Fidelity funds load up on Canadian tech stocks Shopify, Lightspeed, Open Text, filing shows

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 92%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The big Canadian tech bets by fund managers came during a tough year for both Shopify and Lightspeed

Mutual fund giant Fidelity Investments made a decisive push into Canadian technology stocks during its most recent fiscal year, betting big on three companies in particular across several funds, including Shopify Inc.

more than quadrupled to 15.8 million shares, from 3.6 million, over the course of the year. Three funds did most of the buying: Fidelity’s Canadian Opportunities Fund, Truth North Fund and Greater Canada Fund. Lightspeed was the $4-billion Fidelity Canadian Opportunities Fund’s No. 1 holding, with 7.95 million shares as of June 30.

The investments in Open Text happened as enterprise software sellers faced slower sales cycles, due to giant customers proceeding cautiously on spending in a period of economic uncertainty. By contrast, Fidelity funds collectively trimmed their aggregate positions in information technology services provider CGI Inc.

But a year-over-year review of the Boston fund giant’s holdings typically reveals interesting developments, including past decisions by Fidelity toof privately held Canadian technology companies it has backed including ApplyBoard, Inc., Hootsuite Media, Inc. and quantum computing pioneer D-Wave Quantum Inc. before it became a publicly listed company.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 5. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Shopify CEO discourages staff from taking on side gigs that divert attention from companyTobi Lutke says in a memo circulated to staff that Shopify’s mission to build world-class software for millions of merchants requires their unshared attention
ソース: globebusiness - 🏆 31. / 66 続きを読む »

Shopify CEO discouraging staff from side hustles that divert attention from companyTobi Lutke fears side gigs will divert their attention away from the company.
ソース: calgarysun - 🏆 63. / 52 続きを読む »

Shopify CEO discouraging staff from side hustles that divert attention from companyOTTAWA — The chief executive of Shopify Inc. is discouraging staff from taking on side gigs that divert their attention away from the company.
ソース: SooToday - 🏆 8. / 85 続きを読む »

Shopify CEO discouraging staff from side hustles that divert attention from companyTobi Lutke fears side gigs will divert their attention away from the company.
ソース: TheTorontoSun - 🏆 23. / 68 続きを読む »