Fidelity Canada is launching 10 new funds, including currency neutral investment options.

Fidelity Canada has $90 billion in assets under management as at April 30, a 22.9% increase over April 2013.

Fidelity NorthStar Balanced Fund

This fund invests in a mix of equity securities and fixed income asset classes from around the world.

It marries a bottom-up, fundamental equity investing approach with a dynamic multi-sector approach to fixed-income investing.  The fixed income portfolio managers have the flexibility to invest in non-investment-grade sectors, such as high-yield bonds, emerging market debt and floating rate debt.

Read: Fidelity launches cheap suite of sector ETFs

Fidelity Tactical High Income Fund

The fund invests across a broad spectrum of income-producing securities which may be located anywhere in the world, including equity securities, convertible securities, floating rate debt instruments, emerging market debt securities, high yield securities and asset-backed and mortgage-backed securities.  The managers can also invest in corporate and governments bonds.

Read: Why to be bullish on financials

New currency neutral funds

  • Fidelity NorthStar Balanced Currency Neutral Fund
  • Fidelity Tactical High Income Currency Neutral Fund
  • Fidelity U.S. Focused Stock Currency Neutral Class
  • Fidelity U.S. All Cap Currency Neutral Class
  • Fidelity American Equity Currency Neutral Class
  • Fidelity Small Cap America Currency Neutral Class
  • Fidelity Floating Rate High Income Currency Neutral Fund
  • Fidelity U.S. Monthly Income Currency Neutral Fund

Read: Past Bank of Canada advisor joins Fidelity’s Canadian PM team

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