The new fund provides exposure to a liquid alternative mutual fund
Fidelity Investments Canada has launched a new fund to respond to demand for access to distinct but complementary investment styles.
The Fidelity Global Equity+ Fund also offers exposure to a liquid alternative mutual fund and holds a medium risk rating.
The fund offers investors diversification and potential for above-market returns over the long-term with underlying funds managed by an experienced team of portfolio managers with long-term historical track records.
"As we continue to expand our product shelf, we're meeting investor demand for a fund that offers access to experienced portfolio managers with complementary investment styles," said Kelly Creelman, Senior Vice President, Products and Marketing, Fidelity. "Fidelity Global Equity+ Fund combines the investing acumen of Mark Schmehl, Dan Dupont and Hugo Lavallée in a single fund that integrates their distinct investment styles to help weather a variety of market conditions."
The underlying funds are:
- Fidelity Global Innovators Investment Trust – A flexible investment strategy focused on innovative and disruptive companies in today's rapidly changing world. Managed by Mark Schmehl.
- Fidelity Greater Canada Fund – A contrarian investment strategy that aims to identify out-of-favour stocks to achieve long-term capital growth primarily investing in Canadian equities. Managed by Hugo Lavallée.
- Fidelity Canadian Large Cap Multi-Asset Base Fund – A Canadian equity strategy that aims to invest in large-cap companies with a focus on mitigating volatility. Managed by Dan Dupont.
- Fidelity Global Value Long/Short Fund – A fundamental value-oriented alternatives strategy that uses both long and short exposures. The Fund may exhibit a low correlation to equity market returns. Managed by Dan Dupont.
