Fidelity Investments Canada has launched new U.S. mutual funds aimed at Canadian investors seeking income opportunities within the U.S. market. The new funds include the Fidelity U.S. Monthly Income Fund, Fidelity U.S. Dividend Fund (including a currency neutral version), as well a capital yield version of the Fidelity U.S. Monthly Income Fund.
The Fidelity U.S. Dividend Fund is managed by James (Jim) Morrow who runs a similar fund for U.S. investors. Managing Fidelity U.S. Monthly Income Fund are Geoff Stein and Mariana Egan. Stein and Egan are also the portfolio managers of the Fidelity Global Monthly Income Fund.
"Today, macro-economic issues like the current low-interest environment and ongoing global economic uncertainties are top of mind for many investors. These uncertainties can make it hard for anyone to focus on the long-term investments," stated Craig Strachan, Vice President, Head of Product, Fidelity Investments Canada.
"However, if investors look past these uncertainties we believe that there are positives in the markets including the health of corporate America."
Fidelity Investments Canada is part of the Fidelity Investments. Fidelity manages a total of $68 billion in mutual fund and institutional assets in the Canadian marketplace.