Buy for Large-Cap Growth

Article Excerpt

FIDELITY CANADIAN LARGE CAP FUND $26.55 (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 the $416.3 million Fidelity Canadian Large Cap Fund are Royal Bank of Canada, Suncor Energy, Manulife Financial, Bank of Nova Scotia, Bank of Montreal, Research in Motion, Western Oil Sands, CIBC, Rogers Communications and Toronto-Dominion Bank. The fund is diversified by industry sector as follows: 38.3% in Financials, 21.7% in Energy, 17.1% in Materials, 6.2% in Information technology, 5.9% in Consumer discretionary, 4.2% in Telecommunication services, 3.8% in Industrials, and 2.3% in Consumer staples. Fidelity Canadian Large Cap Fund’s one-year gain is 5.1%, compared to 14.4% for the S&P/TSX Index. The fund’s MER is 2.55%. Fidelity Canadian Large Cap Fund is a buy. buy…