An update on Fidelity Canadian Large Cap Fund – Dan Dupont

Today on the show, long time portfolio manager Dan Dupont joins the program to discuss his current investment strategy, gives an update on Canadian Large Cap Fund, and where he’s seeing opportunities in 2024. He says the concentration in his fund is primarily focused in the tech sector, especially in the Magnificent 7, which is trading at historically high levels. He’s also shifting his investment strategy towards overlooked areas like large cap, healthcare, staples, and Chinese markets. But he adds he’s cautiously investing in China due to significantly reduced valuations compared to the past. He’s also looking at investment opportunities in Japan, South Korea, and other regions. With Canadian Large Cap fund, he says the fund tends to excel during periods of volatility, showcasing its ability to weather downturns effectively. To add to this, historically, the large cap fund has demonstrated a downside capture averaging around 34 to 35%, indicating relatively low susceptibility to market downturns. 

 

Recorded on February 21, 2024.

 

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