Portfolio manager Steve DuFour speaks about his outlook on U.S. equities, the state of the U.S. markets and what lessons can be drawn from the 2016 Presidential Election. As an industry veteran and manager of the Fidelity U.S. Focused Stock Fund, Steve explains how he is upgrading his portfolio for investors. He says healthcare and tele-medicine have seen lots of positive trends, as well as 5G and our ability to connect and consume products. He also says with COVID-19, those themes have been exacerbated and accelerated which has been helpful to those themes in the fund. Steve also touches upon ESG and says the dominion for good ESG data is growing rapidly. He speaks to CEOs and CFOs who have a mental picture of what their income statements will look like years from now. And for him the environmental and governance factors are what he focuses on.
Recorded on August 19, 2020.