Regardless of the increased availability of vaccines, the COVID situation improves in some countries while simultaneously worsening in others. In this episode, Sam Polyak, portfolio manager of Fidelity Emerging Markets Fund, takes us through emerging markets across the world and shares some potential opportunities and blind spots. Sam believes that the U.S. dollar could weaken in the next 3 to 5 years. He explains how this could strengthen the Canadian dollar as well as emerging markets. Sam describes the themes for emerging markets such as Asia, Latin America, and Europe, the Middle East, and Africa (EMEA). He notes that with the growth of innovative companies in Asia, it now makes up 80% of EM. Despite the tragic COVID situation in India, Sam believes it is a place to be excited about for investing over the next three to five years. He also shares his opinions on vaccine passports and discusses sectors he avoids.
Recorded on May 4, 2021.