TORONTO, Feb. 27,
2024 /CNW/ - Fidelity Investments Canada ULC
(Fidelity) today announced its intention to change the listing
venue for the following exchange-traded funds (ETFs) from the
Toronto Stock Exchange (TSX) to Cboe Canada Inc. (Cboe Canada):
- Fidelity Canadian Low Volatility ETF (FCCL)
- Fidelity Canadian Momentum ETF (FCCM)
- Fidelity Canadian Short Term Corporate Bond ETF (FCSB)
- Fidelity Global Core Plus Bond ETF (FCGB/FCGB.U)
- Fidelity Global Investment Grade Bond ETF (FCIG/FCIG.U)
- Fidelity International Low Volatility ETF (FCIL)
- Fidelity International Momentum ETF (FCIM)
- Fidelity Systematic Canadian Bond Index ETF (FCCB)
- Fidelity U.S. Low Volatility Currency Neutral ETF (FCLH)
- Fidelity U.S. Low Volatility ETF (FCUL/FCUL.U)
- Fidelity U.S. Momentum Currency Neutral ETF (FCMH)
- Fidelity U.S. Momentum ETF (FCMO/FCMO.U)
Fidelity has received conditional approval from Cboe Canada to
list the units of the ETFs on its exchange.
Fidelity anticipates that the ETFs will be voluntarily delisted
from the TSX at the close of business on Wednesday, March 27, 2024 and listed on Cboe
Canada on Thursday, March 28, 2024.
After this change, units of the ETFs will only be available for
trading on Cboe Canada. Unitholder approval is not required. The
conditions set out in section 720(b) of the TSX Company Manual have
been met, namely, that an acceptable alternative market exists for
the listed securities on or about the proposed delisting date.
Fidelity's growing ETF business is at $5.1 billion in assets under management (as of
February 15, 2024) and continues to
expand its innovative product offering in the marketplace,
providing choice for investors and helping them meet their
financial goals.
Fidelity's ETF lineup ranges from All-in-One ETFs, Active ETFs, and
Equity ETFs to Fixed Income ETFs, Balanced or Multi-Asset ETFs,
Digital Asset ETFs and liquid alternative ETFs.
About Fidelity Investments Canada ULC
At Fidelity, our mission is to build a better future for
Canadian investors. 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
$226 billion in assets under
management (as at February 16, 2024)
and they include individuals, financial advisors, pension plans,
endowments, foundations and more.
We are proud to provide investors a full range of investment
solutions through mutual funds and exchange-traded funds, including
domestic, international and global equity and income-oriented
strategies, asset allocation solutions, managed portfolios,
sustainable investing strategies, alternative strategies and our
high net worth programs. Fidelity Funds are available through a
number of advice-based distribution channels including financial
planners, investment dealers, banks, insurance companies and online
trading platforms.
Commissions, trailing commissions, management fees, brokerage
fees and expenses may be associated with investments in mutual
funds and ETFs. Please read the mutual fund's or ETF's prospectus,
which contains detailed investment information, before investing.
Mutual funds and ETFs are not guaranteed. Their values change
frequently, and investors may experience a gain or a loss. Past
performance may not be repeated.
Find us on social media @FidelityCanada
www.fidelity.ca
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SOURCE Fidelity Investments Canada ULC