(July 24 – 09:45 ET) – Fidelity Investments Canada Ltd. is launching three new funds, two of which will come in foreign content and RSP-eligible versions, for a total of five new offerings.
The Fidelity Canadian Aggressive Fund will be managed by Maxime Lemieux, focusing on companies and sectors poised for rapid growth. The fund will be invest mainly in listed equities, although it may also buy into private equity opportunities. Lemieux has been a member of Fidelity’s “Team Canada” research group for nearly five years. He has most recently worked Alan Radlo on Fidelity’s Canadian Growth Fund.
The Fidelity American Opportunities Fund, in foreign and RSP-eligible flavours, will be managed by John Muresianu. The fund will adopt an aggressive mandate and may overweight sectors or companies poised for growth. It will make tactical bets to take advantage of short-term opportunities created by volatile markets. A former history professor, Muresianu examines future market trends and historical data to gain a political, social, and economic perspective to his stock picking.
The Fidelity Focus Telecommunications Fund also comes in foreign and RSP-eligible flavours. It will be run by David Bavarez who currently manages a telecommunications sector fund for U.K. investors. He focuses on identifying leading companies in the fastest growing segments of the sector, and looks for trends which spread from one region to another. Bavarez will be supported by three regional co-managers covering the U.S., Japan and Southeast Asia.
-IE staff