Fidelity Canada to Halt New Unit Creations for Global Small Cap ETF (FCGS)

Fidelity Investments Canada has announced plans to cap its Fidelity Global Small Cap Opportunities Fund, including its ETF series (FCGS), effective December 11, 2026. The decision, aimed at preserving investment strategy capacity and supporting effective portfolio management, will halt the creation of new ETF units while closing the mutual fund series to new investors. Existing ETF holders can continue trading their units on the secondary market, but the restricted supply could lead to wider bid-ask spreads, reduced liquidity and premiums to net asset value (NAV). Fidelity has cautioned investors against purchasing FCGS units once the cap takes effect due to potential pricing distortions. The fund will also terminate its distribution reinvestment plan (DRIP), with advance notice to participants. Fidelity may lift the restrictions if additional investment capacity becomes available.