Toronto-based Fidelity Investments Canada ULC has launched a new global growth mutual fund. Fidelity Global Growth and Value Class is a core diversified equity strategy fund with the goal of providing investors with long-term capital growth by investing in equities from around the world. The fund is managed by Fidelity portfolio managers Will Danoff, Joel Tillinghast and Salim Hart. Advisor commissions are 4.9% for the DSC option; 1% for the low-load option; and 2.5% for the low-load 2 option. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 of the regular DSC schedule; begin at 2% in Year 1 and end at zero after Year 2 of the low-load schedule; and begin at 3% in Year 1 and end at zero after Year 3 of the low-load 2 schedule. Trailing commissions are 0.5% for the deferred sales; 1% for the low-load sales; and 0.5% for the low-load 2 sales. Management fees are 2% for A-class units and 0.85% for F-class units. Minimum investment is $500.
(fcollie@investmentexecutive.com).