David Wolf has joined the Fidelity Canadian Asset Allocation portfolio management team.
He will be a portfolio manager alongside Geoff Stein and Derek Young in managing the Fidelity Canadian Asset Allocation Fund, Fidelity Monthly Income Fund, Fidelity Monthly Income Class, Fidelity Dividend Fund and Fidelity Income Allocation Fund.
Before joining Fidelity Investments in September 2013, Wolf was a former policy advisor to the governor of the Bank of Canada. Prior to his work for the Bank of Canada, he served as the head of Canadian economics and chief strategist for Merrill Lynch Canada from 2005 to 2009. Previously, he served as the chief interest rate strategist and senior economist for RBC Capital Markets, where he worked from 1997 to 2005.
Stein will continue as lead portfolio manager on the funds while Young will continue in his role as a portfolio manager alongside Stein and Wolf until the end of March.
Young will continue as president of Fidelity’s global asset allocation division, which manages close to $500 billion worldwide, including more than $40 billion of Fidelity’s Canada’s asset allocation strategies.
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