~ Fidelity Canada introduces new Fidelity North American Equity Class investment solution ~
TORONTO, Oct. 28, 2015 /CNW/ - Fidelity Investments Canada ULC ("Fidelity Canada") continues its very successful year by launching Fidelity North American Equity Class (the "Fund"), an investment solution offering the best opportunities in the Canadian and U.S. equity markets. Fidelity is also introducing a currency neutral version of one of its most popular funds, the Fidelity Global Intrinsic Value Class.
Managed by experienced Fidelity Canada portfolio manager Darren Lekkerkerker, Fidelity North American Equity Class aims to invest in high-quality companies located primarily in Canada and/or the U.S. and aims to achieve long-term capital growth for investors.
"Darren Lekkerkerker is one of Fidelity Canada's most successful portfolio managers. His investment approach with Fidelity Canadian Balanced Fund has been outstanding, and this new solution will take Darren's successful approach and expand it – offering the best opportunities in U.S. and Canadian equities to investors," said Rob Strickland, President, Fidelity Canada.
Darren considers each investment as taking an ownership stake in the business and not as a trade. He focuses on companies that have solid business models and shareholder-oriented management teams and that are trading at attractive valuations.
With this Fund, Darren has the ability to be flexible and aims to invest in the best opportunities across Canada and the U.S. He will concentrate on mid- and large-cap companies that have a competitive advantage over peers. Generally, the Fund will invest no more than approximately 50% of its net assets in Canadian equity securities and may invest up to 90% of the Funds' assets in U.S. equity securities. It may invest up to approximately 20% of its net assets in equity securities of companies located outside of Canada and/or the U.S.
Fidelity Canada is experiencing tremendous positive momentum with strong performance. As well, Fidelity is one of the fastest growing companies in the investment industry; Fidelity recently became the 4th largest mutual fund company in Canada.
Getting more from Joel Tillinghast – Fidelity Global Intrinsic Value Currency Neutral Class
Fidelity Canada is also introducing a currency neutral version of one of its most popular funds. Effective today, Canadians will be able to invest in Fidelity Global Intrinsic Value Currency Neutral Class.
"Fidelity understands that advisors and investors appreciate choice in our core line-up of funds and that is why we are launching Fidelity Global Intrinsic Value Currency Neutral Class. Launching a currency neutral version of this popular investment solution will give clients more options in managing exchange rate fluctuations between the Canadian dollar and foreign currencies," said Strickland.
Managed by legendary Fidelity portfolio manager, Joel Tillinghast, Fidelity Global Intrinsic Value Currency Neutral Class is an opportunistic global equity strategy that can invest in companies across the market cap spectrum with a particular emphasis on small- and mid-cap stocks.
Backed by Fidelity's worldwide research resources, Joel searches the globe for companies undervalued by the market by using bottom-up fundamental analysis and an intrinsic value investment philosophy that he has employed for a number of years. Joel is supported by portfolio manager Salim Hart, who uses quantitative analysis to help identify global investment opportunities.
For advisors and investors interested in learning more about Joel, please visit www.investwithjoel.com
About Fidelity Investments
Fidelity Investments Canada ULC is part of the Fidelity Investments organization of Boston, one of the world's largest providers of financial services. Recipient of the 2014 Morningstar Advisors' Choice Fund Company of the Year, Fidelity Canada manages a total of $106 billion in mutual fund and institutional assets. This includes $19 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 September 30, 2015.
Fidelity 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 is a proud supporter of the Boys and Girls Clubs of Canada and we are dedicated to helping young Canadians realize their full potential as productive, responsible and caring citizens.
Important Information:
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
Chris Pepper, Vice President, Corporate Affairs, Office: 416-307-5388, Mobile: 416-795-7762, Email: [email protected]
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