The Pyramis Fixed Income team utilizes a bottom up, fundamental investment approach focused on research and risk management. This process is complemented by a team-based structure to ensure continuity across our portfolios.
In addition to leveraging Fidelity's global research platform, our Fixed Income team employs:
Managing risk is a critical component of our process. Our investment-grade portfolios:
Are constructed to seek to be highly diversified
Are managed duration neutral to their benchmarks
Leverage our proprietary quantitative risk modeling
Are supported by our dedicated counterparty team
We invest significant resources to seek to ensure that the tools our team uses to build and manage client portfolios are second to none. Whether it involves the development of proprietary models or researching third party software, we are continuously looking for opportunities to improve our portfolio management efficiency and effectiveness through innovation.
Pyramis Fixed Income encompasses a wide range of Investment Grade and Non-Investment Grade products. Our depth and breadth of resources and team-driven approach help to generate competitive and consistent returns, while adhering to our disciplined philosophy of research and risk management.
Canadian
The Canadian Money Market Fund aims to achieve a high level of current income while seeking to protect capital and to maintain liquidity. The Fund invests in Canadian dollar-denominated money market instruments with maturities of one year or less, and seeks to maintain a constant unit price of $10.00.
The Canadian Bond portfolio seeks to generate returns that exceed the DEX Universe Bond Index over a full market cycle through investments in a diversified portfolio of fixed income securities, while maintaining similar duration (+/- 0.3 years) relative to the Index.
The Canadian Long Bond portfolio seeks to generate returns that exceed the DEX Long Term Bond Index over a full market cycle through investments in a diversified portfolio of fixed income securities while maintaining similar duration (+/- 0.3 years) relative to the Index.
The Canadian Bond Core Plus portfolio seeks to achieve absolute and risk-adjusted returns in excess of the DEX Universe Bond Index over a full market cycle by investing in both investment-grade and non-investment-grade sectors, including U.S. high yield, emerging market debt, and global bonds.
The Canadian Long Bond Core Plus portfolio seeks to achieve absolute and risk-adjusted returns in excess of the DEX Universe Long Bond Index over a full market cycle by investing in both investment-grade and non-investment-grade sectors, including U.S. high yield, emerging market debt, and global bonds.
Global and US
The Global Bond portfolio seeks to achieve a combination of income with capital appreciation by investing in global government bonds from around the world. The Fund also invests in corporate bonds, U.S. mortgage-backed securities and collateralized mortgage obligations to provide asset class diversification.
The U.S. High Yield Bond portfolio seeks to achieve a combination of high level of income and the potential for capital gains by investing primarily in higher-yielding, lower quality fixed income securities, preferred stocks and convertible securities issued by U.S. companies.
The Emerging Markets Debt portfolio seeks to achieve both income and capital growth through investment principally in global emerging market debt securities.
For more information on these products, please contact pyramiscanada@fmr.com.
Fidelity Investments Canada ULC
483 Bay Street, Suite 300
Toronto, Ontario
M5G 2N7
1 (800) 817-5448
pyramiscanada@fmr.com
Media Relations
Chris Pepper
Director, Corporate Affairs
(416) 307-5388
Pyramis Global Pension "Pulse" Poll
January 2010
Leading global pension plans believe future growth to come from active equity management
The art and science of fixed income risk management
October 2009
Portfolio manager Jeff Moore explains why a robust partnership between quantitative and fundamental analysis is essential to effective risk management.
