Fidelity launches new private pool for high net worth investorsBy The IJ Staff | November 02 2017 11:30AM
Fidelity Investments Canada announced on Nov. 1 the launch of Fidelity Global Asset Allocation Private Pool, which will be managed by portfolio managers Geoff Stein and David Wolf.
The pool will invest the majority of its assets outside Canada. It will have a mix of 50 per cent equities and 50 per cent fixed-income and money market securities, with tactical bands ranging from 20-70 per cent for equities and 30-80 per cent fixed-income and money market securities. This will provide the portfolio managers with the flexibility they need to employ active asset allocation to take advantage of market opportunities and to mitigate risk, says Fidelity. The pool will also be available in a currency neutral version.
High net worth program
"In today's rapidly changing global economy, high net-worth investors in Canada are looking for trusted wealth management that can seek to take advantage of opportunities from anywhere in the world," said Kelly Creelman, vice president, Product Solutions, Fidelity Investments Canada. "We believe the addition of Fidelity Global Asset Allocation Private Pool will meet this evolving need and expand choice in our high net worth program for investors seeking to achieve their long-term goals."
With the addition of Fidelity Global Asset Allocation Private Pool, Fidelity Investments currently offers 16 pools for high net worth investors.