February 24, 2021
Portfolio manager Nicole Connolly discusses the key trends and outlook for ESG investing in 2021, as well as an update to how she is currently positioning Fidelity Women’s Leadership Fund. Nicole believes that COVID-19 has brought more attention to how companies are treating their employees, and customers. Nicole, who is also head of ESG investing at Fidelity, shares some success stories of gender-diverse companies with host Emily Anonuevo, and explains how she leverages Fidelity’s deep fundamental and quantitative research expertise.
Recorded on February 11, 2021.
February 23, 2021
Catherine Yeung, Investment Director at Fidelity International joins us from Hong Kong, for a special episode to celebrate the Year of the Ox in the lunar calendar, and to share her market update and outlook for Asia-Pacific. In speaking with Glen Davidson, host and VP Regional Sales for Ontario, Catherine looks at how this year’s lunar new year celebration is different from years past, and comments on China’s strong reopening after 2020’s coronavirus lockdowns. Catherine also explores the rise of the middle class and the rise of the domestic investor in China, as well as electric vehicles and semiconductors.
Recorded on February 17, 2021.
February 22, 2021
Jurrien Timmer, Director of Global Macro, notes that the number of hospital beds in the U.S. occupied by COVID-19 patients has fallen from around 20% to less than 11% in less than a month, and one in eight people are now vaccinated, marking a dramatic improvement. Jurrien notes that small caps have been on fire for several months. Value is still lagging behind growth, but both are moving in the same direction. Emerging markets are outperforming the S&P 500 Index by 12% on a year-over-year basis, and earnings are recovering faster in emerging markets than in any other region in the world. Jurrien calls it an “all systems go” type of market that we are currently seeing. Follow along with Jurrien’s charts @TimmerFidelity on Twitter.
Recorded on February 16, 2021.
February 21, 2021
Les gestionnaires de portefeuille Hugo Lavallée et Maxime Lemieux discutent des actions canadiennes en 2021. M. Lemieux gère le Fond Fidelity Frontière Nord et M. Lavallée gère les Fonds Potentiel Canada et Canada Plus. Les deux gestionnaires partagent leurs perspectives avec l’animateur Charles Danis concernant les investissements dans les actions canadiennes, et expliquent comment ils continuent a diversifié leur portefeuille pour l’avenir. Ils partagent également leurs réflexions sur la crypto-monnaie, les placements ESG et l’inflation.
Date : 10 février 2021
February 20, 2021
Portfolio manager Eileen Dibb examines investment opportunities in Asia-Pacific equities, as well as the impact of trade relations and economic recoveries throughout the region. Eileen notes that China has made a big push in response to climate change over the last decade. Steel production was a major polluter, and the country has focused heavily on improving air quality. China is a big investor in and producer of solar energy and is also focused on improving wind power resources. Eileen’s focus in this area is on hydrogen, and where it fits into renewable energy, as a longer-term play. China and India have populations of billions, so investing in Asia has the potential to benefit from product proliferation: introducing an item to a population this vast can create a huge opportunity.
Recorded on February 11, 2021.
February 19, 2021
Sector strategist Denise Chisholm doesn’t believe the recent uptrend in the market is due to investors’ reaction to U.S. fiscal stimulus, because that had been expected and, therefore, already priced in. She believes it is more likely that investors have been surprised by the decline in COVID-19 cases in the U.S. Denise considers small caps, financials, tech, consumer discretionary and energy service companies as the best risk/reward sectors. Financials showed the cheapest valuations at the end of 2020. Energy and health care stocks were also inexpensive, based on price-to-earnings and price-to-book ratios. Historically, extreme market volatility tends to be followed by above-average stock market returns. She believes that small-cap stocks may be primed for outperformance; in the past, when those factors lined up, the odds of outperformance increased. Denise will be a regular guest, so please subscribe to not miss an episode.
Recorded on February 9, 2021.
February 18, 2021
Hugo Lavallée, portfolio manager, believes that 2020 showed why active management is important. Hugo, who for Canadian investors, manages Fidelity Canadian Opportunities Fund and Fidelity Greater Canada Fund, brings a contrarian strategy that aims to identify value in out-of-favour stocks. Currently Hugo believes that ESG investing had been less understood in North America, leading to investing opportunities. Hugo’s main focus has been on the “E” (environmental), but he notes that his peers at Fidelity do a great job looking at the “S” and “G” (social and governance). Hugo explains that with the current vaccine rollout, travel and leisure is likely to make a strong comeback, and he is primarily focused on the pent-up demand that he feels we’ll see in travel and leisure this year.
Recorded on January 27, 2021.
February 17, 2021
Le gestionnaire de portefeuille Patrice Quirion est notre invité aujourd’hui. M. Quirion gère les Fonds Fidelity Actions mondiales – Concentré et Actions internationales – Concentré. M. Quirion se dit optimiste à l’égard des marchés dans l’ensemble pour 2021, et il explique à l’animateur Charles Danis que son mandat mondial lui permet de saisir les occasions à l’échelle de la planète. Il se réjouit des possibilités offertes au Royaume-Uni et dans les marchés émergents. Aujourd’hui, M. Quirion partage également ses réflexions sur l’inflation, les marchandises, les placements ESG et les annonces concernant les vaccins.
Date : 3 février 2021
February 16, 2021
From the progression of the vaccine rollout to the health of Canadian industries, portfolio manager Max Lemieux discusses his outlook for Canadian equities in 2021. Looking at consumer spending, Max notes that pent-up demand will likely increase the prices in travel and tourism. Interest rates at 0% are also encouraging people to buy big-ticket items, and some of the pent-up demand is already finding an outlet. He thinks it will be hard to see inflation persist in the long term, given current headwinds such as demographics. The transition to “green” is a major topic right now, and Max notes that there are many new names in Canada, compared with what has been seen in the last 15 years. He thinks a lot of these names have interesting and resilient business models.
Recorded on February 10, 2021.
February 15, 2021
Fidelity U.S. Growth Opportunities Class portfolio manager Kyle Weaver brings a value driven approach to growth investing to his fund, which was launched for Canadian investors in January 2020. Kyle looks at secular trends and where society is transitioning, rather than the market cycles. He looks at a 3 - 5 year horizon for companies, but that are currently trading at a reasonable price. This is a mix of current well-known blue-chip companies, but also the blue-chip companies of tomorrow. Also, Kyle reflects on 2020 and how his fund was positioned and performed during the market volatility in March and April. In 2019 Kyle joined the team of portfolio managers on the Fidelity NorthStar® and NorthStar® Balanced Fund.
Recorded on January 27, 2021.