Investment
Questrade team wins 2020 JA Investment Strategies Program – GlobeNewswire
–Student competition sponsored by leading online brokerage creates next gen investors as commitment to financial education —
TORONTO, Dec. 21, 2020 (GLOBE NEWSWIRE) — Questrade (www.questrade.com) – Canada’s fastest growing online brokerage – is proud to announce that one of its sponsored teams, Questrade Team Success Inc. of John Cabot Secondary School in Mississauga, Ontario was the overall winner of the national, Investment Strategies Program (ISP) run by JA Canada. The goal of the six-week initiative was to educate grade 9 – 12 students on investing basics and principles, so they can make sound financial decisions, and ultimately, achieve success in both work and life. The simulated online competition saw participation from 2,585 students from 114 classrooms in more than 60 schools in Central Ontario alone.
As an ongoing sponsor of JA Central Ontario, Questrade volunteers conducted virtual learning sessions with students to facilitate hands-on learning and activities. Each team, with a unique ‘company’ name, competed to build effective stock portfolios and trade with a mock $100,000 in real-time markets to build their skills during the contest. Questrade Team Success Inc., run by a single grade 11 student, Julian Kokhanovskyy, ranked first in the national competition comprised of 2049 teams with a winning total of $502,468.00 in equity.
“In our second year of sponsoring JA Central Ontario’s Investment Strategies Program, we’re not only honoured to enhance our long-standing partnership with the organization for one of their key financial literacy programs but thrilled to have our own team win the program,” explained Edward Kholodenko, president and CEO, Questrade. “Given it’s our mission to help Canadians achieve financial success and security, there is no better investment than in our youth and their future. We’re proud to play a continued role in their financial literacy, so young Canadians can make smart investing choices when they are ready.”
In addition to the real-life experience and knowledge gained, the winning student received $1,000 towards a TFSA account from Questrade. Questrade presented the prize to the winner in a virtual presentation due to safety protocols, on December 15.
“Once again, we are grateful for Questrade’s support with this important program,” said Jennifer Holmes Weier, president & CEO, JA Central Ontario. “Together we are inspiring students to realize the power and importance of investing, as well as creating the next generation of expert investors.”
About JA Central Ontario
JA Central Ontario’s mission is to inspire and prepare young people to succeed in a changing global economy. It does this by bridging the gap between education and the world of work through expert online programs. Focusing on entrepreneurship, financial literacy and work readiness, JA Central Ontario empowers young people to grow their entrepreneurial ideas, hone their work skills, manage their earnings, and secure better lives for themselves, their families, and their communities. JA Central Ontario is accredited by Imagine Canada for excellence in non-profit accountability, transparency, and governance. It is a member of JA Canada and part of JA Worldwide, the world’s largest not-for-profit organization dedicated to educating young people about business. For more information, visit www.jacentralontario.org
About Questrade
Questrade (www.questrade.com) is Canada’s fastest growing online brokerage that is changing the Canadian financial services industry by leveraging technology to lower fees and providing a viable alternative to traditional financial investment options, thereby allowing Canadians to “Keep More of their Money.” As a leader and innovator in financial services, Questrade is a trusted ally that advocates for consumers, focused on improving value. Ranked Canada’s #1 rated online broker (MoneySense 2019) and #1 in Investor Satisfaction by J.D. Power (2020), Questrade has been challenging the status quo for more than 20 years. With over $18 billion in assets and more than 100,000 accounts opened every year, Questrade and its companies provide financial products and services: securities, foreign currency investment and online wealth management. For more information visit www.questrade.com, or follow @Questrade.
Questrade Wealth Management Inc. (QWM) and Questrade, Inc. are wholly owned subsidiaries of Questrade Financial Group Inc. Questrade, Inc. is a registered investment dealer, a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF), the benefits of which are limited to the activities undertaken by Questrade, Inc. QWM is not a member of IIROC or the CIPF. Questrade Wealth Management Inc. is a registered Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer. Questwealth Portfolios is a service provided by Questrade Wealth Management Inc. ©2020 Questrade Financial Group Inc.
For more information, visuals, or to arrange an interview with Questrade or JA Central Ontario, contact Susan Willemsen at The Siren Group Inc. Tel: 416-461-1567 or M: 416-402-4880. Email: susan@thesirengroup.com. Visit www.thesirengroup.com or @thesirengroup.
A funding boost to our local townships announced by the provincial government today, as MPP for Kitchener-Conestoga Mike Harris Jr. announced almost $1.9 million dollars in investments for infrastructure projects in the townships of Wellesley, Wilmot and Woolwich. Those funds made available through the Ontario Community Infrastructure Fund (OCIF) are said to come through the province’s continuing effort to support municipalities “as they build and repair roads, bridges, water and wastewater infrastructure.”
In a release, MPP Harris Jr. said the funding will help local municipalities in moving forward with their infrastructure priorities and asset management planning needs in 2021. Of the nearly $1.9M investment, Wellesley will receive $518,917, Wilmot will be receiving $728,765 and $630,843 will go to Woolwich.
“This is part of my commitment to support our local municipalities and make our community the best place to live and grow.” said Harris.
Part of a larger investment effort, the funds come as part of the province’s approximately $200 million commitment to 424 communities to help address core infrastructure products and other planning needs this year. Also commenting on the province-wide effort was the Minister of Infrastructure Laurie Scott, who said the investment in infrastructure projects has the government “strengthening and building communities.”
“This is part of our ongoing commitment to support small, rural and northern municipalities across Ontario, providing stable funding needed to build long-term economic resilience.”
Funding through the Ontario Community Infrastructure Fund provides stable and predictable funding for rural and northern communities with populations under 100,000. The province also provides funding to communities through the Canada Infrastructure Program – a $30-billion, 10-year program shared between federal, provincial and municipal governments.
Kimmeridge Energy Management Co on Tuesday launched a proxy fight against Ovintiv Inc to win three seats on the oil producer’s board.
The private investment firm urged Ovintiv to alter its capital spending, focus on governance and said that the board had allowed Ovintiv to become an environmental laggard, trailing peers on key environmental metrics.
Kimmeridge has nominated its founder Ben Dell, Cambiar Investors’ Katherine Minyard and Columbia University research scholar Erin Blanton as independent directors to Ovintiv’s board.
Ovintiv, responding to the Kimmeridge notice, said it will carefully review the nominations.
Kimmeridge owns 2.5% of Ovintiv’s common shares and is one of the oil driller’s top ten shareholders.
“Despite our best efforts to engage constructively with the company, the Board was dismissive of our recommendations to help position Ovintiv as a leading E&P,” said Mark Viviano, managing partner and head of public equities at Kimmeridge.
Earlier this month, Kimmeridge had urged Ovintiv to focus on capital allocation, management compensation issues and establishing environmental strategy.
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Investment
NEW Fidelity Investment Solutions: Fidelity Multi-Asset Innovation Fund and Fidelity All-in-One ETFs – Canada NewsWire
TORONTO, Jan. 26, 2021 /CNW/ – Fidelity Investments Canada ULC (“Fidelity”), one of Canada’s top investment management firms, today launched new investment products available to Canadian financial advisors and investors – Fidelity Multi-Asset Innovation Fund, Fidelity All-in-One Balanced ETF/ETF Fund and Fidelity All-in-One Growth ETF/ETF Fund.
“In today’s uncertain times, Canadian financial advisors and investors are looking for more stability to help them achieve their investing and life goals − balanced funds are an ideal solution for this. Moreover, investors are looking to invest with managers that have the experience and global resources to navigate and capitalize on the constant changes all around us”, said Kelly Creelman, Senior Vice President, Products & Marketing. “With today’s launch of Fidelity’s new products, we are meeting demand by offering advisors and investors convenient ways that can help them grow their savings in a balanced manner.”
Fidelity Multi-Asset Innovation Fund
Fidelity Multi-Asset Innovation Fund harnesses the experience of renowned portfolio managers Mark Schmehl, Jeff Moore and Michael Plage. This new fund leverages the vast research resources of Fidelity that span across asset classes and the globe. This global balanced mandate aims to achieve a high total investment return by investing primarily in, or providing exposure to, a mix of equity and an expansive set of fixed income securities of U.S. and other issuers from around the world.
“Mark Schmehl’s strong historical track record in equities coupled with the fixed income investing acumen of Jeff Moore and Michael Plage form the basis of the new Fidelity Multi-Asset Innovation Fund, “said Creelman. “By bringing Mark’s focus on positive change and Jeff’s and Michael’s focus on income and risk mitigation, this Fund can serve as a core holding for advisors and investors aiming for strong risk-adjusted returns with lower volatility.”
When investing in equity securities, portfolio manager Mark Schmehl seeks to identify companies that are positioned to benefit from innovative emerging technologies or business models. On the fixed income side, portfolio managers Jeff Moore and Michael Plage aim to generate income while focusing on mitigating risk through investing in global investment grade bonds, higher yielding lower quality fixed income securities and more.
Fidelity All-in-One ETFs
Fidelity All-in-One ETFs are a convenient and cost-efficient one-ticket solution for advisors and investors looking for exposure to a globally-diversified portfolio of stocks and bonds. These ETFs, sub-advised by Geode Capital Management LLC, will provide broad market exposure that goes beyond a passive approach, by harnessing the power of Fidelity Factor ETFs and Fidelity’s systematic and active fixed income management. We have combined the best features of an ETF – choice, simplicity, and cost – with the attraction of professional management. The Fidelity All-in-One ETFs are designed with strategic asset allocation and portfolio rebalancing with indirect management fees from the underlying ETFs. These funds are expected to begin trading on the NEO Exchange effective January 26, 2021. They are also available in mutual fund versions.
Fidelity All-in-One Balanced ETF (FBAL) aims to achieve capital growth through total returns by using a strategic allocation approach. It invests primarily in underlying Fidelity ETFs that provide exposure to a diversified portfolio of global equity and fixed income securities. It generally follows a neutral mix of 60% global equity securities and 40% global fixed income securities.
Fidelity All-in-One Growth ETF (FGRO) seeks capital growth through a strategic allocation approach with generally more emphasis on equities. It invests primarily in underlying Fidelity ETFs that provide exposure to a diversified portfolio of global equity and fixed income securities. It generally follows a neutral mix of 85% global equity securities and 15% global fixed income securities.
For more information, visit fidelity.ca
About Fidelity Investments Canada ULC
At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals.
As a privately-owned company, our people and world class resources are committed to doing what is right for investors and their long-term success. Our clients have entrusted us with $175 billion in assets under management (as at January 19, 2021) and they include individuals, financial advisors, pension plans, endowments, foundations and more.
We are proud to provide investors a full range of investment solutions through mutual funds and exchange-traded funds, including domestic, international and global equity, income-oriented strategies, asset allocation solutions, managed portfolios, sustainable investing and our high net worth program. Fidelity Funds are available through a number of advice-based distribution channels including financial planners, investment dealers, banks, and insurance companies.
Read a fund’s prospectus and consult your financial advisor before investing. Exchange-traded funds are not guaranteed, their values change frequently, and past performance may not be repeated. Commissions, management fees, brokerage fees and expenses may all be associated with investments in exchange-traded funds and investors and may experience a gain or loss.
Find us on social media @FidelityCanada
SOURCE Fidelity Investments Canada ULC
For further information: Chris Pepper, Vice-President, Corporate Affairs Fidelity Investments Canada ULC T: (416) 307-5388, M: (416) 795-7762, E: [email protected]
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