Fidelity Canada launches 2 mutual funds

As many Canadian investors continue to struggle with how and where to find income and yield, Fidelity Investments Canada ULC has launched two mutual funds that aim to meet this need, says the company in a release. These new solutions are geared towards Canadians who are seeking income without taking on too much risk.

Fidelity Conservative Income Fund is designed for investors seeking a steady flow of income, says the release, offering exposure to income-oriented asset classes from around the world. The Fund has a mix of 20% equities and 80% fixed-income securities. Depending on the market conditions, the portfolio managers can actively allocate the fund’s neutral mix by up to +10%/-15% for equities and +15%/-10% for fixed-income securities.

Fidelity Strategic Income Fund can provide investors with higher total return potential than an investment-grade bond fund, and can complement their Canadian fixed-income holdings, notes the company.

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