Fidelity Investments Canada ULC has launch new U.S. mutual funds aimed at Canadian investors seeking increased income opportunities and diversification.
The new options include Fidelity U.S. Monthly Income Fund, Fidelity U.S. Dividend Fund (including a currency neutral version), as well a capital yield version of the Fidelity U.S. Monthly Income Fund.
U.S. Dividend Fund
This fund is designed as a core holding that provides Canadian investors the potential for capital appreciation and income. The asset class and the U.S. dollar exposure that the fund provides offer
U.S. Monthly Income Fund
This fund is geared toward income-seeking investors that don’t want full equity exposure. This new fund is another option for investors looking for regular income and the potential for capital appreciation.
Tactical Fixed Income Capital Yield Fund, U.S. Monthly Income Capital
The capital yield versions of these funds seek to provide a return similar to the original fund but with less transaction and hedging costs, while generating tax-preferred capital gains, thereby aiming to enhance the investor’s after-tax returns.