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Fidelity Investments Canada ULC Announces Management Fee Reductions
Fidelity Investments Canada ULC today announced management fee reductions on six of its fixed-income solutions.
Fidelity Canada’s suite of fixed-income solutions, including its new Multi–Sector Bond Fund managed by Jeff Moore and Michael Plage, are garnering strong support from Canadian investors amid constantly changing markets, and as investors are expected to live longer and require more income. This announcement makes Fidelity Canada’s fixed-income funds even more compelling for Canadian investors seeking income.
“As investors increasingly turn towards fixed-income solutions to help provide stability to their portfolios and fund their retirement, we are focused on seeking to maximize income for our clients,” said Kelly Creelman, Vice President, Retail Products and Solutions, at Fidelity Canada. “These management fee reductions – on top of Fidelity Canada’s already competitive fees – will allow both new and existing fund holders to keep more money in their pockets to help meet their retirement needs.”
Effective July 1, 2017, the management fees will be reduced by 5 bps across all existing series of Fidelity Corporate Bond Fund, Fidelity Corporate Bond Class, Fidelity Global Bond Fund, Fidelity Global Bond Currency Neutral Fund, Fidelity Strategic Income Fund and Fidelity Strategic Income Currency Neutral Fund.
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