The initial offerings are:
· Fidelity Select International Equity mandate, which combines active stock selection with quantitative risk control in all major equity markets
· Fidelity International Growth mandate, which also employs an active, bottom-up approach to construct sub-portfolios that are then subject to an asset allocation model.
Initially, the services will be available in Ontario, British Columbia, Alberta, Nova Scotia and, subject to regulatory approval, in the other Canadian provinces and territories.
Fidelity Retirement Services administers nearly $2 billion in defined contribution and defined benefit assets on behalf of Canadian clients.