Latest news with #FCIP
Cision Canada
5 days ago
- Business
- Cision Canada
Fidelity Investments Canada expands All-in-One ETF lineup with two new income-focused ETFs Français
New ETFs designed to provide single-ticket solution to diversified portfolio of global fixed income and/or global equities TORONTO, June 3, 2025 /CNW/ - Fidelity Investments Canada ULC (Fidelity) today launched two new All-in-One ETFs and four mutual fund versions of existing Fidelity ETFs. The ETFs listed below will begin trading on the Cboe Canada exchange today, adding to Fidelity's growing All-in-One ETFs which consists of four investing strategies at $7.1 billion in assets under management (as at May 20, 2025). New products: Fidelity All-in-One Conservative Income ETF (FCIP) & ETF Fund Fidelity All-in-One Fixed Income ETF (FFIX) & ETF Fund New mutual fund versions of existing products: Fidelity All-American Equity ETF Fund Fidelity All-International Equity ETF Fund Fidelity U.S. Value ETF Fund Fidelity International Value ETF Fund "At Fidelity, we take pride in listening to our clients' needs and evolving our product lineup to help them reach their financial goals regardless of the investment vehicle," said Kelly Creelman, Senior Vice President, Products and Marketing, Fidelity. "With today's launch and expansion, we're excited to provide Canadian investors with a larger suite of All-in-One options and mutual fund equivalents of some of our most popular ETF strategies, giving them more opportunities to tailor their investment journeys." Why consider All-in-One ETFs: Fidelity's All-in-One ETF lineup provides investors with the convenience of a single-ticket solution to diversified portfolios. Broad market exposure: Global multi-asset strategy, designed with equity factors and active equity, systematic and active fixed income (may provide a small amount of exposure to cryptocurrency depending on the fund). Strategic diversification: Diversified across regions, asset classes and investment styles. Simple lower-cost solutions: Designed with built-in strategic asset allocation and annual portfolio rebalancing. Why consider these funds: Fidelity All-in-One Conservative Income ETF (FCIP) & ETF Fund Aims to achieve income and capital growth through total returns by using a strategic asset allocation approach. Provides exposure to a diversified portfolio of global equity and fixed income securities, with generally more emphasis on Canadian fixed income securities. Fidelity All-in-One Fixed Income ETF (FFIX) & ETF Fund Aims to achieve income by using a strategic asset allocation approach. Provides exposure to a diversified portfolio of global fixed income securities, with generally more emphasis on Canadian fixed income securities. Fidelity All-American Equity ETF Fund Provides a mutual fund version of the ETF that aims to achieve capital growth through total returns by using a strategic equity allocation approach. Aims to provide exposure to a diversified portfolio of U.S. equity securities. Fidelity All-International Equity ETF Fund Provides a mutual fund version of the ETF that aims to achieve capital growth through total returns by using a strategic equity allocation approach. Aims to provide exposure to a diversified portfolio of companies located or principally operated outside of Canada and the U.S. Fidelity U.S. Value ETF Fund Provides a mutual fund version of the ETF. Invests in large- and mid-capitalization U.S. companies that have attractive valuations. Fidelity International Value ETF Fund Provides a mutual fund version of the ETF. Invests in large- and mid-capitalization foreign companies that have their principal business activities or interests outside of Canada or the U.S. and that have attractive valuations. Learn more about the funds and get expert insights Advisors: Tune into FidelityConnects at 11:30 a.m. EST on June 11 to hear Director of ETFs and Alternative Strategies Étienne Joncas-Bouchard discuss what's new in ETFs. Investors and advisors: Tune into The Upside at 12:30 p.m. EST today (June 3) to hear ETF Strategists Vince Kraljevic and Mark Verrilli discuss the new ETFs and mutual funds. A French language show will also be available at 4:30 p.m. EST today (June 3) with ETF Strategist Sebastien Faucher. Questions or comments: Reach out to us on Reddit. About Fidelity Investments Canada ULC At Fidelity Investments Canada, our mission is to build a better future for our clients. Our diversified business serves financial advisors, wealth management firms, employers, institutions and individuals. As the marketplace evolves, we are constantly innovating and offering our clients choice of investment and wealth management products, services and technological solutions all backed by the global strength and scale of Fidelity. With assets under management of $289 billion (as at May 26, 2025), Fidelity Investments Canada is privately held and committed to helping our diverse clients meet their goals over the long term. Fidelity funds are available through financial advisors and online trading platforms. Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs. Please read the mutual fund's or ETF's prospectus, which contains detailed investment information, before investing. Mutual funds and ETFs are not guaranteed. Their values change frequently and investors may experience a gain or a loss. Past performance may not be repeated. Each of the Fidelity All-in-One ETFs except Fidelity All-in-One Fixed Income ETF has a neutral mix, which includes a small allocation to Fidelity Advantage Bitcoin ETF® ranging between 0.5% and 3%. Additionally, if the portfolio deviates from its neutral mix by greater than 5% between annual rebalances, the portfolio will also be rebalanced. In the case of the Fidelity ETF's allocation to Fidelity Advantage Bitcoin ETF ®, if the portfolio weight exceeds twice its neutral weight, the allocation will be brought back to its neutral weight with any proceeds being reallocated to the other Underlying Fidelity ETF's at their approximate strategic allocations. Such rebalancing activity may not occur immediately upon crossing that threshold but will occur shortly thereafter.
Yahoo
5 days ago
- Business
- Yahoo
Fidelity Investments Canada expands All-in-One ETF lineup with two new income-focused ETFs
New ETFs designed to provide single-ticket solution to diversified portfolio of global fixed income and/or global equities TORONTO, June 3, 2025 /CNW/ - Fidelity Investments Canada ULC (Fidelity) today launched two new All-in-One ETFs and four mutual fund versions of existing Fidelity ETFs. The ETFs listed below will begin trading on the Cboe Canada exchange today, adding to Fidelity's growing All-in-One ETFs which consists of four investing strategies at $7.1 billion in assets under management (as at May 20, 2025). New products: Fidelity All-in-One Conservative Income ETF (FCIP) & ETF Fund Fidelity All-in-One Fixed Income ETF (FFIX) & ETF Fund New mutual fund versions of existing products: Fidelity All-American Equity ETF Fund Fidelity All-International Equity ETF Fund Fidelity U.S. Value ETF Fund Fidelity International Value ETF Fund "At Fidelity, we take pride in listening to our clients' needs and evolving our product lineup to help them reach their financial goals regardless of the investment vehicle," said Kelly Creelman, Senior Vice President, Products and Marketing, Fidelity. "With today's launch and expansion, we're excited to provide Canadian investors with a larger suite of All-in-One options and mutual fund equivalents of some of our most popular ETF strategies, giving them more opportunities to tailor their investment journeys." Why consider All-in-One ETFs: Fidelity's All-in-One ETF lineup provides investors with the convenience of a single-ticket solution to diversified portfolios. Broad market exposure: Global multi-asset strategy, designed with equity factors and active equity, systematic and active fixed income (may provide a small amount of exposure to cryptocurrency depending on the fund). Strategic diversification: Diversified across regions, asset classes and investment styles. Simple lower-cost solutions: Designed with built-in strategic asset allocation and annual portfolio rebalancing. Why consider these funds: Fidelity All-in-One Conservative Income ETF (FCIP) & ETF Fund Aims to achieve income and capital growth through total returns by using a strategic asset allocation approach. Provides exposure to a diversified portfolio of global equity and fixed income securities, with generally more emphasis on Canadian fixed income securities. Fidelity All-in-One Fixed Income ETF (FFIX) & ETF Fund Aims to achieve income by using a strategic asset allocation approach. Provides exposure to a diversified portfolio of global fixed income securities, with generally more emphasis on Canadian fixed income securities. Fidelity All-American Equity ETF Fund Provides a mutual fund version of the ETF that aims to achieve capital growth through total returns by using a strategic equity allocation approach. Aims to provide exposure to a diversified portfolio of U.S. equity securities. Fidelity All-International Equity ETF Fund Provides a mutual fund version of the ETF that aims to achieve capital growth through total returns by using a strategic equity allocation approach. Aims to provide exposure to a diversified portfolio of companies located or principally operated outside of Canada and the U.S. Fidelity U.S. Value ETF Fund Provides a mutual fund version of the ETF. Invests in large- and mid-capitalization U.S. companies that have attractive valuations. Fidelity International Value ETF Fund Provides a mutual fund version of the ETF. Invests in large- and mid-capitalization foreign companies that have their principal business activities or interests outside of Canada or the U.S. and that have attractive valuations. Learn more about the funds and get expert insights Advisors: Tune into FidelityConnects at 11:30 a.m. EST on June 11 to hear Director of ETFs and Alternative Strategies Étienne Joncas-Bouchard discuss what's new in ETFs. Investors and advisors: Tune into The Upside at 12:30 p.m. EST today (June 3) to hear ETF Strategists Vince Kraljevic and Mark Verrilli discuss the new ETFs and mutual funds. A French language show will also be available at 4:30 p.m. EST today (June 3) with ETF Strategist Sebastien Faucher. Questions or comments: Reach out to us on Reddit. About Fidelity Investments Canada ULC At Fidelity Investments Canada, our mission is to build a better future for our clients. Our diversified business serves financial advisors, wealth management firms, employers, institutions and individuals. As the marketplace evolves, we are constantly innovating and offering our clients choice of investment and wealth management products, services and technological solutions all backed by the global strength and scale of Fidelity. With assets under management of $289 billion (as at May 26, 2025), Fidelity Investments Canada is privately held and committed to helping our diverse clients meet their goals over the long term. Fidelity funds are available through financial advisors and online trading platforms. Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs. Please read the mutual fund's or ETF's prospectus, which contains detailed investment information, before investing. Mutual funds and ETFs are not guaranteed. Their values change frequently and investors may experience a gain or a loss. Past performance may not be repeated. Each of the Fidelity All-in-One ETFs except Fidelity All-in-One Fixed Income ETF has a neutral mix, which includes a small allocation to Fidelity Advantage Bitcoin ETF® ranging between 0.5% and 3%. Additionally, if the portfolio deviates from its neutral mix by greater than 5% between annual rebalances, the portfolio will also be rebalanced. In the case of the Fidelity ETF's allocation to Fidelity Advantage Bitcoin ETF ®, if the portfolio weight exceeds twice its neutral weight, the allocation will be brought back to its neutral weight with any proceeds being reallocated to the other Underlying Fidelity ETF's at their approximate strategic allocations. Such rebalancing activity may not occur immediately upon crossing that threshold but will occur shortly thereafter. Find us on social media @FidelityCanada to FidelityConnects on Apple or Spotify SOURCE Fidelity Investments Canada ULC View original content to download multimedia:
Business Recorder
26-05-2025
- Business
- Business Recorder
Climate hits the pivot — the way forward in agri risk management
The devastating storms that wreaked havoc across Punjab on May 24, 2025 are a blunt reminder of our agriculture sector's vulnerability in the wake of intensifying climate crises. The extensive damage to crops, high-value irrigation systems, and power supply infrastructure highlights the pressing need for a concerted effort towards building a robust agricultural risk management framework. This disaster was not a standalone event, as it is linked to a systemic worsening of the national climate in recent years. 2022 saw calamitous floods that inundated vast belts of Punjab's agricultural land, while the 2024 heatwave severely impaired seedling emergence across a range of vulnerable Kharif crops, including sesame, which holds rising potential for export to China. These recurring weather hazards have exposed the fragility of our preparedness to anticipate and effectively cope with adversity. One fundamental gap lies in the absence of a comprehensive, transparent, and technology-enabled insurance framework, which is customized to overcome the climate vulnerabilities of our agricultural sector. Seeking interventions for structured risk management reforms has become increasingly crucial with the evolution of industrial agriculture that the country has seen over the last half a decade. These corporate farms, with valiant investments in technology and scale, bear an excessively high exposure to potential climate-related losses, which requires urgent attention to sustain investment momentum in this emerging sector. One tested solution lies in replicating cutting-edge insurance systems that have successfully worked in the west. These systems are privately owned but rigorously overseen and subsidized by the government to ensure uptake, transparency, and efficient processing of claims. The US government's Federal Crop Insurance Programme (FICP) is a working demonstration of a delivery model that augments the perks of private sector efficiency with government sponsorship and oversight. FCIP leverages a network of actively regulated private insurance companies authorized by the United States Department of Agriculture's Risk Management Agency. The programme offers a range of insurance products, which include coverage against multiple perils, including crop losses due to bad weather. There are separate policies, other than the ones offered under FCIP, which offer comprehensive insurance against damage to farm property, infrastructure, and irrigation systems. The government often subsidizes on average up to 60% premiums which has encouraged widespread uptake and resulted in significant loss mitigation. Use of satellite-based remote-sensing analytics combined with extensive in-situ weather monitoring has enabled insurance providers to minimize delays and disputes, and reinforce participation. Likewise, the Australian government supports a private sector-led drought insurance programme, which uses undisputed weather indices instead of traditional actuarial frameworks, to determine payments or regulate disbursements. This allows the farmers to quickly reinvest and bounce back from climate shocks. Similar to the US model, this programme also involves use of multiple-source sensor data to enable quick and transparent claim processing. In other words, according to the Department of Primary Industries and Regions, the Australian government's support includes programmes that offer funding and resources to help with drought preparedness and resilience. Furthermore, to act as a unified voice for successful risk mitigation, the industrial agriculture companies should organize into a dedicated association or a collaborative platform. This would enable coordinated interactions with authorities and other stakeholders to advocate and undertake pressing risk management reforms. Such an outlet would also ensure that the evolving needs of these large-scale farms are adequately represented and the risks arising from their scale and process complexity are hedged. This writer's own losses in the May 24 storm which include damage to center pivot system, farm power supply infrastructure, and standing crops are an agonizing testament to the dangers of climate risks, which have led to setbacks with lasting financial consequences. The recent devastation in Punjab emphasizes the criticality and urgency of these and other measures, which are aimed at integrating resilience and protecting crops, machinery, infrastructure, and human life from the recurring climate offensive. Development of a comprehensive and transparent risk management framework, enabled by proactive and generous government backing, reorientation of private insurers toward adoption of fact-finding technology, and a unified industry voice, is indispensable to the sustainability and modernization of our agricultural ecosystem. (The writer is the CEO and Founder of an industrial agriculture company, which specializes in technology-driven desert agriculture on a corporate scale) Copyright Business Recorder, 2025
Yahoo
14-05-2025
- Science
- Yahoo
As temperatures rise, the US Corn Belt could see insurance claims soar
In the United States, farmers have access to federally subsidized crop insurance — a backstop that affords them some peace of mind in the face of extreme weather. When droughts, floods, or other natural disasters ruin a season's harvest, farmers can rely on insurance policies that will pay out a certain percentage of the expected market value of the food, saving them from financial ruin. But that insurance program could become strained as global warming worsens, bringing more uncertainty to the agricultural sector. A new study models how harvests in the U.S. Corn Belt — the swath of Midwestern states including Indiana, Illinois, and Iowa that produce the vast majority of the nation's corn — could fluctuate over the next few decades under a warming scenario projected by United Nations climate scientists. The researchers compared these results to a scenario with no warming, in which tomorrow's growing conditions are the same as today's. They found that, as temperatures continue to rise, the nation's corn growers are likely to see more years with lower yields — and the losses they incur during those years will also be greater. The study projects that the likelihood of corn growers' yields falling low enough to trigger insurance payouts could double by 2050, creating financial strain for both farmers and the government. The findings demonstrate how growing climate impacts like unprecedented heat could destabilize the business of growing food and the nation's food supply. Reduced corn yields would be felt widely, as the crop is used to feed cattle, converted into fuel, and refined into ingredients used in processed foods, among other applications. 'Corn is so essential to the U.S. food system,' said Sam Pottinger, a data scientist at University of California, Berkeley and the lead researcher of the study. 'There's the corn we eat, but we also feed it to the livestock. It's just an absolute cornerstone to how we feed everyone in the country.' In recent years, climate change has strained the U.S. property insurance market, as insurance companies have raised homeowners' premiums and in some cases pulled out of risky areas altogether. Pottinger's study seems to reflect similar cracks in the federal crop insurance system, which wasn't designed to account for the kind of yield volatility farmers are likely to experience if the rise in global temperatures continues unmitigated. First established in the 1930s as an agricultural support in the wake of the Great Depression, the Federal Crop Insurance Program, or FCIP, got permanent authorization from Congress in 1980. Not all farms can afford these policies or choose to enroll in them: The program covered about 13 percent of U.S. farms in 2022, according to the U.S. Department of Agriculture's Economic Research Service. Data suggests that the way federal crop insurance is currently set up is most attractive to the nation's largest farmers — for example, as the number of farms insured under FCIP decreased from 2017 to 2022, but the number of acres insured went up. Meanwhile, smaller farms and those that focus on specialty crops such as fruits and vegetables are less likely to have federal coverage. Farmers who go without insurance are on their own when extreme weather strikes, forced to rely on savings to make up for lost income or reach out to other USDA subagencies for support. Rising temperatures have already taken a major toll on the FCIP. Climate change drove up federal crop insurance payouts by $27 billion in the period between 1991 and 2017, according to a Stanford University study. A separate 2023 report by the Environmental Working Group, an activist group focused on pollutants, found that federal crop insurance costs grew more than 500 percent over a roughly two-decade period ending in 2022. Given this astronomical jump, Pottinger was not sure if he and his colleagues would see another significant increase in costs in their projections for the future. The team used a machine learning model to simulate growing conditions under one of the more moderate warming scenarios laid out by the Intergovernmental Panel on Climate Change, the U.N.'s top body of climate scientists. The team's results were 'eye-popping,' said Pottinger, who at one point worried they'd made a mistake in the calculations. To contextualize the results, he mentioned the 2012 to 2013 growing season, which was especially bad for corn farmers, with yields around 23 percent lower than expected. 'What our simulations are saying is: That year was bad, but that kind of a bad year is going to happen a lot more often.' Eunchun Park, an assistant professor focused on agricultural risk at the University of Arkansas, said the paper's methodology was sound and its findings are 'well aligned' with his previous research on crop insurance. (Park did not participate in the study; he is, however, engaged in similar research with one of the study's co-authors.) Stephen Wood, an associate research professor at the Yale School of the Environment, agreed about the methodology but noted that the study's loss estimates may be on the high end — since the algorithm used by the researchers didn't account for farmers planting different crops or changing planting strategies after a bad harvest. 'It's a good analysis, but it's probably a maximum impact, because there are adaptation measures that could mitigate some of that,' he said. Park noted, as the paper does, that the FCIP isn't prepared for the kind of yield volatility that climate change is creating. Under the program's Yield Protection plan, for example, farmers can insure their crops up to a certain percentage of their actual production history, or the average of a grower's output over recent years. If a farmer's yield falls below that average, say, due to extreme heat or a hail storm, then the plan will make up the difference. But averages do not reflect dramatic dips or spikes in yield very well. If a farmer's yield is 180 bushels of corn per acre one year and then 220 the next, they have the same average yield as a farmer who harvests 150 bushels per acre and 250 bushels per acre over the same time period. However, the latter scenario costs the insurance provider — in this case, the federal government — a lot more money. Pottinger and his team say lawmakers could ease the financial burden on farmers and the FCIP by tweaking the nation's farm bill, which governs U.S. agricultural policy roughly every five years, so that the FCIP rewards growers for using regenerative agriculture methods. These practices, like planting cover crops alongside commercial crops and rotating crops from field to field, help boost soil health and crop resilience. Wood's previous research has found that agricultural lands with more organic matter in the soil fare better in extreme weather events and see lower crop insurance claims. And other research has shown cover crops confer some resilience benefits against droughts and excessive heat. Regenerative agriculture techniques may, however, cause lower yields in the early stages of implementation. 'Crop insurance doesn't have a good way to recognize that right now,' said Pottinger. Both Park and Wood predicted that the Risk Management Agency, the part of the USDA that regulates crop insurance policies, may be reluctant to change its approach to regenerative agriculture. 'There's some resistance there,' said Wood. Pottinger emphasized that while his team recommends making crop insurance more inclusive to regenerative agriculture practices, his report does not try to 'dictate practice' for farmers. He thinks growers should decide for themselves whether to try cover cropping, for instance. 'Farmers know their land better than anyone else,' he said. 'And they should really be empowered to make some of those decisions and just be rewarded for those outcomes.' This story was originally published by Grist with the headline As temperatures rise, the US Corn Belt could see insurance claims soar on May 14, 2025.
CBC
28-01-2025
- Business
- CBC
New immigration pilot program announced in Thunder Bay, Ont., aims to fill key labour gaps
A new pilot program has been introduced in Thunder Bay, Ont., which aims to fill key labour shortages by attracting and retaining newcomers. The Rural Community Immigration Pilot (RCIP) was announced in the city on Monday by Thunder Bay—Superior North MP Patty Hajdu. The five-year federal pilot program is being introduced in 18 communities, including Sudbury, Timmins, and Sault Ste. Marie in northern Ontario. Half a dozen communities will also be participating in what's called the Francophone Community Immigration Pilot (FCIP). "Northern Ontario, as you know, has had a history of sort of booming and declining populations, oftentimes in communities that have relied on one single sector of the economy," Hajdu said. "It can be a really perilous time for communities as they try to hold on to population, they try to hold on to a small business landscape, and try to reimagine a more diverse economy." The goal with the RCIP is to provide communities with a permanent residence pathway for newcomers who will live there long-term and fill critical labour gaps, she explained. The RCIP replaces the former Rural and Northern Immigration Pilot program, which ended last summer. "I think the main difference is that [the RCIP] is more employer-focused," said Jamie Taylor, CEO of the Thunder Bay Community Economic Development Commission (CEDC), which will be leading the pilot in Thunder Bay. Employers will undertake training to qualify for the program before they are able to make permanent job offers to candidates, she said. The federal program comes a week after the provincial government announced a new one-year Regional Economic Development through Immigration (REDI) pilot in Thunder Bay, Lanark, Leeds and Grenville, and Sarnia-Lambton. Through the REDI program, the Thunder Bay CEDC has been awarded up to 200 nominations via the Ontario Immigration Nominee Program (OINP's) employer job offer stream. The federal and provincial programs combined demonstrate a recognition from both levels of government of Thunder Bay's potential for growth, Taylor said. "It's a recognition not only that the CEDC has the capability of delivering these programs, but it's also a recognition that Thunder Bay is a place where they think that there will be success, right?" she said. 'Immigrants are often the scapegoats' As U.S. president Donald Trump moves forward with a mass deportation plan, Hajdu said Canada has always cherished immigration "as part of the growth of our country." "In times of stress, people look for scapegoats, and unfortunately, immigrants are often the scapegoats that can be chosen by populist leaders and used as a way to divide communities and divide their populations," Hajdu said. "I think about the health-care gaps that we have and the number of people coming that provide supports in health care and in personal support work, that we just wouldn't have without newcomers coming to our communities." Despite the recent introduction of federal caps on international study permits, Taylor said Lakehead University and Confederation College are key economic drivers in the community, and that the number of amenities offered to newcomers in Thunder Bay makes it an attractive city to settle in.
