Portfolio manager Hugo Lavallée discusses how he is positioning Fidelity Greater Canada Fund and Fidelity Canadian Opportunities Fund to add value for investors, the benefits of Fidelity’s large research resources, and how he chooses which of the many companies he meets with to invest in. Hugo shares what being a contrarian investor means to him, reflects on the impact of COVID-19 on the Canadian market in 2020, and looks ahead to his 2021 Canadian market outlook. Hugo notes that it’s not only about what you own, but what you don’t own. The message he wants to make clear is that there is always something to buy, it just takes time to find it.
Recorded on December 10, 2020.