FidelityConnects

ETF strategies and opportunities – Vince Kraljevic and Raghav Mehta

On the program today, Fidelity ETF Strategists, Vince Kraljevic and Raghav Mehta.  From active, factor based, fixed income, sustainable investments to digital assets, Fidelity offers a mix of ETFs for various investment styles and time horizons. Vince and Raghav discuss ETF inflows, Fidelity’s Fixed Income ETF line-up, Bitcoin diversification and much more. They go into recent market trends and data affecting fixed income markets. They say Canada sees interest in shorter duration products, while the US experiences record-breaking flows into bonds.  Despite meeting expectations, inflation components suggest interest in adding duration for yield advantages. They add despite PCE inflation numbers meeting consensus expectations, certain components like shelter costs and services have seen an uptick, suggesting that rate hikes may not be over. This has led to investors showing interest in adding duration to their fixed income portfolios for potentially higher yields. Vince and Raghav discuss bitcoin allocation and diversification. They say Inclusion of Bitcoin aims to enhance diversification and improve risk-return profiles. They add careful position sizing mitigates risk, ensuring balanced portfolio construction. They also discuss equity market dynamics and its implications, inflows and asset allocation.

 

Recorded on March 1, 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.

Fidelity managed portfolio for RRSPs – David Wolf

Today on the show, we welcome Portfolio Manager David Wolf. He provides insights on how the Global Asset Allocation team is positioning Fidelity Managed Portfolios for the year ahead, and why advisors should consider including them in client RRSPs. David explains that global asset allocation decisions for portfolios involve a top-down approach that is primarily focused on growth, inflation, policy, supply and demand. David explains supply is significantly more challenging to measure than the amount of demand present, and the models that Canadian consumers have been relying on continuously underestimate the capacity of America’s economy. David also discusses interest rates and how the timing and magnitude of rate cuts by central banks are determined. Rate cut periods usually fall under one of two scenarios; either the economy experiences a soft landing with gradual rate cuts, or the central bank is forced to cut them more aggressively due to increased economic deterioration. David adds while the Federal Reserve in the US may have the freedom to cut rates by choice, the Bank of Canada may be compelled to do so out of necessity to stimulate its economy.

  

Recorded on February 27^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.

Timmer Time: What are you most excited about? – Jurrien Timmer

On a recent podcast we heard from Jurrien Timmer, Director of Global Macro, for his five things you need to know right now. Today we’re pleased to present bonus "Timmer Time content", diving into a few more topics on Jurrien’s mind. Make to sure to subscribe to FidelityConnects to not miss any upcoming episodes. Jurrien’s weekly look at the markets returns soon, alongside daily content from Fidelity’s portfolio managers, thought leaders, subject-matter experts, and special guests.

Recorded on February 1, 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.

Fixed income now – Jeff Moore and Stace Ware

Today we’re bringing you a conversation from Fidelity Canada’s Vision 2024 event in Toronto. Vision offers insights from our portfolio managers and investment experts and provides their comments on the current market environment, Fidelity’s investment process, and our global research network operation. The following conversation is with our fixed income team made up of portfolio manager Jeff Moore and quantitative analyst Stacie Ware. They discuss the fixed income outlook for 2024 and where they are seeing trends and opportunities.

Recorded on January 31, 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.

 

Finding opportunities in small caps with portfolio manangers – Chris Maludzinski and Connor Gordon

Today on the show, we welcome Portfolio Managers Chris Maludzinski and Connor Gordon. They provide an update on Fidelity Global Small Cap Opportunities Fund and the benefits of adding small-cap equity exposure to clients’ portfolios. Chris and Connor describe the Global Small Cap Opportunities Fund as having a “go anywhere” approach, seeking the best investment opportunities around the world and not confined to any specific regions. The strategy is entirely bottom-up and focuses on security selection, leveraging the expertise of over 100 analysts globally to incorporate the best ideas into the fund. They add by identifying inflection points within high-quality companies, the strategy can provide a unique perspective on the future of the market.  They explain the primary objective of investing in small-cap stocks is that they will grow into large-cap stocks over time. There is no strict limit or requirement to sell if a small-cap stock reaches the upper end of the market cap threshold, which allows flexibility to continue holding successful companies.

 

The podcast was recorded on February 28^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.

Timmer Time: Five things you need to know right now – Jurrien Timmer

On today’s show it’s “Timmer Time” and we’re bringing you the five things investors need to know in the first quarter of 2024, looking to the rest of the year ahead. Director of Global Macro, Jurrien Timmer, joins us to present these topics, which include an eye on the U.S. Federal Reserve, and if there is a potential market impact from the upcoming U.S. election.

Recorded on February 1, 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.

Why you need to pay attention to AI now – Matt Twigg

Joining us on the program today is Fidelity Senior Manager of Fidelity Labs, Matt Twigg. Matt provides a look into the latest A-I and tech innovations making noise around the globe and what AI products Fidelity is currently involved with. Matt explains how Fidelity is in the middle of an “early access” program with Microsoft. It’s a co-pilot 365, which has all the abilities of ChatGPT embedded into the Microsoft Office Suite. He says it is currently being tested by approximatively 300 people across the organization.  Recent reports say the number one industry that could be affected by Artificial intelligence is financial services. Impacts include augmentation, job offloading to AI, and helping us get better at our jobs, not necessarily replacing us. Research shows that people can be much more productive, much more effective, and produce less errors by working with AI.

 

Recorded on February 22, 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.

Finding value around the world – Salim Hart and Naveed Rahman

Today on the show, we welcome Portfolio Manager Salim Hart and Institutional Portfolio Manager Naveed Rahman. They provide a comprehensive discussion of value investing strategies in today’s markets and where they are finding new opportunities globally. Salim and Naveed discuss the importance of macro-economic factors and interest rates. While prolonged periods of low interest rates can somewhat affect investor perceptions, current rates are closer to long-term historical averages than the recent lows. Both stock level and top-down analyses indicate a belief in higher inflation and interest rates, demonstrating the value of implementing macro-economic considerations in investment strategies. Current reports show that a lot of people are investing solely in cash, which Salim and Naveed agree comes with significant long-term risks such as the effects of inflation on wealth over time. They discuss the benefits of their more diversified approach that combines attractive returns with lower volatility, which has outperformed 97% of peers across several years prior. This was measured through a risk-adjusted basis, which demonstrates the approach’s strong performance relative to the level of risk taken.

 

Recorded on February 23^rd, 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: One-on-one with Ramona Persaud

For today’s podcast, we’re excited to bring you an episode of our new “Behind the Numbers” series. 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. In this episode, Chris speaks with Boston-based Fidelity portfolio manager Ramona Persaud, who was born in New York City and jokes that she had to choose between fashion or finance.

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 – March 11, 2024

Today on the show, Director of Global Macro Jurrien Timmer  covers recent market trends, Q4, earnings, P/E ratios and the Fed. In terms of a soft landing, inflation and the Fed Jurrien explains the market has been betting on a soft landing, and so far, this has been correct. And he adds several pillars support the soft-landing thesis.  During COVID, the labor market tightened significantly, with job openings outweighing job seekers at historic levels. Despite a subsequent softening in labor market conditions, the drawdown in excess labor demand has not led to a recession. This drawdown, combined with a decrease in inflation, allows for an economic softening without a recession. Jurrien says despite the influence of inflation, the fundamentals remain solid, indicating overall resilience in the market. In the US, wage growth now surpasses inflation, which is a positive development for consumers. Jurrien also speaks about Bitcoin and gold saying that he doesn’t believe the bitcoin rally will continue but does see it a viable asset in the long-term. As always, Jurrien shares his charts so please go to @TimmerFidelity on Twitter to follow along. And don’t forget Fidelity Canada’s VP of Product Andrew Clee will be back for his second Reddit AMA talking all about bitcoin and his thoughts on the markets. Submit your questions by March 20^th and Andrew will answer them on March 21^st.

 

Recorded on March 11, 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.

An update on Fidelity Canadian Large Cap Fund – Dan Dupont

Today on the show, long time portfolio manager Dan Dupont joins the program to discuss his current investment strategy, gives an update on Canadian Large Cap Fund, and where he’s seeing opportunities in 2024. He says the concentration in his fund is primarily focused in the tech sector, especially in the Magnificent 7, which is trading at historically high levels. He’s also shifting his investment strategy towards overlooked areas like large cap, healthcare, staples, and Chinese markets. But he adds he’s cautiously investing in China due to significantly reduced valuations compared to the past. He’s also looking at investment opportunities in Japan, South Korea, and other regions. With Canadian Large Cap fund, he says the fund tends to excel during periods of volatility, showcasing its ability to weather downturns effectively. To add to this, historically, the large cap fund has demonstrated a downside capture averaging around 34 to 35%, indicating relatively low susceptibility to market downturns. 

 

Recorded on February 21, 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.

Exploring Canada's tech landscape – Evan Zehnal and Vishal Chopra

Today on the program, we welcome Evan Zehnal, Equity Research Analyst and Vishal Chopra, Equity Research Associate. They discuss the impact of macroeconomic factors on the tech sector, and highlight the challenges and opportunities amid economic uncertainties. Vishal covers Canadian technology and healthcare sectors, including software, hardware, pharmaceuticals, and med-tech companies. Evan focuses on innovative technologies within US software, cybersecurity, and internet sectors. They deep dive into AI and its impact on the tech sector, employment, and remote work. Evan discusses how AI enhances software development processes and user interactions through natural language processing including coding, iteration, testing, and user interface design. They touch on the challenges in chip supply and tech spending adding that global chip supply constraints affect capital spending, but anticipation of increased investment arises as supply challenges ease – this is driven by AI demand and private firms innovating with AI.  

 

Recorded on February 16, 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 – March 4, 2024

Today we welcome back Director of Global Macro Jurrien Timmer for his weekly perspective on the markets. Jurrien discusses his outlook on equity risk premium, small caps, emerging markets, fed policy and many more. Jurrien comments on current market dynamic shifts saying the transition from the late-cycle to the mid-cycle is evident, characterized by robust earnings rebound and an ongoing soft-landing phase, which bolsters bullish market sentiment. He adds new bull markets are typically driven by valuation initially, with prices advancing ahead of earnings, which then follow in subsequent quarters. Jurrien touches on ERP – equity risk premium. Analyzing the current market scenario, the market is currently trading at around 21 times forward earnings, indicating a relatively high valuation. This low ERP suggests heightened market sentiment and valuation, with the market anticipating future earnings expansion. But it also indicates a limited margin for error in the market's pricing, leaving it vulnerable to economic downturns or unforeseen shocks.

Recorded on March 4, 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.

Drive diversification with Fidelity All-Equity ETFs – Andrei Bruno

Today on the program, we welcome director of ETFs Andrei Bruno. Andrei highlights the launch of Fidelity’s All-Equity ETFs, how it focuses on strategic rationale and market timing, plus the future potential of the products amid the backdrop of economic conditions. Andrei says the All-Equity ETFs were launched in order to build on the success of the existing all-in-one product suite and leverage the power of the factor ETFs suite. It also addresses client and advisor feedback by offering a solution that packages factor ETFs for regional equity exposure. Andrei adds the ETFs are designed as "active in design, but passive in implementation," offering a strategic asset allocation approach to maintain diversification over the investment cycle.

Recorded on February 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.

A tactical approach to fixed income investing – Adam Kramer and Scott Mensi

Today on the show, we welcome Portfolio Manager Adam Kramer and Institutional Portfolio Manager Scott Mensi. They discuss their tactical approach to fixed income investing, and where they are finding new investment opportunities in today’s markets. Adam and Scott provide a tactical high income portfolio overview, explaining that the fund intends to provide a level of income that exceeds that of traditional balanced funds. It also allows investors to identify the most promising risk-adjusted opportunities by leaving asset allocation decisions to an experienced team, making it a favourable structure for investors today. Kramer and Mensi say there are areas within the marketplace that are attractive which include opportunities in high-yield bonds, convertible bonds, foreign bank debt and floating rate preferred shares. There is also potential in various equity sectors such as large-cap dividend players in the energy and gold mining industries, in addition to a few value names in small and mid-cap sectors. The importance of both proper income-to-risk matching and seeking assets with favourable risk-reward profiles are emphasized when looking for opportunities.

The podcast was recorded on February 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.

Long/short strategies for 2024 – Brett Dley

Today on the show, we welcome Brett Dley, Portfolio Manager of the Fidelity Market Neutral Alternative Fund. He explains how a long/short investing strategy may be successful in periods of volatility, and where he sees opportunities in 2024. Brett describes market-neutral alternative funds as an equity-based fund without any correlation to separate underlying assets. It operates by concurrently buying one stock and shortening another to maintain a net exposure of zero, and engages in approximately 35 to 40 pair trades. This allows it to create long and short positions to focus on stock-specific differences. Brett discusses the fund’s role for investors approaching retirement and its emphasis on reducing portfolio volatility. He adds by incorporating an investment with lower volatility, investors can potentially navigate market fluctuations more comfortably and prevent impulsive selling decisions during downturns. He also says in the current macro environment, the fund is specifically deployed in response to market conditions and is positioned to mitigate potential downside in a frothy market.

Recorded on February 1, 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.

Exploring fixed income markets - Michael Plage

Today on the show, we welcome Portfolio Manager Michael Plage to share his perspectives on today’s fixed income markets, and provide an update on Fidelity Multi-Sector Bond Fund. Michael gives us a quick fixed income overview, explaining that the diversification between stocks and bonds has been surprisingly positive, but likely will not last due to the Fed’s actions. Negative correlation between stocks and bonds can be detected through events like the regional bank crisis or geopolitical tensions, but this trend is believed to be advantageous in a few ways. It benefits bond portfolios during shocks to the equity market, and will be helpful to the bond market and holders of bonds within diversified portfolios. Michael believes mortgage-backed securities and corporate bonds are essential to the portfolio strategy, stating that agency mortgages constitute around 30% of the US investment-grade bond market. Currently multi-sector bonds are not particularly favoured due to tight trading and negative convexity, although certain areas within asset-backed securities like aircraft securitization have appeal. 

Recorded on February 9^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.

China's economic path forward – Catherine Yeung

Today on the show, we welcome Investment Director Catherine Yeung. She provides an update on China’s recent growth, trade relations and the impact of regulatory and policy changes. Catherine says the Chinese government’s current focus is implementing a pragmatic policy which should maintain growth that is moderate yet robust. Catherine also reflects on critics calling China an “aging society”. She says there is prioritized shift in its growth dynamics, transitioning from high-quantity to high-quality with an expectation of maintaining a 4.5 to 5% growth rate. The emphasis is on innovation to drive growth in strategic sectors and move beyond traditional manufacturing.

Recorded February 8, 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 – February 26, 2024

Today on the program we welcome Director of Global Macro Jurrien Timmer for his weekly commentary on the markets and what macro themes are moving the markets. In this episode Jurrien talks about bitcoin, valuation versus growth, earnings and the tech bubble. Jurrien talks about bitcoin’s endurance and uniqueness and its maturity. He touches on the impact of tech companies and says this tech bubble doesn’t resemble bubbles of the past. In the early 70s and late 90s, the premium of the top 50 stocks over the bottom 450 in terms of P/E ratio was close to 100%. In other words, the P/E was twice as high on those stocks. Today we are at 30%In terms of inflation Jurrien says there are concerns reaching the 2% target. Looking at long-term inflation rate of change, the 5-year rate has gone from 2 to 3, but to reach the 2% mark, year-over-year marks must dip below 2 to reach that target.

Recorded on February 26, 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.

Introducing Fidelity Canadian Long/Short Alternative Fund – Andrew Marchese and Reetu Kumra

Today on the program we are introduced to a brand-new product - the Fidelity Canadian Long/Short Alternative Fund. Portfolio Manager Reetu Kumra will lead the new fund and she joins Fidelity’s CIO and Portfolio Manager Andrew Marchese on the show today as they both highlight elements of the new portfolio and what it offers. Andrew and Reetu speak to host Pamela Ritchie about the fund’s weighting and, how it uses the full breadth of Fidelity’s research capabilities to choose long and short positions to drive total return potential.The fund’s strategy capitalizes on research depth and breadth, independent of the market or economic cycle. The fund also maintains equal weight on long and short sides, following a 130/30 strategy with 100 percent net exposure. Andrew and Reetu add the fund is an “all ideas” portfolio reflecting the research team’s viewpoints across the coverage universe.

Recorded on February 6, 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.