Finding value around the world – Salim Hart and Naveed Rahman

Today on the show, we welcome Portfolio Manager Salim Hart and Institutional Portfolio Manager Naveed Rahman. They provide a comprehensive discussion of value investing strategies in today’s markets and where they are finding new opportunities globally. Salim and Naveed discuss the importance of macro-economic factors and interest rates. While prolonged periods of low interest rates can somewhat affect investor perceptions, current rates are closer to long-term historical averages than the recent lows. Both stock level and top-down analyses indicate a belief in higher inflation and interest rates, demonstrating the value of implementing macro-economic considerations in investment strategies. Current reports show that a lot of people are investing solely in cash, which Salim and Naveed agree comes with significant long-term risks such as the effects of inflation on wealth over time. They discuss the benefits of their more diversified approach that combines attractive returns with lower volatility, which has outperformed 97% of peers across several years prior. This was measured through a risk-adjusted basis, which demonstrates the approach’s strong performance relative to the level of risk taken.

 

Recorded on February 23^rd, 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 the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.