Home Breadcrumb caret Industry News Breadcrumb caret Industry Fidelity Investments releases four new funds Three of the funds are Fidelity’s first foray into liquid alternatives By Staff | October 20, 2020 | Last updated on October 20, 2020 1 min read 123RF Toronto-based Fidelity Investments Canada ULC has launched four funds, including three liquid alternatives funds. The three liquid alts — Fidelity Canada’s first foray into liquid alternatives — are the Fidelity Global Value Long/Short Fund, the Fidelity Market Neutral Alternative Fund and the Fidelity Long/Short Alternative Fund. The global value fund invests in equity securities around the world and uses short-selling and derivatives strategies, while both of the other funds focus on North American equities and use similar strategies. Each fund seeks to provide long-term capital appreciation. Fidelity Investments said in a release that the alternative fund suite is “designed for investors who are looking to widen the scope of their investment universe beyond ‘long-only’ investing.” In a separate release, the firm announced the launch of the Fidelity Long-Term Leaders Fund, a global equity strategy that seeks long-term capital growth and invests in companies around the globe “that are believed to be leaders in their respective industries and have above-average long-term growth potential.” That fund’s eight-person management team works alongside analysts to identify companies that have sustainable competitive advantages, strong management and other attractive characteristics such as strong growth and consolidation or M&A activity. A currency-neutral version of the long-term leaders fund is also available. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo