Mark Schmehl, portfolio manager, observes that things are getting better, but the real question on everyone’s mind is how quickly things will recover. For Canadian investors, Mark manages Fidelity Global Innovators® Class, Special Situations Fund, and Canadian Growth Company Fund. Mark reflects on his investments and how his funds have performed through the crisis. Mark believes a lot will change over the next 12–18 months, and he is trying to determine which companies will benefit from these changes and which ones may lose out. When speaking to management teams, he is focusing on the trends they are seeing among their customers: whether consumer behaviour generally has changed, whether there are any data that companies are finding surprising, and whether a change in customer behaviour has affected business.
Recorded on June 10, 2020.