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Fidelity launches new high-income ETFs and funds

By The IJ Staff | January 23 2020 10:07AM

To help meet investor demand for steady monthly income, Fidelity Investments Canada has launched two new high-income actively managed ETFs and ETF Funds: Fidelity Canadian Monthly High Income ETF, Fidelity Global Monthly High Income ETF, Fidelity Canadian Monthly High Income ETF Fund and Fidelity Global Monthly High Income ETF Fund.

"In just over 14 months since we first launched our ETFs in Canada, Fidelity's ETF lineup now stands at 45 ETFs and ETF Funds with over $1 billion assets under management,” said Kelly Creelman, senior vice president, Products, Fidelity Investments Canada ULC. 

New funds designed for investors looking for steady flow of income

Fidelity's new ETFs are designed for investors who are looking to achieve a steady flow of income with the potential for capital gains. Specific benefits for investors include active management, diversification and the power of reinvesting monthly distributions.

The mandate of Fidelity Canadian Monthly High Income ETF is to achieve a steady flow of income with the potential for capital gains by using an asset allocation approach. It invests primarily in underlying funds that generally invest in a mix of Canadian and foreign equity securities and fixed-income securities, with generally more emphasis on Canadian equity and fixed income securities.

The Fidelity Global Monthly High Income ETF’s mandate is to achieve a steady flow of income with the potential for capital gains by using an asset allocation approach. It invests primarily in underlying funds. These underlying funds generally invest in global equity securities and fixed income securities.

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