FidelityConnects
Denise Chisholm’s sector and factor perspectives - October 14, 2021

Denise Chisholm’s sector and factor perspectives - October 14, 2021

October 21, 2021

Denise Chisholm, Director of Quantitative Market Strategy is back for another instalment of her sector watch. A reoccurring series sharing Denises’s perspectives on sectors and factors making headlines. Denise begins today’s show looking at energy. She notes energy impacts every consumer and every producer. Additionally, Denise believes we may have a long runway to higher crude oil prices rising before investors reach a tipping point reacting to these higher prices. Denise also looks at oil and gas, and possible global risks and supply shortages. Host Pamela Ritchie also asks Denise about technology and that sector goes in a rising rate environment. They also discuss financials and capital markets, gold, using disruption in a portfolio, and the ever popular topic of inflation.

Recorded on October 14, 2021.

Navigating the fixed income market with Jeff Moore - October 2021

Navigating the fixed income market with Jeff Moore - October 2021

October 20, 2021

Fixed income portfolio manager Jeff Moore is back for his monthly perspectives on the fixed income environment. Jeff looks at impending tapering from the U.S. Federal Reserve, rate hikes and the yield curve. Jeff also comments that transitory inflation is now embedded in expectations, and he believes the Fed is keeping their eye on changing expectations. Jeff manages, co-manages, or manages the fixed income sleeve of many Fidelity Canada funds, and he shares with host Pamela Ritchie how he and his team have diversified as much as possible to benefit from the multi-sector environment. This includes looking at emerging markets for opportunities and staying aware of how U.S. rate hikes could effect emerging markets countries.

Recorded on October 13, 2021.

A tactical approach to balancing income and risk - Adam Kramer and Scott Mensi

A tactical approach to balancing income and risk - Adam Kramer and Scott Mensi

October 19, 2021

Today we shine a light on balancing income and risk in fixed income investing with Adam Kramer, portfolio manager, and Scott Mensi, institutional portfolio manager. Adam and Scott share that Fidelity Tactical High Income Fund offers a flexible mandate with a full spectrum of income producing asset classes, aiming to provide a consistent yield for investors, and a cushion during periods of market volatility. Adam believes it’s the markets tendency to misprice risk, which makes it beneficial to offer a broad range of asset classes in the fund. He explains if you’re in an asset class that has too much bad news, and that bad news doesn’t happen, that is where you make money, and that is where the fund is trying to be. In addition to their investment approach, Adam and Scott also share their current market perspectives, and outlook for 2022. Scott adds that it’s beneficial to maintain a long-term approach.

Recorded on September 29, 2021.

Uncovering positive change in Canada and abroad - Mark Schmehl

Uncovering positive change in Canada and abroad - Mark Schmehl

October 18, 2021

Portfolio manager Mark Schmehl is back to discuss positive change investing, and how he uncovers opportunities in Canada, the U.S., and abroad. For Canadian investors, Mark runs Fidelity Canadian Growth Company Fund, Fidelity Special Situations Fund, and Fidelity Global Innovators Class. In speaking with host Pat Bolland, Mark shares how his portfolios are currently positioned, noting he is more heavily focused in companies that haven’t done that well and are starting to get better. Mark has repositioned with purchasing cheap resources and cyclicals, and reminds us he plays in the tails of the market, where things are changing the most. Mark comments he is paying attention to the software sector and the metaverse theme. He also shares his thoughts on biotech, electric vehicles, bitcoin and crypto, and the Fidelity research resources.

Recorded on September 29, 2021.

Jurrien Timmer’s global macro view - October 12, 2021

Jurrien Timmer’s global macro view - October 12, 2021

October 17, 2021

Director of Global Macro, Jurrien Timmer, reminds us the market only goes up 60% of the time, so having a strategy for the other 40% of the time is one of the most important things an investor can do. As he’s commented on in past shows, Jurrien also looks at inflation pressures, and actions by the U.S. Federal Reserve. Diving into earnings and P/E ratio, Jurrien shares we’re starting to see slowing earnings growth and no longer a P/E tailwind, with the market progressing from early-cycle expansion and into mid-cycle expansion. Jurrien also looks at energy, bitcoin, and host Pamela Ritchie poses an important question right now – could tensions in the Chinese markets spill out globally, and to what extent are these tensions affecting trade and supply chains? Head to @TimmerFidelity on Twitter to follow along with a few charts.

Recorded on October 12, 2021.

A comprehensive look at global markets with Tom Stevenson - October 7, 2021

A comprehensive look at global markets with Tom Stevenson - October 7, 2021

October 16, 2021

Tom Stevenson, Investment Director at Fidelity International, is back on the show for his global look at the markets. The current investment climate may feel uncertain to many investors with rising inflation, supply chain disruptions, and questions surrounding the pandemic’s ongoing impacts, as we head into the final months of 2021. Today, in speaking with host Pamela Ritchie, Tom addresses what’s on the minds of investors, including parallels to the 1970’s. Tom shares that in London, England, he’s seeing people lining up for gas, and supermarket shelves being empty of some products. Among other topics, Tom looks at the signs of inflation shifting throughout the year, how a balanced portfolio has performed over the last year and a half, and the differences in stock market performance in countries that reopened at different times.

Recorded on October 7, 2021.

Fall 2021 outlook for global real estate - Steve Buller

Fall 2021 outlook for global real estate - Steve Buller

October 15, 2021

Portfolio manager of Fidelity Global Real Estate Fund, Steve Buller, joins us today to share his outlook for global real estate and where he is finding opportunities. Inflation is on everyone’s minds, and Steve notes that inflation can be good for real estate securities overall, but the potential for rising interest rates raise some doubts. Steve shares that office demand will be disrupted by remote work in the future as flexible scheduling will impact the need for office space going forward. Steve describes a war for talent happening, where employees are choosing companies that have flexible policies, and this is impacting how companies react. Steve also unpacks what this means for cities and downtown urban centres. Looking at Steve’s current positioning he shares he’s balancing the consistent long-term growers like logistics facilities and data centres, with the reopening trade such as hotels, gaming, retail, and assisted living. One shift Steve notes is the traditional malls in the past catered towards apparel shopping but now sees an increase in leisure activities. Also, with retail logistics, stores are leasing the same amount of space as before but with less space allocated to foot traffic and more for inventory and prepping online orders.

Recorded on October 7, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_buller_07oct.pdf

Using Fidelity’s strength to uncover value and dividend opportunities - Joel Tillinghast and Ramona Persaud

Using Fidelity’s strength to uncover value and dividend opportunities - Joel Tillinghast and Ramona Persaud

October 14, 2021

Portfolio managers Joel Tillinghast and Ramona Persaud join us to discuss using Fidelity’s resources and strength to uncover opportunities in value investing and dividend investing. For Canadian investors Joel manages Fidelity Global Intrinsic Value Class alongside Salim Hart, Fidelity NorthStar Fund alongside Dan Dupont and Kyle Weaver, and Fidelity Global Growth and Value Class alongside Will Danoff. Joel first joined Fidelity in 1986 and now serves as a mentor for the next generation of investors. Host Pat Bolland asks Ramona for her perspectives on the role Joel has played for her and others both in the office and during COVID’s work-from-home. Ramona is a dividend investor who has been with Fidelity since 2003. For Canadian investors she manages U.S. Dividend Fund in addition to several private pools, and sub-portfolio manager responsibilities on many multi-asset funds including Global Monthly Income Fund. Both Joel and Ramona share their investment approaches and principles, reflect on their current positioning, and share where they are finding opportunities. They also offer their perspectives on the current market environment, different sectors valuations, U.S politics affecting the markets, and the value vs. growth discussion.

Recorded on September 29, 2021.

Investing in the future: Positioning for sustainable growth - Hugo Lavallée and Kris Atkinson

Investing in the future: Positioning for sustainable growth - Hugo Lavallée and Kris Atkinson

October 13, 2021

Portfolio managers Hugo Lavallée and Kris Atkinson join the show today to discuss Fidelity Climate Leadership suite of funds, which were launched earlier this year. The topic of the day is investing in the future. Hugo shares that climate change is very real and people are changing their day-to-day habits in response to climate change. The suite of Fidelity Climate Leadership Funds are apart of that with the funds being designed to reduce the risks and benefit from opportunities created by the global decarbonization trend. Hugo and Kris speak with host Pamela Ritchie about the research that goes into the funds, with Hugo commenting on equities and Kris on bonds. Kris notes he needs to ensure that the bonds they are selecting for the fund are in-fact having a positive impact on the climate. So leveraging Fidelity’s global research capabilities are important when making investment decisions.

Recorded on September 29, 2021.

Exclusive insights from a renowned portfolio manager - Will Danoff

Exclusive insights from a renowned portfolio manager - Will Danoff

October 12, 2021

Portfolio manager Will Danoff joins the show today. For Canadian investors, Will manages Fidelity Insights Class, and also co-manages Fidelity Global Growth and Value Class with Joel Tillinghast. U.S. investors know Will as manager of Fidelity Contrafund since 1990. Will reflects on the current positioning of Fidelity Insights Class, which remains having a focus on technology names. Insights aims to invest in “best-of-breed” firms which Will believes will offer sustained, above average earnings growth. Will discusses how the market is up significantly off the March 2020 bottom, and corporate earnings are quite high. Will notes the market right now is not cheap, but it is not necessarily expensive. He shares that in speaking with CEOs he is seeing a lot of innovation and that there is a remarkable amount of entrepreneurial spirit out there. Will looks at inflation, the types of companies he stays away from, and shares his observations about his industry.

Recorded on October 5, 2021.

Factors in focus: Fall outlook - Étienne Joncas-Bouchard and Himesh Patel

Factors in focus: Fall outlook - Étienne Joncas-Bouchard and Himesh Patel

October 11, 2021

Fidelity ETF strategists Étienne Joncas-Bouchard and Himesh Patel share a discussion with host Pamela Ritchie on equity ETFs, the various factors at play and how Fidelity All-in-One ETFs are positioned. Himesh explains that we haven’t seen inflation over the last few decades, and he thinks it will be one of the biggest themes we’ll continue talking about for many years. Étienne reflects on factors that perform well during times of inflation. He also discusses the Fidelity All-in-One ETFs and how they are positioned, noting that all-in-one, multi-asset solutions have been very in demand this year with momentum starting to build from a flows standpoint last year. Étienne and Himesh promote that a diversified approach can help combat market volatility. This is also reinforced by looking at the market action over the last few weeks and the growth vs. value fight that’s been happening for a while. For more from Étienne and Himesh, you can listen to their podcast “The Fidelity ETF Exchange”, posted monthly on this FidelityConnects channel.

Recorded on October 1, 2021.

Fidelity ClearPath® Portfolios: From roll down to asset allocation - Ruthann Pritchard and Bruno Crocco

Fidelity ClearPath® Portfolios: From roll down to asset allocation - Ruthann Pritchard and Bruno Crocco

October 9, 2021

Fidelity ClearPath Portfolios automatically adjust their investment mix for your time horizon, making you less vulnerable to market swings as you approach your goal. The farther way from your goal, the more stocks your Portfolio will hold for growth. The closer you get to your goal, the more bonds and cash your Portfolio will hold to preserve gains and generate income. Bruno Crocco, Portfolio Manager, and Ruthann Pritchard, Institutional Portfolio Manager join the show today for a discussion on Fidelity’s ClearPath suite of products. Bruno and Ruthann discuss the investment thesis of the ClearPath funds, and the mechanics of the roll down strategy. Which Ruthann shares is a glidepath based approach with these portfolios become more diversified and conservative over time as they reach their target date. These funds use active management and Fidelity’s top managers as building blocks and today Bruno and Ruthann expand on how the funds are positioned currently, how they will combat inflation, and how the funds are supported by Fidelity’s global resources.

Recorded on September 30, 2021.

Jurrien Timmer’s global macro view - October 4, 2021

Jurrien Timmer’s global macro view - October 4, 2021

October 8, 2021

Jurrien Timmer, Director of Global Macro, joins us again for his regular look at the markets. Today, Jurrien and host Pamela Ritchie look at where we are in the markets and what trends Jurrien is seeing. Jurrien also comments on what the U.S. Federal Reserve is watching in the markets, and he’ll dive into unemployment numbers in the United States. Jurrien also looks at the Federal Reserve tapering, shares issuance, gives his insights on oil and gas, and looks at flows into money market funds, bonds, and equities. Head to @TimmerFidelity on Twitter to follow along with a few charts.

Recorded on October 4, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_timmer_04oct.pdf

Sectors and themes shaping 2022 and beyond - Christopher Lee and Denise Chisholm

Sectors and themes shaping 2022 and beyond - Christopher Lee and Denise Chisholm

October 7, 2021

Joining host Pamela Ritchie for a thorough discussion on the sectors and themes shaping 2022 and beyond is Denise Chisholm, Director of Quantitative Market Strategy, and Christopher Lee, Portfolio Manager. Denise explains why we have to understand what thematic investing is, to better understand the potential for disruption in the markets. Denise also shares what lessons have been learned from 2020, 2021, and throughout the past using historical probability. Chris introduces the new Fidelity Disruptors™ Class and Disruptive™ Automation Class, two global equity strategies which are designed to invest in innovative business models, emerging industries and technologies that the portfolio manager team believes have the potential to disrupt or displace incumbents over time. Chris also expands on the collaborative approach to idea generation for the funds. Denise and Chris also look at the theme of automation, how individual companies progress towards maintaining disruption is monitored and what are some of the quant determinants of a disruptive company.

Recorded on September 29, 2021.

Finding quality at a reasonable price - Patrice Quirion

Finding quality at a reasonable price - Patrice Quirion

October 6, 2021

Portfolio manager Patrice Quirion is focused on finding growth at a reasonable price. This means looking for good companies that might have been overlooked. This approach results in Patrice building Fidelity Global Concentrated Equity Fund and International Concentrated Equity Fund with three categories - quality growth, quality defensive and quality cyclical. He believes most of his opportunities will come from quality cyclical stocks. Patrice reflects on the last 18 months since the March 2020 correction, sharing that markets have bounced back strongly, evaluations are moving up, earnings estimates reflect a better future, and large amounts of liquidity have been put into the system resulting in some parts of the market being more profitable. As someone who looks globally for opportunities, Patrice shares which geographic sectors are a current focus, including exposure to emerging markets. He’ll also speak to inflation and interest rates, ESG in his portfolio, and market reactions and psychology, among other topics.

Recorded on September 29, 2021.

Highlighting dividend investing - Don Newman

Highlighting dividend investing - Don Newman

October 5, 2021

Dividends are focus today with portfolio manager Don Newman. Don explains his investment process to host Pat Bolland, noting he is trying find good companies at reasonable prices that will maintain and grow dividends over time. He also looks to leverage Fidelity’s research process in finding these companies. Don examines the current inflationary landscape, and shares what he is keeping an eye on from a macro perspective. Don also explains the differences between Fidelity Dividend Fund and Fidelity Dividend Plus Fund. Don will be appearing on our live public webcast series The Upside on Thursday October 21st. If you’d like to learn more about dividend investing and participate in a Q&A with Don, you can register at fidelity.ca > Investor Education > The Upside

Recorded on September 29, 2021.

What’s in store for emerging markets? - Sam Polyak

What’s in store for emerging markets? - Sam Polyak

October 4, 2021

Portfolio manager Sam Polyak joins host Pamela Ritchie for a discussion on emerging markets. For Canadian investors, Sam manages Fidelity Emerging Markets Fund, and takes a “growth at a reasonable price” approach. Sam shares that Brazil, India and Indonesia had a tough time with COVID but now has higher vaccination rates. Investment opportunities are being created by people in those countries staying at home less, traveling more, and spending more. Among other topics, Sam and Pamela also look at investing in China, which includes certain domestic companies performing well of late, and a current trend of premiumization in China. Sam notes that emerging markets are a good place for U.S. and Canadian investors to diversify grow at different speeds and cycles from developed countries.

Recorded on September 29, 2021.

Jurrien Timmer’s global macro view - September 27, 2021

Jurrien Timmer’s global macro view - September 27, 2021

October 2, 2021

Jurrien Timmer, Director of Global Macro, is back for his regular look at global markets and macro developments. Today, Jurrien looks at recent movements in the market spurred by developments in China. He will also unpack the seasonal wobble that historically calls for a market peak in the first week of September before some volatility. Jurrien also discusses how much of an impact the U.S. presidential cycle may have on the markets, as well as looking at emerging markets, crypto, and tapering by the U.S. Fed. Follow along with Jurrien’s slides by visiting @TimmerFidelity on Twitter.

Recorded on September 27, 2021.

Current global consumer trends - Aneta Wynimko

Current global consumer trends - Aneta Wynimko

October 1, 2021

The global consumer landscape has changed dramatically over the last year-and-a-half. Online shopping, grocery delivery, and streaming services, for instance, soared during the pandemic, but with many major economies now reopening, consumer trends are evolving as more people choose to spend their money on entertainment and leisure travel. Portfolio manager Aneta Wynimko discusses this new global consumer landscape, where consumer spending is taking place and how it is evolving as economies continue to reopen. Aneta manages Fidelity Global Consumer Industries Fund and joins us today from London, England. Aneta also looks at current trends in terms of values, lifestyles, preferences, and savings. She shares that the middle class in China has been growing and continuing to grow. Aneta also discusses the growing trend globally away from “fast fashion” instead with a focus on high quality clothing that can be owned longer or resold.

Recorded on September 24, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_wynimko_24sept.pdf

The Fidelity ETF Exchange: Alternatives 101 with strategist Rory Poole

The Fidelity ETF Exchange: Alternatives 101 with strategist Rory Poole

September 30, 2021

In the 22nd episode of the Fidelity ETF Exchange - powered by FidelityConnects, co-hosts Étienne Joncas Bouchard and Himesh Patel welcomed Rory Poole to the show. Rory is an Alternatives Strategist at Fidelity Investments Canada. In today’s discussion, our panel along with our guest, took the time to explore the different types of Alternative strategies that exist in the Canadian market place, what role they can play in a portfolio, as well as the potential for growth of Alternative strategies in the ETF space.

Recorded on September 23, 2021.