Fidelity beefs up its fund lineup

Toronto-based Fidelity Investments Canada ULC has expanded its product offering with the launch of Fidelity NorthStar Balanced Fund and Fidelity Tactical High Income Fund. Fidelity NorthStar Balanced Fund offers investors the potential for long-term capital growth by investing in a mix of equities securities and fixed-income asset classes from around the world. Fidelity Tactical High Income Fund invests across a broad spectrum of income-producing securities and will provide investors with a core income and capital-appreciation investment solution. In addition, Fidelity has introduced a number of new currency-neutral investment options, including: Fidelity NorthStar Balanced Currency Neutral Fund, Fidelity Tactical High Income Currency Neutral Fund, Fidelity U.S. Focused Stock Currency Neutral Class, Fidelity U.S. All Cap Currency Neutral Class, Fidelity American Equity Currency Neutral Class, Fidelity Small Cap America Currency Neutral Class, Fidelity Floating Rate High Income Currency Neutral Fund and Fidelity U.S. Monthly Income Currency Neutral Fund. For all of these new funds, advisor commissions are 0%-5% for front-end sales, 5% for the deferred (DSC) option, 1% for the low-load option and 2.5% for the low-load option 2. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 for the regular DSC schedule; at 2% in Year 1 and end at zero after Year 3 of the low-load schedule, or at 3% in Year 1 and end at zero after Year 4 for the low-load 2 schedule. Trailing commissions are 1% for front-end and low load sales, and 0.5% for deferred and low-load 2 sales. For information on the management fees for individual funds, visit www.fidelity.com. Minimum investment is $500.

(cohara@investmentexecutive.com).