Toronto-based Fidelity Investments Canada ULC has launched an equity fund focusing on opportunities in the Canadian and U.S. markets. Fidelity CanAm Opportunities Class, an all-cap equity portfolio, is co-managed by Mark Schmehl and Steve MacMillan. The fund will combine the portfolio managers’ investment approaches: Schmehl’s approach involves capturing growth opportunities in mid- and large-cap stocks; MacMillan focuses on downside protection and capitalizing on long-term opportunities in small- and mid-cap stocks. For Series A, advisor commissions are 4.9% for deferred sales; 1.0% for the low-load option; and 2.5% for low-load option 2. Redemption fees begin at 6.0% in Year 1 and end at zero after Year 6 for the regular DSC schedule; begin at 2.0% in Year 1 and end at zero after Year 2 of the low-load schedule; and begin at 3.0% in Year 1 and end at zero after Year 3 of the low-load 2 schedule. Trailing commissions are up to 0.5% for deferred sales; up to 1% for low-load sales; and up to 0.5% for low-load 2 sales. The annual management fee for Series A is 2%. Minimum investment is $500. For more details, visit fidelity.ca.