Career_Change_1

Fidelity Investments Canada has announced management fee reductions on several private investment program pools and funds.

Effective Dec. 1, 2017, the management fees will be reduced as follows:

Fidelity Private Pool

New management fee

Previous management fee

Series B, S5 and S8

Series I, I5 and I8

Series F, F5 and F8

Series B, S5 and S8

Series I, I5 and I8

Series F, F5 and F8

Fidelity Asset Allocation Private Pool

170

170

70

175

175

75

Fidelity Asset Allocation Currency Neutral Private Pool

170

170

70

175

175

75

Fidelity U.S. Growth and Income Private Pool

170

170

70

175

175

75

 

Fidelity funds

New management fee

Previous management fee

Series A

Series B

Series A

Series B

Fidelity American High Yield
Fund

160

135

175

160

Fidelity American High Yield
Currency Neutral Fund

160

135

175

160

 

There are also management fee reductions on certain series under Fidelity Preferred Program for 51 other funds.

Portfolio manager change

The firm also announced that, effective Dec. 1, 2017, portfolio manager Patrice Quirion will replace César Hernández as portfolio manager of Fidelity Global Equity Investment Trust and Fidelity International Equity Investment Trust, the underlying funds to Fidelity Global Equity Private Pool and Fidelity International Equity Private Pool.

Patrice brings 12 years of experience to his new mandates and is the existing portfolio manager of two additional Fidelity Funds.

Originally published on Advisor.ca
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