Fidelity Investments Canada has announced the expansion of its Private Investment Program, adding two tactical asset allocation private pools and U.S. dollar options to the program, which is aimed at wealthy investors.

Fidelity Asset Allocation Private Pool and Fidelity Asset Allocation Currency Neutral Private Pool are broadly diversified core offerings that seek to achieve high total investment returns. Each pool will have a neutral mix of 50% equity, 50% fixed income, with tactical bands extending from 20% to 70% for both asset classes and from 0 to 40% for money market securities.

Both pools are managed by Geoff Stein, using the company’s extensive global macro research in making tactical asset allocation decisions.

“These new pools draw on Fidelity’s more than 40 years’ experience in institutional investing and leverage Fidelity’s fully integrated global research network and expertise in a wide range of sophisticated investment mandates,” said Kelly Creelman, vice-president, product development, Fidelity Investments Canada. “With the addition of these new pools, investors can now choose from 20 different investment solutions covering all major asset classes.”

Fidelity Asset Allocation Private Pool will also be available in a U.S. dollar option, and the a U.S. dollar option will also be available for the Fidelity Balanced Private Pool and Fidelity Balanced Income Private Pool.

“High net-worth investors are seeking comprehensive wealth management from a trusted money manager such as Fidelity,” said Creelman. “The new pools being added to the Fidelity Private Investment Program give investors more choice and flexibility for their investments.”

Wealthy investors continue to be a rapidly growing segment of the Canadian population, controlling an estimated 75% of Canada’s financial wealth. That’s expected to rise to 79% by 2018 to total $3.4 trillion in assets.

Fidelity also announced that it will offer its tax-efficient systematic withdrawal (T-SWP) option on the Fidelity Dividend Plus Fund and Fidelity Income Allocation Fund, effective December 22, 2011.