Institutional portfolio manager Naveed Rahman takes a close look at the companies and industries weathering ongoing unpredictability, opportunities for investors in the second half of the year and his global market outlook. Naveed works alongside Joel Tillinghast and Salim Hart on Fidelity Global Intrinsic Value Class, and he notes they are finding Japan to be an area of opportunity of late. They are also interested in utilities right now, which are trading at a discount, because interest rates are falling. Reflecting on the stimulus packages in the United States, Naveed explains there has been $5 trillion in stimulus in the U.S. so far. But, he believes further stimulus is necessary, because the virus has not been contained. He thinks politicians will do what’s right from an economic perspective, once all other options have been exhausted.
Recorded on August 13, 2020.