Fidelity Investments Canada ULC Expands Its Private Investment Program

Robbie Lawther

2 November 2017

Investment manager Fidelity Investments Canada ULC has expanded its Fidelity private investment program range with the launch of Fidelity Global Asset Allocation Private Pool.

The pool will be managed by portfolio managers Geoff Stein and David Wolf, the firm said in a statement.

Fidelity Global Asset Allocation Private Pool is a global portfolio strategy designed for risk-conscious investors seeking long-term capital growth. With the support of Fidelity's global research network, it will invest the majority of its assets outside of Canada, taking advantage of market trends and a bigger opportunity set from around the world.

This strategy will have a neutral mix of 50 per cent equities, and 50 per cent fixed-income and money market securities, with tactical bands ranging from 20-70 per cent for equities and 30-80 per cent fixed income and money market securities.

Fidelity Global Asset Allocation Private Pool will also be available in a currency neutral version.

"In today's rapidly changing global economy, high net worth investors in Canada are looking for trusted wealth management that can seek to take advantage of opportunities from anywhere in the world," said Kelly Creelman, vice president, product solutions, Fidelity Investments Canada. "We believe the addition of Fidelity Global Asset Allocation Private Pool will meet this evolving need and expand choice in our high net worth program for investors seeking to achieve their long-term goals."

With the addition of Fidelity Global Asset Allocation Private Pool, there are currently 16 pools that cover a wide range of mandates that look to meet the diverse needs of high net worth investors in Canada.