FidelityConnects

VISION 2024: Fidelity Global Equity+ Fund portfolio manager panel – Mark Schmehl, Dan Dupont and Hugo Lavallée

On Wednesday October 23, Fidelity Canada hosted VISION 2024 in Toronto, connecting our portfolio managers and experts with advisors. One of the afternoon sessions was a discussion featuring the three portfolio managers behind Fidelity Global Equity+ Fund – Mark Schmehl, Dan Dupont, and Hugo Lavallée. All three have worked for Fidelity for over 20 years, and manage funds of their own. Fidelity Global Equity+ Fund, also available as an ETF, was launched one year ago and combines these three managers with long-term track records and complementary investment styles together to help diversify risk and offer the potential for above-market returns over the long-term. Hugo leads the discussion, with Dan joining him infront of the live audience, with Mark connecting in from San Francisco. In this lively hour-long discussion, we’ll hear how they all first joined Fidelity, lessons learned over their careers, where they are seeing opportunities right now, and what has and hasn’t worked recently in their portfolios.

Recorded on October 23, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

VISION 2024: Fixed income in Q4 2024 – Jeff Moore and Michael Plage

On Wednesday October 23, Fidelity Canada hosted VISION 2024 in Toronto, connecting our portfolio managers and experts with advisors. Fixed income portfolio managers Jeff Moore and Michael Plage sat down at the event with moderator Kelly Creelman, Senior Vice President, Products and Marketing. This session from VISION is today’s podcast. Jeff and Michael reflect on fixed income investing in today’s market environment, as 2024 winds down and ’25 is on the horizon. Among other topics we’ll hear about the team-based approach to fixed income investing at Fidelity’s Merrimack, New Hampshire, fixed income headquarters, how the various team members contribute to Fidelity Canada’s funds, and what may be next from the Federal Reserve and other central banks. Also, the potential impacts of the upcoming U.S. elections on markets.

Recorded on October 23, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Analyst perspectives: U.S. staples, retail and hardlines – Chase Bethel

In this episode, host Pamela Ritchie is joined by US Equity Research Analyst Chase Bethel to explore the evolving dynamics within consumer staples, retail growth strategies, and the pressures of inflation on everyday purchases. Chase opens by discussing how major consumer staples companies are thriving in an era where e-commerce and high valuations dominate. Despite inflationary pressures, retailers have leveraged their strong market positions to blending online and in-store experiences to sustain their resilience and keep consumer loyalty intact. He then discusses how rising operational costs are filtering down to consumers, particularly in grocery prices, which have surged by over 20%. Chase explains that these prices are likely to stay high, as retailers are grappling with enduring supplier and labour cost increases. Chase says for many households, dollar stores have now become a go-to, due to providing accessible price points. Chase closes off by discussing how the shift to digital retailing is here to stay, especially for groceries and even used car markets. He emphasizes that consumers are increasingly drawn to the convenience and accessibility of online shopping, a trend that has become integral to retails strategy and customer expectations.

Recorded on October 25, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Jurrien Timmer's global macro view – October 28, 2024

It's a busy time in global markets. We are only a few business days away from the US presidential election. It is also the busiest earnings week of the third quarter, with many tech heavyweights reporting. And here in Canada, market watchers are eagerly anticipating new GDP data. There's lots to unpack in the markets right now, and back on the show to help us break it all down is Fidelity's Director of Global Macro Jurrien Timmer. Jurrien addresses the prospect of a low-return environment ahead, as some market analysts predict a "lost decade" with moderate gains for both stocks and bonds. He notes that historically, markets oscillate between periods of high and low returns, and with current high valuations, mean reversion may naturally drive returns lower. Jurrien and host Pamela Ritchie discuss the role of liquidity, noting that technical factors like the reverse repo program have buffered the effects of the Fed's tightening. Jurrien expects these buffers to diminish in 2025, potentially spurring a liquidity wave that could boost equities without triggering a recession, though it may slightly elevate inflation. He highlights a balanced labor market, which reduces inflationary pressures, and believes supply disruptions like port strikes will have minimal impact. He also looks ahead to 2025, where he foresees both equity growth and rising yields, which could create occasional market volatility. 

 

Recorded on October 28th, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

VISION 2024: Lessons learned over a storied career – Will Danoff

On Wednesday October 23, Fidelity Canada hosted VISION 2024 in Toronto, connecting our portfolio managers and experts with advisors. Today’s podcast is portfolio manager Will Danoff’s session from the event, sitting down with host Glen Davidson. Will has had a legendary career with Fidelity. As one of the world’s most recognized investors, Will has successfully managed through periods of major market and economic disruptions for more than 30 years. He is one of the most experienced portfolio managers in the industry who has consistently maintained his philosophy and diligent process over the past three decades. For Canadian investors, Will’s investment expertise is available with Fidelity Insights Class, while most in the U.S. know him as manager of the $100B Fidelity Contrafund.

Recorded on October 23, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

VISION 2024: A CIO perspective and market outlook live from Toronto – Andrew Marchese

On Wednesday October 23, Fidelity Canada hosted VISION 2024 in Toronto, connecting our portfolio managers and experts with advisors. On today’s podcast we’ll hear from Fidelity Canada Chief Investment Officer Andrew Marchese, providing the live crowd with his perspectives and market outlook as we head towards the end of 2024. Andrew, who first joined Fidelity in 1998 is also portfolio manager of Fidelity Canadian Disciplined Equity Fund. A few key factors Andrew is watching to determine the current market condition is corporate profits, interest rates, liquidity, and valuations. Additionally, he notes the global economic cycle is still in late phase, with central banks adjusting policies to prevent recession. Please note, a few charts were displayed to the live audience.

 

Recorded on October 23, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

October 2024 Bank of Canada reaction – Don Drummond

Today we’re joined by economist Don Drummond for a live reaction of the Bank of Canada’s recent policy announcement.  Don breaks down the Bank of Canada’s surprising decision to cut interest rates by 50 basis points, and what this means for the Canadian economy, housing market, and consumers. The rate cut is largely aimed at stimulating housing demand and supply, although Don points out that this move is unlikely to significantly impact housing prices. Instead, it serves as a boost to housing availability, potentially easing some pressure on a market in dire need of dense and affordable housing options. Addressing the broader economic impacts on the Canadian dollar and productivity, Don highlights a notable productivity gap between Canada and the U.S., which is tied to a weaker Loonie. This 20% disparity is a key challenge, as a less competitive currency can strain Canadian productivity growth relative to the U.S.

 

Recorded on October 24^th, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Unlocking the potential of the Canadian market – Max Lemieux

In today’s episode, we sit down with portfolio manager Max Lemieux for an in-depth look on the Canadian market landscape and the forces shaping it. He shares his perspective on economic shifts, industry positioning, and investment strategy amid a complex macroeconomic environment. Maxime addresses positioning in this uncertain landscape, focusing on companies with strong long-term growth potential and resilient earnings, even in a slow market. He emphasizes defensive stocks in sectors like utilities telecom, and renewable energy. Maxime also mentions that the rise in 10-year bond yields signals market confidence in a “soft landing” for the economy, thought the U.S. fiscal situation and potential for higher interest rates remain a concern.

 

Recorded on October 22^nd, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

VISION 2024: Dividend investing and downside protection – Ramona Persaud

On Wednesday October 23, Fidelity Canada hosted VISION 2024 in Toronto, connecting our portfolio managers and experts with advisors. Today’s podcast is portfolio manager Ramona Persaud’s session from the event. Ramona speaks with host Glen Davidson about her focus on downside protection and dividend investing. Ramona is known for looking at not just a fund’s ultimate destination, but also the quality of the journey. That journey being lower volatility, and the destination being strong risk-adjusted returns over a full market cycle.

Recorded on October 23, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Jurrien Timmer's global macro view – October 21, 2024

Back on the show today for a detailed analysis of the macro factors shaping markets this week is Fidelity's Director of Global Macro Jurrien Timmer, offering a detailed analysis of the Fed's monetary policy and its implications for markets. Jurrien explains the technical factors, such as reverse repos and the Treasury General Account, that have offset the Fed's quantitative tightening effects. He outlines the scenario of a potential "fiscal cliff" if the government faces budgetary gridlock, which could push the Fed to end quantitative tightening to avoid reducing bank reserves, likely leading to increased liquidity. He sees this liquidity wave benefitting equities, gold, and bitcoin, since these are assets that generally thrive in a liquid environment. For inflation, Jurrien sees a higher baseline of around 2.5-3% as tolerable for the Fed, especially given fiscal challenges and elevated debt service costs. This environment could still support the stock market, as inflation in this range generally doesn't harm equity valuations. Bonds, however, may struggle to deliver capital gains, especially as yields have risen, reducing the negative correlation between stocks and bonds that once served as a key portfolio hedge.

 

Recorded on October 21st, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Analyst perspectives: Insurance and real estate sectors – Connor MacGrath

Today we speak to Fidelity Equity Research Associate Connor MacGrath. He discusses how cooling inflation and current market trends are shaping opportunities in the Canadian real estate and insurance sectors. Connor says as rates come down, the U.S. economy is holding a bit stronger while Canada's economy is slowing down.  This is creating wider levels of dispersion within the real estate and insurance sectors, but from this dispersion, Fidelity can leverage its research capabilities allowing to pinpoint new investment opportunities. Connor highlights opportunities in retail real estate. He says grocery-anchored power centres are doing well. The industrial real estate sector however is slowing down, but some owners are turning to building data centers because of secured power access, which makes them attractive investments. Connor also touches on new trends in life insurance and the impact of AI on the insurance sector.

 

Recorded on Friday October 18, 2024. 

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Denise Chisholm's sector and factor perspectives – October 17, 2024

Denise Chisholm, Director of Quantitative Market Strategy, joins us today on the podcast. With host Pamela Ritchie, Denise unpacks the impact of job market dynamics on inflation and equities, among other topics today. Denise notes that real retail sales have shown a slight contraction for two years but have recently picked up, indicating positive momentum. Also despite slowing job growth, with job openings declining and hiring rates stalling, she believes a reacceleration is likely.

 

Recorded on October 17, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Hidden gems: Finding opportunity in global small caps – Connor Gordon and Chris Maludzinski

Today we speak to co-managers of Fidelity Global Small Caps Opportunities fund Connor Gordon and Chris Maludzinski as they give an update on the fund, talk about their investing strategy, and where they are finding hidden gems in North America and globally. Chris explains how the fund provides access to a broader range of companies across the world, offering exposure to sectors and regions often overlooked by larger-cap funds. He adds the fund focuses on identifying companies undergoing positive changes or temporary setbacks, which creates opportunities for value-driven gains as businesses recover or grow. Connor says the fund is heavily weighted toward industrials and energy sectors, especially in themes like nuclear energy for decarbonization and AI infrastructure, which are poised for long-term growth. Connor adds that although it’s difficult to predict moving inflation or interest rates, the fund takes advantage of market dislocations caused by macroeconomic changes, allowing them to find undervalued opportunities. 

 

Recorded on October 16^th, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Where we are in the business cycle: October 2024 – Cait Dourney

Today on the program we speak to Fidelity U.S. Asset Allocation Research Analyst Cait Dourney. As a research analyst, Cait covers mostly economies in the US, China, India, Europe, Canada, and then provides asset allocation recommendations to the multi asset class portfolio managers. Cait discusses the global business cycle, the unexpected normalization in the US labour market, and why Canada could have potential investment opportunities. In terms of the business cycle, Cait says the U.S. is still in an expansion phase, supported by strong corporate and consumer sectors, with mid-cycle dynamics like profit margin growth. Profit margins and credit conditions are improving and the labor market is normalizing, reducing immediate recession risks. And she adds recession risks have decreased globally, and international earnings revisions are now outpacing the U.S., leading to cautious optimism about non-U.S. markets. Cait also touches on Canada’s rate-sensitive economy, inflation concerns, and China’s slowing economy.

Recorded on October 11, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Ontario's economic priorities – Finance Minister Peter Bethlenfalvy

Joining us on today’s show is a special guest, Peter Bethlenfalvy, Ontario Finance Minister. When investors talk about Canada’s economy, productivity tops the chart in terms of conversations. But the nuance that doesn’t get highlighted enough is that ours is an economy of economies, with provinces and territories. Ontario is the largest economy, accounting for nearly 40% of our GDP - how is the productivity picture there? Today, Minister Bethlenfalvy, who is also MPP for Pickering-Uxbridge, will speak to host Pamela Ritchie about our economic future in both Ontario and Canada as whole. We’ll also hear about the path to balance Ontario’s budget, auto manufacturing, mining, green bonds, and financial literacy in school curriculums.

Recorded on October 15, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Trend spotting: Third-quarter earnings season – Joe Overdevest

Today on the show portfolio manager Joe Overdevest sits down with host Pamela Ritchie to discuss trends in the third quarter and what investors could expect in the remaining quarter of the year and even into 2025. Joe says even though interest rate cuts are happening, investors are waiting for more certainty in the markets before buying. He adds that some people try to time the market, but companies over time grow their earnings and the stock price usually follows, which highlights the power of compounding. For 2025, Joe says the economic picture is looking decent. He says with high level of earnings growth for this year and next year at around 10% for the US and Canada plus inflation in Canada and the US trending close to 3% and GDP growth in the US at around 3%, the US and Canadian economies seem to be on the right path. Joe also highlights the current energy picture.  With a drop in oil prices and fading optimism around China's efforts to boost its economy, this has weighed heavily on energy and materials.  He says the demand for commodities will be higher in the future and China is currently 10 to 50% of the demand depending on the commodity. Nuclear could be a solution for an energy transition, but it will take time. Joe adds natural gas could be a short-term solution for increasing electricity demand.

 

Recorded on October 9, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

A tactical approach to balancing income and risk – Scott Mensi

From corporate earnings, to the inflation story and the upcoming US Presidential election, there are many themes affecting the markets today. Scott Mensi, Institutional Portfolio Manager of Fidelity’s Tactical High Income fund discusses how the portfolio pivots in today’s current market environment. Scott says since the spring, the fund has adjusted and invested in non-US equities, REITS, high yields and convertible bonds. The fund typically holds 45 % in equities. He also highlights the fund’s ability to move between different asset classes based on market conditions aiming for better downside protection and rebound potential. Scott also talks about the fund’s evolution over its 10 years. He says the fund continues to be an income solution that can invest in equities, investment grade bonds, bank loans and preferred securities. He adds the fund provides full-circle returns and risk rewards as well.

 

Recorded on October 8, 2024. 

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Behind the numbers: Denise Chisholm and Ramona Persaud's mutual love of data

On today’s podcast, we’re bringing you another installment in our “Behind the Numbers” series, where Chris Pepper, VP, Corporate Affairs, sits down with Fidelity’s portfolio managers, analysts, subject-matter experts, and more, about what brought them into investing and what drives them every day. In this episode, recorded at Fidelity’s Boston headquarters, we hear from Denise Chisholm, director of quantitative market strategy, and Ramona Persaud, portfolio manager. You'll hear about Ramona & Denise's career paths, as well as how their friendship grew over the years, and how they currently work together.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

FOCUS 2024: Building a high-conviction small cap portfolio – Connor Gordon

On September 24, Fidelity Investments Canada hosted FOCUS 2024 Montreal – a bi-lingual event connecting our portfolio managers directly with advisors. For French podcasts from the event, please keep an eye on our DialoguesFidelity podcast, those will be released soon. Portfolio manager Connor Gordon’s session is today’s podcast, and we’ll hear about how small cap companies could play a big role in your investments. Connor manages Fidelity Global Small Cap Opportunities Fund alongside Chris Maludzinski, and today he provides a fund update to the live audience, and host Charles Danis, VP Regional Sales Eastern Canada. They touch on market volatility and what we’ve seen in markets so far this year, and in prior cycles. Connor notes this volatility creates buying opportunities, which him and Chris look to take advantage of in Fidelity Global Small Cap Opportunities Fund, which was launched in September 2022 and is also available as an ETF.

Recorded on September 24, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

FOCUS 2024: Fidelity Tactical High Income Fund's strategy and building blocks – Adam Kramer and Scott Mensi

On September 24, Fidelity Investments Canada hosted FOCUS 2024 Montreal – a bi-lingual event connecting our portfolio managers directly with advisors. For French podcasts from the event, please keep an eye on our DialoguesFidelity podcast, those will be released soon. Today’s podcast brings you Adam Kramer and Scott Mensi’s session from the event, focusing on fixed income, and their fund Fidelity Tactical High Income Fund, managed alongside Ford O’Neil and Ramona Persaud. This event was a homecoming for Adam, portfolio manager, who is originally from Montreal and shares a bit about his journey that brought him to Fidelity in Boston. Among other topics he also shares how the fund is built and has had a strong process driven approach over time. Scott, institutional portfolio manager, shares the various asset classes that make up the fund, and how those have shifted over time. Please note, there were a few charts shown to the live audience during the event.

Recorded on September 24, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.