Toronto-based Fidelity Investments Canada ULC announced Wednesday it has added two fixed-income funds to its lineup.
Jeff Moore and Michael Plage, both longtime portfolio managers at Fidelity, have been tapped to oversee management of Fidelity Multi-Sector Bond Fund.
Moore and Plage will focus on investing “across multiple fixed-income sectors, including government bonds, corporate bonds, high-yield bonds and floating-rate debt securities,” according to the firm’s news release.
“As the markets show us each day, there’s nothing fixed about today’s fixed-income markets,” says Rob Strickland, president of Fidelity, in a statement. “[The fund] will draw on experienced portfolio managers and over 800 investment professionals around the world to help better navigate today’s changing fixed-income markets.”
As part of its underlying strategy, for example, the multi-sector fund will invest mainly in a mix of U.S. issuers and other issuers across the globe.
Meanwhile, Fidelity Multi-Sector Bond Currency Mutual Fund will seek to mitigate exposure to currency fluctuations.
Photo copyright: nonwarit/123RF