New products include ETF series of
Fidelity Global Equity+ Fund
TORONTO, May 22, 2024
/CNW/ - Fidelity Investments Canada ULC (Fidelity) today launched
two new mutual funds and four new ETF series. Fidelity continues to
expand product choice for advisors and investors both through new
funds, and by offering ETF versions of existing products. The new
products include an ETF series of Fidelity Global Equity+
Fund (launched in fall 2023), which has proven to be a popular
investment solution among advisors and investors.
The ETF Series listed below will begin trading on the Toronto
Stock Exchange today.
New mutual funds:
- Fidelity Global Equity+ Balanced Fund
- Fidelity Global Micro-Cap Fund
New ETFs:
- Fidelity Global Equity+ Balanced Fund - ETF Series (FGEB)
- Fidelity Global Equity+ Fund – ETF Series (FGEP)
- Fidelity Tactical High Income Fund – ETF Series (FTHI)
- Fidelity Emerging Markets Fund – ETF Series (FCEM)
"We're bringing these funds and ETFs to market for Canadian
advisors and investors to offer more choice, providing them the
ability to access our growing suite of products as a mutual fund or
ETF, depending on their preferences and needs," said Kelly Creelman, Senior Vice President, Products
and Marketing, Fidelity. "Our new products provide exposure to
different kinds of global opportunities, from small businesses with
above average growth potential to alternative investments, and
benefit from the experience and expertise of our seasoned portfolio
managers."
Why consider these funds:
Fidelity Global Equity+ Fund – ETF Series (FGEP)
- Provides an ETF version of the mutual fund that combines three
equity styles (through portfolio managers Mark Schmehl, Dan
Dupont, and Hugo Lavallée) plus exposure to liquid
alternatives.
- Offers diversification and above-market return potential
throughout a market cycle.
Fidelity Global Equity+ Balanced Fund and ETF Series
- Offers a balanced version of the popular Fidelity Global
Equity+ Fund.
- Diversifies risk and return potential with three equity styles
(through portfolio managers Mark
Schmehl, Dan Dupont, and Hugo
Lavallée) and two fixed income teams.
Fidelity Global Micro-Cap Fund (managed by Salim Hart)
- Aims to provide exposure to high-growth potential companies and
diversification opportunity with micro-caps from around the
world.
- Uses a blend of fundamental and quantitative research to find
quality businesses at attractive prices.
Fidelity Tactical High Income Fund – ETF Series
(FTHI)
- Provides an ETF version of the mutual fund (managed by
Adam Kramer, Ford O'Neil and
Ramona Persaud) that seeks income
and capital growth across various income sectors.
- Offers flexibility to invest in high yield bonds, investment
grade bonds, preferred shares, convertible securities, and emerging
market debt.
Fidelity Emerging Markets Fund – ETF Series (FCEM)
- Provides an ETF version of the mutual fund (managed by
Sam Polyak) that aims to invest in
leading companies in emerging markets.
- Enhances diversification with lower correlation to broader
markets and developed economies.
Learn more about the funds and get expert insights
- Advisors: tune into FidelityConnects at 11:30 EST today (May
22) to hear Portfolio Manager Salim
Hart discuss the new Fidelity Global Micro-Cap Fund.
- Advisors: register for Director of ETFs Andrei Bruno's insights on the new ETF products
Fidelity is launching, airing live on May
23 at 11:30 EST.
- Investors and advisors: listen to the FidelityConnects
podcast to learn from portfolio managers Adam Kramer, Ramona
Persaud, Mark Schmehl,
Dan Dupont, and Hugo Lavallée.
About Fidelity Investments Canada ULC
At Fidelity, our mission is to build a better future for
Canadian investors and help them stay ahead. We offer investors and
institutions a range of innovative and trusted investment
portfolios to help them reach their financial and life goals.
As a privately-owned company, our people and world class
resources are committed to doing what is right for investors and
their long-term success. Our clients have entrusted us with
$242 billion in assets under
management (as at May 14, 2024) and
they include individuals, financial advisors, pension plans,
endowments, foundations and more.
We are proud to provide investors a full range of domestic,
international and global equity and income-oriented mutual
funds, ETFs, asset allocation strategies, managed portfolios,
sustainable investing products, alternative strategies and a high
net worth program. Fidelity is available through a number of
advice-based distribution channels including financial planners,
investment dealers, banks and insurance companies as well as
through online trading platforms.
Commissions, trailing commissions, management fees, brokerage
fees and expenses may be associated with investments in mutual
funds, asset allocation services and ETFs. Please read the mutual
fund or ETF's prospectus, which contains detailed investment
information, before investing. Mutual funds and ETFs are not
guaranteed. Their values change frequently. Past performance may
not be repeated.
Fidelity Global Equity+ Fund and Fidelity Global Equity+
Balanced Fund can invest in underlying funds that are alternative
mutual funds. Alternative mutual funds have the ability to invest
in asset classes or use investment strategies that are not
permitted for conventional mutual funds. The specific strategies
that differentiate these underlying funds from conventional mutual
funds may include the increased use of derivatives for hedging and
non-hedging purposes, the increased ability to sell securities
short and the ability to borrow cash to use for investment
purposes. If undertaken, these strategies will be used in
accordance with the underlying funds' objectives and strategies,
and during certain market conditions, may accelerate the pace at
which the underlying funds decrease in value.
Fidelity Global Micro-Cap Fund invests in micro- and
small-capitalization companies, which involve greater risks like
less liquidity and higher volatility compared to larger companies.
Please read the Fund's prospectus for more details of these and
other risks.
Unlike traditional mutual fund series, exchange-traded series
(ETF series) are traded on stock exchanges. In the event of a
disruption or a halt in trading of the ETF series on a stock
exchange or marketplace on which the ETF series of a fund are
traded, the trading price of the ETF series may be affected. As a
result, the disruption or halting of such trading may cause a
performance variance between the ETF series and the traditional
mutual fund series because the ETF series may trade in the market
at a premium or discount to the net asset value (NAV) per unit.
There can be no assurance that the ETF series trading price will
behave similar to the NAV per unit. The trading price of the ETF
series will fluctuate in accordance with changes in a fund's NAV,
as well as market supply and demand on the exchange or marketplace
on which the ETF series are traded. As such, the performance
between the ETF series and the traditional mutual fund series of a
fund may vary. In addition, there are other factors that could lead
to performance variances between the ETF series and the traditional
mutual fund series, such as, for example, brokerage commissions and
HST.
Find us on social media @FidelityCanada
www.fidelity.ca
Listen to FidelityConnects on Apple or Spotify
SOURCE Fidelity Investments Canada ULC