Fidelity Investments Canada ULC has announced the launch of two new corporate class products: Fidelity Monthly Income Class and Fidelity Canadian Large Cap Class.
“Increasingly, Canadians are looking for investment strategies that can help grow their portfolios, reduce their current tax bill and provide tax-efficient income,” said Darren Farkas, Vice President, Head of Product, Fidelity Investment Canada ULC. “These goals become even more important as Canadians head into retirement and start to withdraw from their savings.”
The Fidelity Monthly Income Class offers investors a similar investment strategy as the Fidelity Monthly Income Fund, aiming to provide a balance of income and growth primarily through investments in higher yielding equity and fixed income securities.
The Fidelity Canadian Large Cap Class has a similar investment strategy as the Fidelity Canadian Large Cap Fund, with the goal of deliver long-term growth through exposure to Canadian and international large- and mid-capitalization companies.
Fidelity now offers 80 funds and pools under its Capital Structure Corp.