Addition of the Fidelity Canadian Equity Institutional Fund to the Core investment platform
Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Sun Life Assurance Company of Canada purchases units of the fund listed below, which is established as a segregated fund in accordance with the Insurance Companies Act (Canada).
We’re pleased to announce the addition of the Fidelity Canadian Equity Institutional Segregated Fund (the Fund) to the Core investment platform as of June 1, 2025.
The Fund seeks long-term capital growth by investing in a diversified portfolio of Canadian equities based on fundamental research inputs using bottom-up stock selection. The Fund Manager uses a Growth at a Reasonable Price (GARP) investment approach, combined with bottom-up fundamental research, in constructing a large cap oriented, diversified, high-quality portfolio. The benchmark of the Fund is the S&P/TSX Capped Composite.
Maxime Lemieux is the Lead Portfolio Manager and is fully accountable for all aspects of the strategy. Mr. Lemieux has been at Fidelity since 1996 and has been managing the strategy since its launch in April 2019. Analysts work closely with Mr. Lemieux to influence portfolio decisions.
Sector constraints |
+/- 15% of benchmark |
Security constraints |
+/- 5% of benchmark |
Cash maximum allowed by investment policy |
Typically less than 5% |
Approximate number of holdings |
50-100 |
Performance since inception of the fund (April 4, 2019) to March 31, 2025 (annualized) |
12.1% vs. 10.7% for the benchmark |
Standard deviation (risk measure) since inception (April 4, 2019) to March 31, 2025 |
14.4% vs. 16.6% for the benchmark |
About Fidelity Investments Canada
Fidelity Investments Canada ULC was established in 1987 and is part of Fidelity Management and Research (FMR), one of the world’s largest privately owned financial services companies. FMR, which was founded in 1946 and is based in Boston, Massachusetts, manages over $3 trillion in assets. Fidelity is well known for its actively managed equity and fixed income solutions but also manages alternative and multi-asset solutions for its institutional and retail clients.
Fidelity has a large worldwide network of research offices and analysts. Its investment strategies rely on analysts conducting on-the-ground proprietary research. Fidelity focuses on four major principles: individual security selection, extensive fundamental research, manager-driven decision-making, and an adherence to proven investment discipline.
Do you have to take any action?
You don’t need to take any action. You may consider whether the new fund would be a suitable addition to your lineup.
Questions?
Please contact your Sun Life Group Retirement Services representative (In Quebec, registered as a Group annuity plans advisor).