Fidelity Canada Fund (FICDX)
Fidelity Canada Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $89.42, up 0.01% on the session, giving a market capitalisation of $1.16B. On trailing twelve-month figures it carries a trailing P/E of 105.20, a net margin of 5.1%. Its beta of 0.67 implies it has historically moved less than the broad market.
This fund is designed to primarily invest a minimum of 80% of its capital in Canadian-domiciled entities or assets with strong economic ties to Canada, while also having the flexibility to acquire securities from U.S. issuers. A significant portion of its holdings typically comprises common equities. To maintain a degree of diversification, the fund limits its exposure to any single industry sector to a maximum of 35% of its total assets, even if that sector accounts for over 20% of the Canadian market. Investment selections are made through thorough fundamental analysis, scrutinizing factors such as an issuer's financial health, its standing within its industry, and the broader economic and market climate.
Fidelity Canada Fund is most often compared with the following Financial Services names: