Toronto-based Fidelity Investments Canada ULC has launched Fidelity Event Driven Opportunities Fund and Fidelity Conservative Income Private Pool. Fidelity Event Driven Opportunities Fund aims to achieve long-term capital growth by investing primarily in equities of companies that are involved in corporate events. Arvind Navaratnam, portfolio manager in Boston with Fidelity’s asset-management division, will manage this fund. Fidelity Conservative Income Private Pool invests in a broad range of income-oriented asset classes and provides global exposure through investments in fixed-income and equities from around the world. This fund will be co-managed by Joanna Bewick and David Wolf, portfolio managers with Fidelity. Advisor commissions are 0%-5% for front-end sales for both funds; and 5% for deferred sales, 1% for low-load sales and 2.5% for the low-load 2 option for Fidelity Event Driven Opportunities Fund. Redemption fees for Fidelity Event Driven Opportunities Fund are 6% in Year 1 and end at zero after Year 6 for the regular DSC schedule; 2% in Year 1 and end at zero after Year 3 of the low-load schedule; or 3% in Year 1 and end at zero after Year 4 of the low-load 2 schedule. For individual trailing commissions, please see www.fidelity.com. Management fees are 2% for A-class units and 0.85% for F-class units for Fidelity Event Driven Opportunities Fund; and 0.75% for B-class units for Fidelity Conservative Private Pool. Minimum investment is $500 for Fidelity Event Driven Opportunities Fund and $150,000 for Fidelity Conservative Private Pool.
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