Fidelity announces fee reductions on several funds

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
Fidelity Private Pool	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
Fidelity funds	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.

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Portfolio manager change

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