Fidelity Investments Canada Launches 4 New Actively Managed ETFs, Now Trading on Cboe Canada
Toronto | May 25th, 2023 – Cboe is excited to announce that Fidelity Investments Canada ULC (“Fidelity”) has returned to Cboe Canada with the launch of the Fidelity Active ETFs. The launch includes one new ETF and three ETF series of existing mutual funds, available for trading today under the symbols FINN, FCGC, FCLC, and FCGS, respectively.
“Fidelity is excited to expand our offering in the ETF space, to support advisors and investors looking for products that combine the flexibility of an ETF structure with the strong long-term performance potential of active management,” said Kelly Creelman, Senior Vice President, Products and Marketing, Fidelity. “We’re proud to partner with Cboe Canada, a leader in the ETF market, in our shared efforts to expand access to innovative investment products for Canadians.”
The Fidelity Active ETF/ETF series now trading on Cboe Canada include:
Fidelity Global Innovators® ETF (FINN) – seeks to identify and invest in companies across the globe that are positioned for growth through the application of innovative and disruptive technologies, or inventive new business models. It invests in equity securities directly, or indirectly by investing in Fidelity Global Innovators® Investment Trust.
Fidelity Greater Canada Fund (FCGC) – seeks to offer investors long term capital growth by identifying value in out of favour stocks, and investing in equity securities of Canadian companies, with the flexibility to invest up to 49% in foreign markets.
Fidelity Canadian Large Cap Fund (FCLC) – focusing primarily on equity securities of large capitalization Canadian companies, this fund aims to deliver investors long term capital appreciation through a value-oriented strategy, investing in companies the manager considers to be undervalued, with a focus on weathering market volatility.
Fidelity Global Small Cap Opportunities Fund (FCGS) – Through investment in small capitalization companies across global markets, this fund intends to provide investors with long term capital growth through selection of equity securities that the portfolio manager believes are mispriced due to the market’s under reaction to positive change or over reaction to negative change.
The four new funds join six Fidelity ETFs already listed on Cboe Canada. Investors can trade units of Fidelity ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete view of all Cboe-listed securities.
“It is always an exciting occasion to welcome an issuer back for additional ETF launches,” noted Jos Schmitt, President & CEO of Cboe Canada. “Today, Fidelity now has 10 ETFs listed on Cboe Canada. It is a testament to our exceptional service, and Fidelity’s return also aligns with Cboe’s commitment to supporting innovative asset managers and investment solutions. We are proud to have partnered with such a reputable fund issuer for years now and look forward to championing Fidelity’s continued innovation over the years to come.”
Cboe Canada is home to over 250 unique listings, including ETFs from Canada’s largest ETF issuers, Canadian Depositary ReceiptsTM(CDRs), and some of the most innovative Canadian and international growth companies. Cboe Canada consistently facilitates close to 20% of all volume traded in Canadian ETFs and close to 15% of all volume traded in Canadian-listed companies.
About Cboe Canada
Cboe Canada, the new business name of the NEO Exchange, is Canada’s Tier 1 stock exchange for the purpose-driven Innovation Economy, providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future. Cboe Canada is an affiliate of Cboe MatchNow.
Cboe powers ETF Market Canada, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data allows users to compare, contrast, and explore the entire universe of 1,200+ Canadian ETFs, free of charge.
About Fidelity Investments Canada ULC
Fidelity’s mission is to build a better future for Canadian investors and help them stay ahead. The company offers investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals.
As a privately-owned company, Fidelity’s people and world class resources are committed to doing what is right for investors and their long-term success. Fidelity’s clients have entrusted them with $202 billion in assets under management (as at May 12, 2023) and they include individuals, financial advisors, pension plans, endowments, foundations and more.
Fidelity is proud to provide investors a full range of domestic, international and global equity and income-oriented mutual funds, ETFs, asset allocation strategies, managed portfolios, sustainable investing products, alternative mutual funds and a high net worth program. Fidelity Funds are available through a number of advice-based distribution channels including financial planners, investment dealers, banks and insurance companies.