FidelityConnects

Jurrien Timmer's global macro view – October 21, 2024

Back on the show today for a detailed analysis of the macro factors shaping markets this week is Fidelity's Director of Global Macro Jurrien Timmer, offering a detailed analysis of the Fed's monetary policy and its implications for markets. Jurrien explains the technical factors, such as reverse repos and the Treasury General Account, that have offset the Fed's quantitative tightening effects. He outlines the scenario of a potential "fiscal cliff" if the government faces budgetary gridlock, which could push the Fed to end quantitative tightening to avoid reducing bank reserves, likely leading to increased liquidity. He sees this liquidity wave benefitting equities, gold, and bitcoin, since these are assets that generally thrive in a liquid environment. For inflation, Jurrien sees a higher baseline of around 2.5-3% as tolerable for the Fed, especially given fiscal challenges and elevated debt service costs. This environment could still support the stock market, as inflation in this range generally doesn't harm equity valuations. Bonds, however, may struggle to deliver capital gains, especially as yields have risen, reducing the negative correlation between stocks and bonds that once served as a key portfolio hedge.

 

Recorded on October 21st, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Analyst perspectives: Insurance and real estate sectors – Connor MacGrath

Today we speak to Fidelity Equity Research Associate Connor MacGrath. He discusses how cooling inflation and current market trends are shaping opportunities in the Canadian real estate and insurance sectors. Connor says as rates come down, the U.S. economy is holding a bit stronger while Canada's economy is slowing down.  This is creating wider levels of dispersion within the real estate and insurance sectors, but from this dispersion, Fidelity can leverage its research capabilities allowing to pinpoint new investment opportunities. Connor highlights opportunities in retail real estate. He says grocery-anchored power centres are doing well. The industrial real estate sector however is slowing down, but some owners are turning to building data centers because of secured power access, which makes them attractive investments. Connor also touches on new trends in life insurance and the impact of AI on the insurance sector.

 

Recorded on Friday October 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Denise Chisholm's sector and factor perspectives – October 17, 2024

Denise Chisholm, Director of Quantitative Market Strategy, joins us today on the podcast. With host Pamela Ritchie, Denise unpacks the impact of job market dynamics on inflation and equities, among other topics today. Denise notes that real retail sales have shown a slight contraction for two years but have recently picked up, indicating positive momentum. Also despite slowing job growth, with job openings declining and hiring rates stalling, she believes a reacceleration is likely.

 

Recorded on October 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Hidden gems: Finding opportunity in global small caps – Connor Gordon and Chris Maludzinski

Today we speak to co-managers of Fidelity Global Small Caps Opportunities fund Connor Gordon and Chris Maludzinski as they give an update on the fund, talk about their investing strategy, and where they are finding hidden gems in North America and globally. Chris explains how the fund provides access to a broader range of companies across the world, offering exposure to sectors and regions often overlooked by larger-cap funds. He adds the fund focuses on identifying companies undergoing positive changes or temporary setbacks, which creates opportunities for value-driven gains as businesses recover or grow. Connor says the fund is heavily weighted toward industrials and energy sectors, especially in themes like nuclear energy for decarbonization and AI infrastructure, which are poised for long-term growth. Connor adds that although it’s difficult to predict moving inflation or interest rates, the fund takes advantage of market dislocations caused by macroeconomic changes, allowing them to find undervalued opportunities. 

 

Recorded on October 16^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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Where we are in the business cycle: October 2024 – Cait Dourney

Today on the program we speak to Fidelity U.S. Asset Allocation Research Analyst Cait Dourney. As a research analyst, Cait covers mostly economies in the US, China, India, Europe, Canada, and then provides asset allocation recommendations to the multi asset class portfolio managers. Cait discusses the global business cycle, the unexpected normalization in the US labour market, and why Canada could have potential investment opportunities. In terms of the business cycle, Cait says the U.S. is still in an expansion phase, supported by strong corporate and consumer sectors, with mid-cycle dynamics like profit margin growth. Profit margins and credit conditions are improving and the labor market is normalizing, reducing immediate recession risks. And she adds recession risks have decreased globally, and international earnings revisions are now outpacing the U.S., leading to cautious optimism about non-U.S. markets. Cait also touches on Canada’s rate-sensitive economy, inflation concerns, and China’s slowing economy.

Recorded on October 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Ontario's economic priorities – Finance Minister Peter Bethlenfalvy

Joining us on today’s show is a special guest, Peter Bethlenfalvy, Ontario Finance Minister. When investors talk about Canada’s economy, productivity tops the chart in terms of conversations. But the nuance that doesn’t get highlighted enough is that ours is an economy of economies, with provinces and territories. Ontario is the largest economy, accounting for nearly 40% of our GDP - how is the productivity picture there? Today, Minister Bethlenfalvy, who is also MPP for Pickering-Uxbridge, will speak to host Pamela Ritchie about our economic future in both Ontario and Canada as whole. We’ll also hear about the path to balance Ontario’s budget, auto manufacturing, mining, green bonds, and financial literacy in school curriculums.

Recorded on October 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Trend spotting: Third-quarter earnings season – Joe Overdevest

Today on the show portfolio manager Joe Overdevest sits down with host Pamela Ritchie to discuss trends in the third quarter and what investors could expect in the remaining quarter of the year and even into 2025. Joe says even though interest rate cuts are happening, investors are waiting for more certainty in the markets before buying. He adds that some people try to time the market, but companies over time grow their earnings and the stock price usually follows, which highlights the power of compounding. For 2025, Joe says the economic picture is looking decent. He says with high level of earnings growth for this year and next year at around 10% for the US and Canada plus inflation in Canada and the US trending close to 3% and GDP growth in the US at around 3%, the US and Canadian economies seem to be on the right path. Joe also highlights the current energy picture.  With a drop in oil prices and fading optimism around China's efforts to boost its economy, this has weighed heavily on energy and materials.  He says the demand for commodities will be higher in the future and China is currently 10 to 50% of the demand depending on the commodity. Nuclear could be a solution for an energy transition, but it will take time. Joe adds natural gas could be a short-term solution for increasing electricity demand.

 

Recorded on October 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

A tactical approach to balancing income and risk – Scott Mensi

From corporate earnings, to the inflation story and the upcoming US Presidential election, there are many themes affecting the markets today. Scott Mensi, Institutional Portfolio Manager of Fidelity’s Tactical High Income fund discusses how the portfolio pivots in today’s current market environment. Scott says since the spring, the fund has adjusted and invested in non-US equities, REITS, high yields and convertible bonds. The fund typically holds 45 % in equities. He also highlights the fund’s ability to move between different asset classes based on market conditions aiming for better downside protection and rebound potential. Scott also talks about the fund’s evolution over its 10 years. He says the fund continues to be an income solution that can invest in equities, investment grade bonds, bank loans and preferred securities. He adds the fund provides full-circle returns and risk rewards as well.

 

Recorded on October 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Behind the numbers: Denise Chisholm and Ramona Persaud's mutual love of data

On today’s podcast, we’re bringing you another installment in our “Behind the Numbers” series, where Chris Pepper, VP, Corporate Affairs, sits down 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, recorded at Fidelity’s Boston headquarters, we hear from Denise Chisholm, director of quantitative market strategy, and Ramona Persaud, portfolio manager. You'll hear about Ramona & Denise's career paths, as well as how their friendship grew over the years, and how they currently work together.

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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

FOCUS 2024: Building a high-conviction small cap portfolio – Connor Gordon

On September 24, Fidelity Investments Canada hosted FOCUS 2024 Montreal – a bi-lingual event connecting our portfolio managers directly with advisors. For French podcasts from the event, please keep an eye on our DialoguesFidelity podcast, those will be released soon. Portfolio manager Connor Gordon’s session is today’s podcast, and we’ll hear about how small cap companies could play a big role in your investments. Connor manages Fidelity Global Small Cap Opportunities Fund alongside Chris Maludzinski, and today he provides a fund update to the live audience, and host Charles Danis, VP Regional Sales Eastern Canada. They touch on market volatility and what we’ve seen in markets so far this year, and in prior cycles. Connor notes this volatility creates buying opportunities, which him and Chris look to take advantage of in Fidelity Global Small Cap Opportunities Fund, which was launched in September 2022 and is also available as an ETF.

Recorded on September 24, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

FOCUS 2024: Fidelity Tactical High Income Fund's strategy and building blocks – Adam Kramer and Scott Mensi

On September 24, Fidelity Investments Canada hosted FOCUS 2024 Montreal – a bi-lingual event connecting our portfolio managers directly with advisors. For French podcasts from the event, please keep an eye on our DialoguesFidelity podcast, those will be released soon. Today’s podcast brings you Adam Kramer and Scott Mensi’s session from the event, focusing on fixed income, and their fund Fidelity Tactical High Income Fund, managed alongside Ford O’Neil and Ramona Persaud. This event was a homecoming for Adam, portfolio manager, who is originally from Montreal and shares a bit about his journey that brought him to Fidelity in Boston. Among other topics he also shares how the fund is built and has had a strong process driven approach over time. Scott, institutional portfolio manager, shares the various asset classes that make up the fund, and how those have shifted over time. Please note, there were a few charts shown to the live audience during the event.

Recorded on September 24, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Jurrien Timmer's global macro view – October 7, 2024

Following Friday's U.S. jobs numbers that were well above estimates, a soft landing appeared more within reach than ever. With strong labour numbers and a seemingly resilient economy, is there room for the bull market to continue?  And what about Q3 earnings season? Can earnings maintain market momentum? Back on the show today to take us through these questions and many more, is Fidelity Director of Global Macro Jurrien Timmer. Jurrien emphasizes that while earnings are still growing, the acceleration may be slowing, which could affect momentum and stock prices, especially in popular sectors like AI. He notes that we're currently in the mid-stages of the current bull market, but rising interest rates could limit the upside. Jurrien and host Pamela Ritchie also talk about the valuation of emerging markets, particularly India, and the issue of stock dilution. Jurrien explains that while the U.S. market tends to reward shareholders more through buybacks and returns, emerging markets have historically diluted shareholder value, which affects their P/E ratios. Despite this, he believes that emerging markets will remain attractive due to various growth factors.

 

Recorded on October 7th, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Denise Chisholm's sector and factor perspectives – October 3, 2024

Today, Denise Chisholm joins us on the program for a deep dive into the factors shaping today’s markets. She discusses the recent US Vice-Presidential political debate as well as the influence of taxes and commodities on the market. Denise talks about the vice-presidential debate and describes it as neutral and lacking new information. She emphasizes that political leadership, while a major talking point, often has minimal long-term impact on markets. She notes that historically, markets perform better with divided governments and tends to discount political changes before they happen, reducing volatility. Denise also touches on geopolitical risks and the potential for an oil price shock. She says that while Middle East tensions can drive oil prices up, a true risk to the economy would only emerge if prices hit $160 per barrel. At those points, the impact on corporations and consumers would be significant enough to pose recession risks. Shifting to gold, Denise points out that while gold prices are inversely related to interest rates, gold equities don’t always outperform when gold rises. Instead, she sees better opportunities in sectors like financials, real estate, and industrials, especially if those sectors are poised for recovery.

 

Recorded on October 3^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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

U.S. growth opportunities in the fourth quarter – Kyle Weaver and Rebecca Baker

Joining the show today for a discussion on where they're finding growth opportunities as we enter the fourth quarter, are Fidelity U.S. Growth Opportunities Class portfolio managers Kyle Weaver and Rebecca Baker.  Kyle and Rebecca focus on identifying long-term growth opportunities, even in controversial or volatile market conditions. Their investment approach often revolves around understanding secular growth trends, like AI and e-commerce, and finding the right business models to capitalize on them. Kyle and Rebecca underscore the complexity of investing in large themes like AI and the importance of selecting the right companies with sustainable business models. They explain how past technological shifts, like in wireless data, provide valuable lessons for navigating AI investment. Their discussion with host Pamela Ritchie also touches on other sectors where they are seeing opportunities, like solar energy, which could be influenced by political outcomes, industrial companies that stand to benefit from AI innovations, and used car retail, which is being transformed by online research and e-commerce growth. Kyle and Rebecca advocate for a balanced approach, where long-term growth themes are assessed alongside short-term cyclical factors to optimize their investment strategies. Take a listen.

 

Recorded on October 2nd, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Remaining patient and turning volatility into opportunity – Dan Dupont

In today’s episode, Portfolio Manager Dan Dupont provides an overview of how navigating the current market landscape and offers insight into various global trends and sectors. Dan discusses investment opportunities in China, where large-cap stocks are severely undervalued. With minimal downside risk, these investments rebounded faster than expected, and Dan’s patience has paid off as he’s been able to capture quick gains once the market corrected. Dan also discusses challenges in the U.S. market. He touches on the difficulties of finding attractive investments in a space characterized by high valuations and inflated margins. This has driven him to focus on global opportunities and more defensive sectors, where strong balance sheets offer stability in uncertain times.

Recorded on October 1^st , 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Jurrien Timmer's global macro view – September 30, 2024

The global economic cycle may be due for a rebound. As September ends, the S&P, DOW, and NASDAQ are all up more than 1.5 percent on the month. And stocks in China surged over 8 percent for the country's best day in 16 years. So, going into Q4, where do we go from here? Back on the show today to unpack the latest market action is Fidelity Director of Global Macro Jurrien Timmer. Jurrien explains the complexities surrounding the concept of R-Star, the neutral interest rate, and emphasizes the challenges in determining whether the Federal Reserve's policies are restrictive or neutral, given the current economic context. Referencing plenty of economic data as usual, he highlights that the markets appear to be pricing in a soft landing scenario, with stable fundamentals and increasing earnings growth, while uncertainty about the upcoming U.S. elections adds complexity to market leadership. Jurrien and host Pamela Ritchie also discuss shifts in the labor market. The key question seems to be whether the Fed can maintain the current balance in the labor market without triggering a more significant economic downturn, as shifts in employment rates could lead to a different phase in the economic cycle. 

 

Recorded on September 30th, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Introducing Fidelity Equity Premium Yield ETF – Eric Granat and Andrei Bruno

Today, Fidelity Investments Canada launched Fidelity Equity Premium Yield ETF.  Portfolio manager Eric Granat, along with Fidelity Director of ETF’s Andrei Bruno join the program to discuss the fund’s genesis, objectives, and how it may fit into a client’s portfolio. Andrei says this new ETF product provides an option for investors who are seeking exposure to an equity and options-based investment strategy that can generate potentially higher levels of cash flow compared to equity-only strategies. Eric adds the new fund produces an attractive level of yield, while balancing upside opportunity. He says the balance of annual dividend is 6 to 8% to allow for equity appreciation, which could create alpha compared to other products. Eric says competitors typically trade or sell options against the equity once a month while Fidelity does it on a weekly basis. He says they use a laddered strategy - holding at least 4 options with different strike price and expiry dates.

Recorded on September 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

FOCUS 2024: Global asset allocation outlook live from Montreal – David Wolf, David Tulk and Ilan Kolet

On September 24, Fidelity Investments Canada hosted FOCUS 2024 Montreal – a bi-lingual event connecting our portfolio managers directly with advisors. For French podcasts from the event, please keep an eye on our DialoguesFidelity podcast, those will be released soon. Today we’ll listen in on our Global Asset Allocation Team’s session from the event, where portfolio managers David Wolf, David Tulk, and institutional portfolio manager Ilan Kolet sit down with Charles Danis, VP Regional Sales Eastern Canada. The Global Asset Allocation team manages several funds on behalf of Canadian investors, and we’ll hear an update on their current positioning and market sentiment, including what is exciting them currently, what’s keeping them up at night, how markets have moved this year, and where markets could go next.

Recorded on September 24, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Unpacking crypto and alternative investing trends – Reetu Kumra

Today, Portfolio Manager and Director of Research Reetu Kumra joins host Pamela Ritchie to give an update on the the Canadian Long/Short Alternative fund and what alternative investing trends she’s keeping an eye on. Reetu talks about the fund’s positioning and describes the four super sectors she keeps an eye on:  interest rate sensitive sectors, resources, consumer, and industrials. She says the Canadian Long/Short Alternative fund aims to generate alpha within the super sectors while being largely neutral across them. Reetu says there is no crypto in the Canadian Long/Short Alternative Fund, crypto is seen as a diversifier. But she does add that research has shown that adding a 1 to 3% slice of Bitcoin to a traditional 60/40 portfolio can increase risk adjusted returns by 12 to 34%. She also talks about the recent rate cuts by the Bank of Canada and how that affects the fund and how the fund leverages Fidelity’s strong research platform and aims to capture Fidelity’s high-quality research by going long on buy-rated names and short on sell-rated names.

 

Recorded on September 25th, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Behind the numbers: Bobby Barnes' path from NASA to Fidelity

For today’s podcast, we’re bringing you another installment in our “Behind the Numbers” series, where Chris Pepper, VP, Corporate Affairs, sits down with Fidelity’s portfolio managers, analysts, subject-matter experts, and more, about what brought them into investing and what drives them every day. Bobby Barnes, Head of Quant Index Solutions at FMR, is today’s guest. Bobby is now a Fidelity veteran and comes with a very intriguing resume of prior experience. Stay tuned to learn more.

 

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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.