Portfolio manager Mark Schmehl joins FidelityConnects for an insightful discussion with host Pamela Ritchie. For Canadian investors, Mark manages Fidelity Global Innovators Class, Fidelity Special Situations Fund, and Fidelity Canadian Growth Company Fund. Today, Mark reflects on the market volatility seen throughout November and December, noting it gave him a chance to add to his favourite positions. He has high conviction in his top ideas, and attributes the recent volatility to a collective panic from a lot of investors who have the same bets. Mark also discusses the overall economy and market cycle, oil, and regulation for tech companies. Mark shares the differences and similarities between his funds, including the opportunity to invest in private companies. Also today Mark looks at the big topic of the metaverse, believing people are going to spend more time in these immersive worlds. Mark sees many investors incorrectly viewing the metaverse more like a video game, whereas Mark compares it to a different version of TV.

Recorded on December 8, 2021.