Portfolio manager Dan Dupont has a positive outlook and is excited about the upside potential of large-cap stocks over the next few years. Dan manages all or portions of Fidelity Canadian Large Cap Fund, NorthStar, Monthly Income and Income Allocation. Dan notes that for Fidelity Canadian Large Cap Fund, he is seeing more opportunity in Canada than he has in the last five to eight years, and has increased allocations to oil and gas, and to banks, which had good book value back in March, and whose long-term success, he believes, will outweigh any upcoming short-term volatility. The foundation of the Fund, however, is largely made up of consumer staples and tech companies, which helps manage volatility.
Recorded on June 2, 2020.