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About FIDELITY ABSOLUTE INCOME FUND UNITS ETF SERIES USD
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Inception date
Jan 28, 2025
Structure
Canadian Mutual Fund Trust (ON)
Primary advisor
Fidelity Investments Canada ULC
The fund is actively managed to provide high-yield income and capital gains by investing in a portfolio of fixed income securities. The fund aims to achieve this by using a multi-layered approach which seeks to minimize volatility, drawdowns and credit risk. This fund implements proprietary risk models and quantitative techniques to target a risk profile while a systematic approach is used for security selection and sector allocation. The fund uses derivatives to attempt to achieve a desired risk exposure and/or minimize the exposure to currency fluctuations between developed market foreign currencies (such as the USD) and the CAD.
Classification
Displays a symbol's price movements over previous years to identify recurring trends.