A Large-cap Fund We Like

Article Excerpt

FIDELITY CANADIAN LARGE CAP FUND $26.81 (CWA Rating: Conservative) (Fidelity Investments Canada, 483 Bay St., Suite 200, Toronto, Ont. M5G 2N7. 1-800-263-4077; Web site: www.fidelity.ca. Load fund — available from brokers) invests mostly in large-sized firms like those on the S&P/TSE Index, although it may also invest in small and mid-cap stocks. The top holdings of this $396.2 million fund are Bank of Nova Scotia, Canadian Natural Resources, EnCana Corporation, Cameco Corporation, Suncor Energy, Manulife Financial, Royal Bank of Canada, ING Canada, Bank of Montreal and TD Bank. The fund is diversified by industry sector as follows: 39.5% in Financials, 21.2% in Energy, 11.1% in Materials, 6.4% in Industrials, 4.7% in Consumer discretionary, 3.7% in Health care, and 3.6% in Information technology. Fidelity Canadian Large Cap Fund’s one-year gain is 23.8%, compared to 23.1% for the S&P/TSX Index. The fund’s MER is 2.55%. Fidelity Canadian Large Cap Fund is a buy. buy…