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Fidelity expands high net-worth Private Investment Programme


Fidelity Investments Canada ULC has expanded its Fidelity Private Investment Programme line-up, with the launch of Fidelity Global Asset Allocation Private Pool, managed by portfolio managers Geoff Stein and David Wolf.

Fidelity Global Asset Allocation Private Pool is a global balanced portfolio strategy designed for risk-conscious investors seeking long-term capital growth. With the support of Fidelity’s fully integrated global research network and expertise, it will invest the majority of its assets outside of Canada, taking advantage of market trends and a bigger opportunity set from around the world.  
This strategy will have a neutral 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 portfolio managers Geoff Stein and David Wolf the flexibility they need to employ active asset allocation to take advantage of market opportunities and to mitigate risk.
Fidelity Global Asset Allocation Private Pool will also be available in a currency neutral version.
“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,” says 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.”
Fidelity Private Investment Program offers disciplined investment approaches for high-net worth investors. With the addition of Fidelity Global Asset Allocation Private Pool, there are currently 16 pools that cover a wide range of mandates that meet the diverse needs of high net-worth investors in Canada.

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