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 |
||||
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 |
||
Series A |
Series B |
Series A |
Series B |
|
Fidelity American High Yield |
160 |
135 |
175 |
160 |
Fidelity American High Yield |
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.