and Fidelity Global Bond Fund. These new global funds match
Canadian investors' increased demand for regular income with their growing
willingness to look for investment opportunities outside of Canada.
"Global investments should play an important part of a diversified
portfolio," said Stephanie Nacawa, vice president, product research, Fidelity
Investments. "Canadian investors should look beyond our borders to diversify
their portfolio as there are a wealth of investment opportunities outside of
Fidelity has over 60 years of experience in investment management and has
built up vast global resources to uncover promising opportunities around the
world. It has over 900 portfolio managers, analysts and traders in research
offices in Canada, the U.S., Latin America, Europe and Southeast Asia all
focused on investments around the world.
"A global player like Fidelity has the strength and expertise to help
investors gain exposure to new global investment opportunities," said Nacawa.
"These new Fidelity funds provide investors with globally diversified
opportunities across a variety of asset classes, geographic regions and
Fidelity Global Monthly Income Fund
Income funds are the most popular sector of the Canadian mutual fund
industry. However, most are focused on North American equities and there is
limited choice for investors looking for global income alternatives. The
Fidelity Global Monthly Income Fund invests in global equities and
fixed-income securities, including two unique asset classes, global real
estate equities and hedged U.S. high-yield bonds. The Fund will provide
investors with long-term capital growth and regular income through both
geographic and asset class diversification.
The Fund is led by co-portfolio managers Mark A. Friebel and Mariana Egan
and supported by Fidelity's extensive team of asset allocation investment
professionals. The team employs a tactical asset allocation strategy to
overweight the most attractive asset classes in the portfolio. It is suitable
for investors with a low-to-moderate level of risk tolerance, and seeking
global exposure, monthly distributions and moderate capital growth.
Fidelity Global Dividend Fund
The Fidelity Global Dividend Fund seeks long-term capital growth and
attractive dividend yields by investing primarily in global dividend paying
equities. Generally, companies that pay dividends are stable businesses that
can afford to share profits with shareholders and, as a group, has had lower
volatility than companies that do not pay dividends. The fund also invests in
hedged global bonds and global real estate securities, to further diversify
This Fund is suitable for investors who have a moderate tolerance for
risk and want exposure to global dividend paying equities. It is led by
co-portfolio managers Mark A. Friebel and Mariana Egan who are supported by
Fidelity's asset allocation team.
Fidelity Global Bond Fund
The Fidelity Global Bond Fund seeks to provide income with some potential
for capital gains by investing in global bonds, including government and
corporate bonds. The Fund is managed by Andrew Weir who is supported by
Fidelity's world-class Global Fixed Income team. It is suitable for investors
that have a low risk tolerance and are looking for geographically diversified
The fund is offered in both hedged and unhedged versions. The hedged
version mitigates the investor's exposure to foreign exchange risk, while the
unhedged version provides investors with foreign currency exposure.
Strong potential for growth - Fidelity Special Situations Fund
The Fidelity Special Situations Fund focuses on finding small-to-mid cap
companies that have a strong potential for growth. Managed by Mark Schmehl,
the Fund's objective is to achieve long-term capital growth by investing
primarily in small and mid-cap Canadian and foreign equities. The Fund has the
potential to be concentrated in its stocks, industry and geography.
This Fund is suitable for investors with a long-term investment horizon
who want to add the growth potential of small and mid-sized companies to their
portfolio and who has a moderate-to-high risk tolerance.
About Fidelity Investments
Fidelity Investments is Canada's eighth largest mutual fund company and
part of the Fidelity Investments organization of Boston, one of the world's
largest providers of financial services. In Canada, Fidelity manages a total
of $43 billion in mutual fund and corporate pension plan assets. It offers
Canadian investors a full range of domestic, international and income-oriented
mutual funds. Fidelity funds are available through a number of advice-based
distribution channels including financial planners, investment dealers, banks,
and insurance companies. Fidelity Investments also administers defined
contribution plans and manages defined benefit assets on behalf of corporate
clients across Canada.
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