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Financings

Fidelity Investments Canada expands investment lineup with global small-mid cap strategy and its first multi-strategy liquid alternative fund

By The Northwire Desk — AI Analysis Oct 15, 2025 · 07:33 FGSM · None None
FGSM · Price

Executive Summary

  • Fidelity Investments Canada launched two new investment solutions – the Fidelity Global Small‑Mid Cap Equity Fund & ETF series (FGSM) and the Fidelity Multi‑Alt Equity Fund & ETF series (FMAE), its first multi‑strategy liquid alternative fund.
  • Three existing managed portfolios received new ETF series (FMPI, FMPB, FMPG), expanding the firm’s ETF lineup to 52 strategies with $21.8 bn AUM on the TSX.
  • The announcements highlight a strategic push into global small‑mid cap equity exposure and liquid alternatives, providing advisors and investors additional diversification tools.

Key Details

  • New Funds Launched
  • Fidelity Global Small‑Mid Cap Equity Fund & ETF (FGSM) – targets long‑term capital growth via equities of medium, small and micro‑cap companies worldwide; combines fundamental research with quantitative methods.

  • Fidelity Multi‑Alt Equity Fund & ETF (FMAE) – seeks long‑term appreciation while reducing portfolio volatility and correlation to major equity markets; offers a consolidated liquid‑alternative solution.

  • ETF Series Added to Existing Managed Portfolios

  • Fidelity Global Income Portfolio – ETF Series (FMPI) – 60 % fixed income/money market, 40 % equities.
  • Fidelity Global Balanced Portfolio – ETF Series (FMPB) – 60 % equities, 40 % fixed income/money market.

  • Fidelity Global Growth Portfolio – ETF Series (FMPG) – 85 % equities, 15 % fixed income/money market.

  • All new ETF series listed on the Toronto Stock Exchange as of the announcement date.

  • Assets Under Management

  • Fidelity’s overall ETF lineup now comprises 52 strategies with $21.8 bn AUM (as of Sep‑30‑2025).

  • The broader Fidelity Managed Portfolios hold $59 bn in assets (as of Sep‑30‑2025).

  • Strategic Rationale

  • Addresses growing investor demand for diversification across small‑mid cap equities and alternative strategies.

  • Provides advisors with ETF versions of existing mutual fund portfolios, enhancing flexibility and access.

  • Executive Commentary

  • Kelly Creelman, SVP Products & Marketing, emphasized the goal to “deliver effective and successful strategies that empower investors and advisors.”

Notable Quotes

“These new products and ETF series options can open doors to global small‑mid cap opportunities, alternative investing and ETF versions of Fidelity mutual funds.” – Kelly Creelman, Senior Vice President, Products and Marketing, Fidelity.

Read the original news release →