Toronto-based Fidelity Investments Canada ULC has launched Fidelity Insights Class, which will be managed by Will Danoff, a prominent portfolio manager who has long been affiliated with the asset-manager’s U.S. parent firm, FMR LLC.
Danoff, who has been employed by FMR since 1986, manages several mandates for U.S. investors, including Fidelity Contrafund, which is the largest actively managed equity mutual fund in the U.S directed by one person, according to the announcement.
Fidelity Insights aims to achieve long-term capital appreciation by investing primarily in equities of companies anywhere in the world, across the market capitalization spectrum, with an emphasis on U.S. equities.
“In managing the fund, [Danoff] will seek to identify ‘best-of-breed’ companies that he believes will offer sustained, above-average earnings growth,” the announcement states. “He will do this through in-depth, bottom-up fundamental analysis, working in concert with Fidelity’s global research team.”
Investors can also purchase a currency neutral version of the fund, Fidelity Insights Currency Neutral Class.
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