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.