Fidelity Investments Canada Offers 14 Mutual Funds Across Various Market Segments
Fidelity Investments Canada Ltd., a renowned investment management company, offers a diverse range of 14 mutual funds catering to various investment objectives and risk profiles. As of early February, these funds had amassed significant assets, catering to the needs of a broad range of investors. The funds cover a spectrum of market segments, including Canadian equities, global bonds, and international equities.
Key Takeaways:
- Fidelity Investments Canada offers 14 mutual funds across different market segments, including Canadian equities, global bonds, and international equities.
- The Capital Builder Fund, with assets of $719.5-million, focuses on Canadian equities and provides a long-term growth opportunity.
- The Global Bond Fund, launched in early 2022, offers international currency exposure with assets of $150-million.
- The North American Income Fund, launched in early 2022, invests in Canadian, U.S., and Mexican debt with less than three years to maturity, boasting $690-million in assets.
- The Far East Fund has the largest assets among the Fidelity offerings, with $2.1-billion, investing in Southeast Asia, excluding Japan.
- The European Growth Fund, with $553-million in assets, focuses on Britain and Europe, offering an equity investment opportunity in the region.
- The Asset Manager Fund, launched in early 2022, invests in money market instruments, bonds, and stocks with assets of $239-million.
Statistics:
- Total assets under management across all 14 funds: $5.6 billion (as of early February)
- Largest fund by assets: Far East Fund with $2.1 billion
- Smallest fund by assets: Emerging Markets Bond Fund, launched recently, with yet to amass significant assets
- Global Bond Fund has assets of $150-million, focusing on international currency exposure
- North America Income Fund has assets of $690-million, offering a fixed-income option for investors
Sources:
- The Globe and Mail (Special Report)