Today on the program we are introduced to a brand-new product - the Fidelity Canadian Long/Short Alternative Fund. Portfolio Manager Reetu Kumra will lead the new fund and she joins Fidelity’s CIO and Portfolio Manager Andrew Marchese on the show today as they both highlight elements of the new portfolio and what it offers. Andrew and Reetu speak to host Pamela Ritchie about the fund’s weighting and, how it uses the full breadth of Fidelity’s research capabilities to choose long and short positions to drive total return potential.The fund’s strategy capitalizes on research depth and breadth, independent of the market or economic cycle. The fund also maintains equal weight on long and short sides, following a 130/30 strategy with 100 percent net exposure. Andrew and Reetu add the fund is an “all ideas” portfolio reflecting the research team’s viewpoints across the coverage universe.

Recorded on February 6, 2024.

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