Fidelity launches equity fund

Toronto-based Fidelity Investments Canada ULC announced Wednesday that it 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.

Schmel’s approach involves “capturing above-average growth opportunities in mid- and large-cap stocks,” said Fidelity in a news release. Meanwhile, MacMillan focuses on downside protection and “capitalizing on long-term opportunities in small- and mid-cap stocks.”

A currency neutral version of the fund is also available.

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