TORONTO, Jan. 29, 2025 /CNW/ - Fidelity Investments Canada ULC today announced portfolio management changes for Fidelity Global Intrinsic Value Investment Trust, Fidelity Global Intrinsic Value Fund, Fidelity Global Intrinsic Value Class, Fidelity Global Growth and Value Investment Trust, Fidelity Global Growth and Value Class, and currency neutral versions of these funds, as applicable.
Effective today, portfolio manager Salim Hart will transition off these funds to focus on other responsibilities, including continuing to manage Fidelity Global Micro-Cap Fund for Canadian investors.
Fidelity Global Intrinsic Value Investment Trust, Fidelity Global Intrinsic Value Fund, Fidelity Global Intrinsic Value Class and Fidelity Global Intrinsic Value Currency Neutral Class will continue to be managed by portfolio managers Morgen Peck and Sam Chamovitz. Fidelity Global Growth and Value Investment Trust, Fidelity Global Growth and Value Class and Fidelity Global Growth and Value Currency Neutral Class will continue to be managed by portfolio managers Will Danoff, Morgen Peck and Sam Chamovitz. The investment objectives and strategies of the funds are unchanged.
Portfolio managers Morgen Peck and Sam Chamovitz assumed portfolio management responsibilities for the strategies in 2021. They are experienced managers specializing in small cap equity strategies for U.S. investors. Sam and Morgen both worked closely with Joel Tillinghast for over 15 years prior to his retirement in 2023.
About Fidelity Investments Canada ULC
At Fidelity Investments Canada, our mission is to build a better future for our clients. Our diversified business serves financial advisors, wealth management firms, employers, institutions and individuals. As the marketplace evolves, we are constantly innovating and offering our clients choice of investment and wealth management products, services and technological solutions all backed by the global strength and scale of Fidelity. With assets under management of $289 billion (as at January 23, 2025), Fidelity Investments Canada is privately held and committed to helping our diverse clients meet their goals over the long term. Fidelity funds are available through financial advisors and online trading platforms.
Read a fund's prospectus and consult your financial advisor before investing. Exchange-traded funds are not guaranteed; their values change frequently and past performance may not be repeated. Commissions, management fees, brokerage fees and expenses may all be associated with investments in exchange-traded funds and investors may experience a gain or loss.
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SOURCE Fidelity Investments Canada ULC
For more information, please contact: Chris Pepper, Vice-President, Corporate Affairs, Fidelity Investments Canada ULC, M: (416) 795-7762, E: [email protected]
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