Fidelity launches U.S. All Cap Fund

Fidelity Investments Canada ULC today launched Fidelity U.S. All Cap Fund, a new mutual fund for Canadian investors seeking U.S. investment exposure.

The fund, whose introduction is reflective of an increasingly positive outlook for the U.S. economy and its equity markets, is also available in a corporate class version.

“The U.S. market can offer Canadian investors great diversification benefits, particularly when you consider how much exposure the Canadian equity market has to economically sensitive cyclical sectors such as materials and energy,” says Rob Strickland, president, Fidelity Investments Canada ULC. “While Canada continues to be a great market to invest in, investors should consider the opportunities that the world’s largest equity market can offer.”

The fund, managed by John Roth, will target investment opportunities across all market capitalization ranges and investment styles to find the best opportunities for investors.

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Canada should pursue global markets: Scotiabank

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.