Fidelity announces fee reductions for several fixed-income fundsBy The IJ Staff | June 15 2017 01:30PM
Fidelity Investments Canada announced June 15 that it is lowering management fees on six of its fixed-income solutions.
Effective July 1, 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.
"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."