Fidelity Investments Canada makes risk rating changes to five mutual funds and name changes

TORONTO, Oct. 18, 2017 /CNW/ - Fidelity Investments Canada ULC (Fidelity Investments Canada), one of Canada's top investment management firms, today announced that:

Risk Rating Changes

Effective on or about October 27, 2017, Fidelity Investments Canada will change the risk ratings on five Fidelity mutual funds as follows:

Fidelity Fund	Current Risk Rating	New Risk Rating
Risk Rating Decreases
Fidelity ClearPath^® 2005 Portfolio	Low to Medium	Low
Fidelity Global Bond Currency Neutral Fund	Low to Medium	Low
Fidelity International Concentrated Equity Fund	Medium to High	Medium
Risk Rating Increases
Fidelity American Disciplined Equity^®Currency Neutral Class	Medium	Medium to High
Fidelity American Disciplined Equity^®Currency Neutral Fund	Medium	Medium to High

The changes are based on the new methodology mandated by the Canadian Securities Administrators and an annual review by Fidelity to determine the risk level of publicly-offered mutual funds.

Name Changes

Effective on or about October 27, 2017, Fidelity Investments Canada will change the names of the following Fidelity mutual funds:

Current name	New Name
Fidelity Global Technology Class	Fidelity Technology Innovators Class
Fidelity Global Technology Fund	Fidelity Technology Innovators Fund

The investment objectives and strategies will remain unchanged.

Fidelity Investments Canada

Fidelity Investments Canada ULC is part of the broader group of companies collectively known as "Fidelity Investments", one of the world's largest providers of financial services. Fidelity Investments Canada ULC manages a total of $132 billion in mutual fund and institutional assets. This includes $22 billion in assets for institutional clients including public and corporate defined benefit pension plans, endowments, foundations and other corporate assets on behalf of clients across Canada as at September 30, 2017.

Fidelity Investments Canada ULC provides Canadian investors a full range of domestic, international and income oriented mutual funds, as well as asset allocation and managed solutions and the high net worth program, the Fidelity Private Investment Program. Fidelity Funds are available through a number of advice-based distribution channels including financial planners, investment dealers, banks, and insurance companies. 

SOURCE Fidelity Investments Canada ULC

Chris Pepper, Vice-President, Corporate Affairs, Fidelity Investments Canada ULC, T: [phone], M: [phone], E: [email protected]