FidelityConnects

FOCUS 2024: Thinking big with small caps – Connor Gordon

On April 18th and April 19th, Fidelity Investments Canada hosted FOCUS 2024, a two-day event for advisors, featuring insights from Fidelity’s portfolio managers and subject matter experts. Today’s podcast features portfolio manager Connor Gordon who co-manages Fidelity’s Global Small Cap Opportunities Fund with Chris Maludzinski. Connor sits down with host Pat Bolland to discuss the fund which launched in 2022. We’ll hear how the fund is managed, how it applies a “go anywhere” approach and seeks the best investment opportunities around the world and is not confined to any specific regions. Connor adds strong security selection is his primary asset in his arsenal and elaborates on the process and how he picks and views stocks.

Recorded on April 18, 2024

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

Fund Update: Fidelity Sustainable World ETF – Anna Lester and Mike Hagopian

A green economy has become a priority for governments and companies around the world, and investors are listening. As people look for ways to be more sustainable in their everyday lives, sustainable investing is becoming an increasingly important factor to many. Joining the show today are Portfolio Manager Anna Lester and Institutional Portfolio Manager Mike Hagopian, for a look at their sustainable investing methodology, and for an update on the Fidelity Sustainable World ETF and mutual fund. Anna and Mike discuss the evolving regulatory landscape and how it relates to ESG investing, the significance of incorporating scope 3 emissions data, the use of AI and machine learning in sustainable stock selection, and the importance of factors like governance in sustainability evaluations. They give us a look at how they apply their sustainability criteria for stock selection to align investors' ESG values with their financial goals.

 

Recorded on April 23rd, 2024

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

FOCUS 2024: Leveraging the full scope of research for Fidelity Canadian Long/Short Alternative Fund – Andrew Marchese and Reetu Kumra

On April 18th and April 19th, Fidelity Investments Canada hosted FOCUS 2024, a two-day event for advisors, featuring insights from Fidelity’s portfolio managers and subject matter experts. For today’s podcast, we’re bringing you a discussion from this event, featuring portfolio manager and CIO Andrew Marchese and portfolio manager Reetu Kumra who both sat down with host Glen Davdison. Today we’ll hear how the fund is managed, how it complements other Fidelity alternative funds, and how it harnesses the power and depth of our research team. Reetu notes the fund essentially goes long on buy-rated names and goes short on sell-rated stocks. Andrew adds our research analysts are very good at picking out stocks that we don’t want to own, but he says in most situations those stocks could eventually hold much opportunity.

Recorded on April 19, 2024

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

Jurrien Timmer's global macro view – April 29, 2024

Fidelity Director of Global Macro, Jurrien Timmer, is back on the show today to discuss various aspects of the current market landscape and keep you up to date with the economic factors at play. Jurrien and host Pamela Ritchie have a conversation about the importance of earnings and interest rates in shaping market dynamics, with Jurrien highlighting positive trends in earnings growth and potential headwinds from rising bond yields. He notes that despite recent geopolitical tensions, the markets have stabilized, with earnings season well underway and interest rates remaining relatively calm. Jurrien also delves into sentiment indicators like investor surveys, and how they can be used to gauge market sentiment. He explores the potential for a cyclical bull market in commodities and offers insights into the near-term outlook for the economy. 

 

Recorded on April 29th, 2024.

 

Today’s podcast is brought to you by the 2024 Fidelity Retirement Report. For the past 19 years, we have delivered the Fidelity retirement report to provide insights and perspectives that can help you feel better prepared for your retirement, whatever that may look like. This year’s report explores how the rising cost of living is factoring into Canadians’ retirement plans and preparedness. Canadians are still positive about retirement, despite the current economic challenges. Considering these challenges, those with a written retirement plan and those who work with a financial advisor to build their savings are more likely to feel prepared. Head to go.fidelity.ca/retirement to receive the report and insights on how you can better prepare for retirement.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

FOCUS 2024: An alternative perspective – David Way

On April 18 and 19 Fidelity Investments Canada hosted FOCUS 2024, a two-day event for advisors, featuring insights from Fidelity’s portfolio managers and subject matter experts. Portfolio manager David Way's session from FOCUS is today's podcast. Dave was originally hired in 2008 as a research analyst, then in 2020, now as a portfolio manager, his Fidelity Long/Short Alternative Fund was launched. Today Dave sits down with host Pat Bolland to explain how he is finding the winners and capitalizing on potential losers, in this in this fund that seeks to capture alternative sources of alpha.

Recorded on April 18, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

FOCUS 2024: Taking advantage of positive change – Mark Schmehl

On April 18 and 19 Fidelity Investments Canada hosted FOCUS 2024, a two-day event for advisors, featuring insights from Fidelity’s portfolio managers and subject matter experts. Today’s Fidelity Connects podcast brings you portfolio manager Mark Schmehl’s session from the event. Mark, a Fidelity veteran, manages Fidelity Global Innovators Class, Special Situations Fund, Canadian Growth Company, among others. He sits down for a nearly 1-hour discussion with moderator Agnes Doherty to share his current thoughts on the market and areas of interest, including some highlights of a recent research trip overseas.

Recorded on April 19, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

FOCUS 2024: Q2 Global asset allocation outlook – David Wolf, David Tulk, Ilan Kolet

On April 18 and 19 Fidelity Investments Canada hosted FOCUS 2024, a two-day event for advisors, featuring insights from Fidelity’s portfolio managers and subject matter experts. Today’s podcast is our Global Asset Allocation team’s session from the event, with host Pat Bolland sitting down with portfolio managers David Wolf, David Tulk, and institutional portfolio manager Ilan Kolet. The team currently manages over $84B on behalf of Canadian investors, and today they’ll share more about their process, how they are currently positioned including overweights and underweights, where they are adding value, and more.

Recorded on April 19, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

Analyst perspectives: Global energy markets – Lulu Xiong and Jin Hwang

Today on the show, we welcome Equity Research Analysts Lulu Xiong and Jin Hwang. They provide a global tour of energy markets, including a discussion on tailwinds and headwinds for energy companies today. Jin claims that there is currently a substantial fear regarding OPEC due to a large amount “sitting on the sidelines”. Its producers may be inclined to increase production however due to the recent major increases in oil prices. Oil prices were fundamentally driven at the start of 2024, although over the last couple of months we’ve seen an uptick primarily due to a risk premium aspect. The current prices are sitting well above the marginal cost of production, which will eventually lead to a correctional response.  In regards to Capital Expenditures, there is only a finite amount of tier one economic resource. The transition into the second phase of resources could potentially begin before the decade is finished, and this is when CAPEX budgets will begin creeping in and the need for rebuilding will become paramount.

  

Recorded on April 12^th, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

FOCUS 2024: Dividend investing and downside protection – Ramona Persaud

On April 18 and 19 Fidelity Investments Canada hosted FOCUS 2024, a two-day event for advisors, featuring insights from Fidelity’s portfolio managers and subject matter experts. For today’s podcast, we’re bringing you a discussion from this event, featuring portfolio manager Ramona Persaud, sitting down with host Glen Davidson. Ramona manages several dividend strategies including Fidelity U.S. Dividend Fund, and Tactical High Income Fund, among others. Morningstar has described Ramona as quote “she never rests on her laurels; instead, her drive to improve paired with the analytical rigor she applies to her process have led to continued excellence”. We’ll hear today how Ramona manages her several dividend strategies with a continued focus on downside protection.

Recorded on April 18, 2024

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

Q2 2024 dividend investing outlook – Don Newman

Today on the show, we welcome dividend investor Don Newman. Don gives an update on the dividend landscape noting that dividends are currently thriving in the economy and where he sees them heading in the next few months. Don notes stability in the economy has led to most companies being in good financial standing. Interest rates remain sticky plus the number of expected rate cuts have reduced leading to a more favourable market sentiment. Don suggests this has also led to a Goldilocks scenario where the economy remains stable, inflation decreases slightly, and the stock market benefits. He adds historically low interest rates have punished savers, forcing them into riskier investments for higher returns. However, dividend stocks remain attractive, especially during rate cuts, as their yields remain stable or even increase over time.  As rates decrease, dividend yields become comparatively more attractive than other investment options. Don says this trend is expected to continue, making dividend stocks a promising choice for investors.

 

Recorded on April 9, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

Jurrien Timmer's global macro view – April 22, 2024

Jurrien Timmer, Fidelity's Director of Global Macro, is back on the show today to discuss the current state of the markets and the economic factors affecting them. Jurrien points out that while markets frequently experience drawdowns, it's important to see these movements in context. For example, the S&P 500's recent 6% drop follows a significant rally. He speaks to the role of rising interest rates and their impact on market dynamics, highlighting a shift in the stock-to-bond correlation from negative to positive, which historically indicates less favorable conditions for equities. He also addresses the shift in investor expectations regarding the Fed's policies, noting the resilience of the economy despite high rates and persistent inflation, which suggests that the current monetary policy might be less restrictive than it appears. He also elaborates on the implications of earnings forecasts, particularly for big tech companies, suggesting that these firms are less sensitive to rate fluctuations due to their substantial cash reserves. He also suggests that while the equity market has shown signs of broadening, investors should maintain a long-term perspective despite potential short-term declines.

 

Recorded on April 22nd, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

Growth Opportunities: U.S. Equities in Focus – Kyle Weaver

Today on the show, we welcome Portfolio Manager Kyle Weaver. He provides an update on where he is finding growth investment opportunities in U.S. equity markets. Kyle discusses the early recognition of AI potential and its diverse applications, including coding languages and its various generative capabilities. Kyle explains his strategy of balancing growth and value, stating that the best way to find value is through identifying growth stocks that are undervalued over time. The investment approach utilizes a spectrum of targets, including growth stocks, index-based growth companies, and out-of-benchmark value stocks. The key metric is free cash flow per share growth, which is considered a fundamental indicator of a company’s future value within the strategy. This demonstrates its importance alongside traditional top-line growth metrics.

  

Recorded on April 4^th, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

ETF Investing Strategies for the Second Quarter – Étienne Joncas-Bouchard

ETF strategist Étienne Joncas-Bouchard joins the show today to discuss the latest trends in the ETF industry. Étienne notes Canada's innovation in ETFs, including offerings like crypto, and how his team stays ahead by reacting to market changes. He discusses factors like quality and momentum when it comes to navigating market cycles, alongside the role of All-In-One ETFs in providing diversified exposure. He also explains the inclusion of Bitcoin in ETF portfolios, highlighting that this is a strategic decision based on diversification benefits and risk-adjusted returns. The conversation also touches on the blurring lines between active and passive management within ETFs, the emergence of factor-based strategies, and the structure, asset allocation, and rebalancing mechanisms of Fidelity's All-In-One ETF portfolios. Overall, he emphasizes the dynamic nature of ETFs and the importance of strategic allocation in a changing market landscape.

 

Recorded on April 3rd, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

Behind the numbers: How did small-cap portfolio manager Connor Gordon get into investing?

On today’s podcast, we’re bringing you another installment of our “Behind the Numbers” series, featuring portfolio manager Connor Gordon. In “Behind the Numbers”, Chris Pepper, VP, Corporate Affairs, speaks with Fidelity’s portfolio managers, analysts, subject matter experts, and more, about what brought them into investing and what drives them every day. Today Connor shares his story of what first got him interested in investing, which lead to 15 years now with Fidelity, including managing Fidelity Global Small Cap Opportunities Fund since September 2022, alongside Chris Maludzinski.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

Factors driving the bitcoin and digital currencies conversations – Andrew Clee

On today’s show we’re unpacking the various factors driving the bitcoin and digital currencies conversation. Sitting down with host Pamela Ritchie is Andrew Clee, VP Product, as he discusses recent trends in digital currencies, the different players in the market and regulatory changes that could have implications for the asset class, and what this could mean for investors. Looking at bitcoin specifically we’ve seen new highs this year, but historically volatility as well. From early adopters, to hodlers, to retail and more, there is a lot to unpack today.

Recorded on April 2, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

 

 

Under Construction: Building Resilient Client Portfolios – Paul Ma

Today on the program, we welcome back Paul Ma, Vice president and lead portfolio strategist. He talks about where we are in the business cycle and what this means for portfolio construction. Paul comments on a running theme in the markets right now that he says is the “fear of missing out.” He believes investors will look back on the market last year where US equities were up 26 percent and not want to miss on that this year. He says inflows are now into equity.  If investors have missed out on a previous rally, clients are more willing to put forth their money because they do not want to miss out again.  He adds people are getting more comfortable with the fact that the Fed wants to cut rates. The key thing now is not how many times the Fed will cut, but that they are at a point of pausing, which indicates they are soon ready to cut. Paul says this makes it a great time to invest. Paul says the recession numbers are slightly above consensus. Therefore, quality is a better option right now than growth. The market right now is in a good place, where GDP is around 2% and inflation around 3, so until inflation changes, quality is the better choice. 

 

Recorded on April 2, 2024.  

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

Denise Chisholm's sector and factor perspectives – March 28, 2024

Today on the show, we welcome Director of Quantitative Market Strategy Denise Chisholm. She brings her unique insights and perspectives on the sectors to watch in the global markets. Denise talks about the recent Baltimore Key Bridge Collapse may not be as significant as perceived in news headlines, despite the severity of the incident. For instance, while Baltimore has been a significant port for auto deliveries, most auto imports come from Mexico and Canada with available alternative ports in addition to that. Overall, this downplays the potential inflationary or economic growth impacts that are being speculated, estimating a relatively small effect on GDP growth. Denise also assesses current opportunities that she has found with regional banks, large banks, capital markets and brokers all showing considerable strength, apart from insurance companies. There is a bit more concern surrounding commercial real estate especially in terms of office exposure, although the risk-reward ratio might still turn out positive. Despite the changes in this sector, there are also potential opportunities in real estate ETFs.

Recorded on March 28, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

What the 2024 federal budget means for Canadians – Peter Bowen, Andrew Clee, David Herle and Kory Teneycke

Today we bring you a special extended episode of Fidelity Connects, focusing on the 2024 federal budget, released on April 16. We are featuring a panel of experts to break down the economic, tax, and political implications of the 2024 federal budget and what it all means for Canadians and their finances. Host Pamela Ritchie leads the discussion and is joined by Peter Bowen, Fidelity’s Tax and Retirement expert, fresh from the Ottawa budget lock-up. Andrew Clee, Fidelity VP Product, provides insights on what the budget means for the markets and the economy. Also joining us today is David Herle, a former top advisor to Prime Minister Paul Martin, among others, and is a Principal Partner at the prominent research firm, The Gandalf Group. As well as Kory Teneycke, who is a former director of communications to Prime Minister Harper and is a Co-founder and CEO of Rubcion Strategy, a full-service public affairs company.

Recorded on April 17, 2024.

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

Jurrien Timmer's global macro view – April 15, 2024

We’re joined again today by Director of Global Macro, Jurrien Timmer, for his global macro perspectives of the markets. He breaks down with the latest geopolitical tensions in the Middle East could mean on economies and why it’s important to have a investment plan and stick with it. Jurrien says consumer consumption remains strong even with geopolitical tensions rising. He says even though news headlines could make people nervous, he says in terms of your investments, you must remain unemotional and disciplined. Stick to the fundamentals and focus on rebalancing. Jurrien adds the market is down 2.4% the equal weighted index is down 3%, so in times like these, a diversified 60/40 portfolio will help if the stock market becomes wobbly. He also notes periods of volatility in the markets could indicate a opportune time to rebalance and move things around. As per usual Jurrien will be sharing some charts so please head to @TimmerFidelity on Twitter to follow along. 

  

Recorded on April 15, 2024 

 

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.

Building blocks: Industrials and materials – Claire Fleming and Robert Reynolds

Today on the show, we welcome equity research analysts Robert Reynolds and Claire Fleming. They break down what’s shaping the industrials and materials sectors, and what’s on their radar as we head into the second quarter. Robert and Claire provide an update on the copper supply story, explaining that there have been significant changes in the outlook since November of last year. Concerns were previously focused on how higher interest rates might impact demand in areas such as renewables and electric vehicles, although the biggest change has been in the supply outlook. This has caused challenges to sprout across the globe, which could eventually impact benchmark commodity prices. In regards to the materials sector, Claire and Robert cover a wide range of industries such as copper miners, forest products, coal, and chemicals companies. The packaging sector in particular has recently undergone changes that are independent of consumer behaviour. They add consumer Packaged Goods companies are refocusing on volume growth as inflation-driven pricing growth starts to fade away.

Recorded on March 22^nd, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.