Missing the 10 best days in the market could cost you thousands of dollars

    Powerful new on-line tools from Fidelity help investors gain historical
    perspective on today's market volatility

    TORONTO, Sept. 10 /CNW/ - Worried about market volatility? Wondering if
you should move out of equities? Do you think you know when it is the best
time to exit or re-enter the markets? With the volatility in the global equity
market in recent months, many investors are asking themselves similar
    "Investors are besieged daily by news about the global economy, recession
fears, the credit crunch and oil hitting record highs. Sometimes too much
information can lead to loss of perspective," said Peter Drake, vice
president, economic and retirement research, Fidelity Investments Canada ULC.
"But acting out of fear for what might happen to the markets can cost an
investor thousands of dollars."
    To help investors gain perspective about these uncertain markets,
Fidelity Investments Canada ULC today launched four powerful and easy-to-use
on-line tools that illustrate how global markets and asset classes have
reacted and recovered from major upsets. The tools are part of Fidelity's
on-going program to support advisors and their clients during volatile
    Available at www.fidelity.ca/volatility, the interactive tools help to
put market volatility in a historical context. One tool, for example,
illustrates how long it took markets to recover following major incidents
including the Asia Crisis, the tech meltdown and Black Monday in 1987.
    More recently, the markets during the first half of 2008 have been
characterized by dramatic ups and downs. The S&P/TSX Composite Index had
losses totaling over 1500 points over five days in January 2008. On one day
alone, January 21, it was down 605 points, only to rebound the next day, up
509 points. In May, the Index set a new record, surpassing 15,000 points for
the first time in its history. The volatility has even continued over the
summer months, which are traditionally slower periods for the market.
    Fidelity's new volatility tools include information about the following
basic investment concepts that investors should keep in mind in times of
market volatility:

    -   Market crises: illustrates how markets have recovered from past
    -   Timing the market: shows how market timing can affect your returns.
    -   Stock picking: shows how stock picking can help you outperform the
    -   Unpredictable returns: demonstrates the volatility of different
        investment classes.

    "Erratic markets like this can cause anyone concern about risk and
volatility and we understand that it is tempting to contemplate moving to cash
or pulling back from your long-term investing plan," said Drake. "However,
history shows that even one or two days out of the market can make a
significant difference so staying invested is still the best course of
    By using Fidelity's new volatility tools, investors and advisors can see
how missing just a few good days of performance can significantly reduce their
overall returns, how some stocks still produce positive returns in down
markets, and how the longer you hold an investment, the less volatile it

    About Fidelity Investments

    Fidelity Investments Canada ULC is the country's sixth 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 $52 billion in mutual fund and institutional 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 assets for institutional clients
including public and corporate defined benefit pension plans, endowments,
foundations and other corporate assets on behalf of clients across Canada.
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.

For further information:

For further information: Chris Pepper, Director, Corporate Affairs,
Office: (416) 307-5388, Mobile: (416) 795-7762, Email: chris.pepper@fmr.com

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Fidelity Investments Canada Limited

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