New addition for Fidelity's asset allocation products

TORONTO, Sept. 13, 2018 /CNW/ - Fidelity Investments Canada ULC, one of Canada's top investment management firms, today announced that on October 1, 2018, Fidelity institutional portfolio manager David Tulk will join Geoff Stein and David Wolf as a portfolio manager on the following Fidelity global asset allocation and balanced products:

• Fidelity Balanced Managed Risk Portfolio
  
  
• Fidelity Conservative Managed Risk Portfolio
  
  
• Fidelity Conservative Income Fund
  
  
• Fidelity Conservative Income Private Pool

Since 2016, David Tulk has been a key member of Fidelity's Global Asset Allocation team, working closely alongside David Wolf and Geoff Stein as an institutional portfolio manager on Fidelity's full asset allocation lineup.

"As institutional portfolio manager, David has spent considerable time helping our clients understand Canadian and global macroeconomic trends and capital markets research and analysis," said Kelly Creelman, Vice President, Retail Products and Solutions. "His former roles with the Bank of Canada and other major institutional investment organizations have helped him provide Fidelity with deep insights and strategic recommendations on interest rate moves, monetary policy, investments and asset allocation perspectives. We are confident he will be a great addition to the portfolio management team."

About Fidelity Investments Canada ULC

Fidelity Investments Canada ULC is one of Canada's top investment management firms, managing a total of $136 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 August 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, managed solutions, ETFs and a high net-worth 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.

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SOURCE Fidelity Investments Canada ULC

Chris Pepper, Vice-President, Corporate Affairs, Fidelity Investments Canada ULC, T: [phone], M: [phone], E: [email protected]