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Fidelity Canadian Growth Company Class Series B (FID254)
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Fidelity Global Innovators Class Series B (FID5973)
Q: Fidelity has two etf's Fidelity Canadian Growth (FCLC) and Fidelity Global Innovator (FINN) etfs actively managed by their two high profile managers. Can I get your thoughts on the two funds and any comments on the asset managers.
thank you
thank you
5i Research Answer:
Both are quite new, debuting just over a year ago, but performance has been very strong. FCLC has a total return of 13.6% since inception with an MER of 1.1%. FINN has a total return of 59.71% since inception and a fee of 1.09%. Despite the higher fee, both ETFs have great performance and we are comfortable with them. We have a high regard for Fidelity as an asset manager. As managers, Fidelity PMs tend to be fairly conservative, but still manage to achieve growth.