Institutional portfolio manager Abhijeet Singh speaks with host Pamela Ritchie about the opportunities in emerging markets (EM) and discusses the trends shaping Fidelity Emerging Markets Fund. Data security issues and what is being shared with other countries have led to a tug of war between China and the U.S.. Abhijeet says valuations have become less expensive as this has happened. Abhijeet also points out that the U.S. dollar is an important component of emerging market assets and he believes over the long term the amount of stimulus and money printing could make the U.S. dollar weaker. He also shares where Emerging Markets Fund is currently overweight and underweight, noting that the fund has been overweight in Brazil and Mexico since things became expensive in the second half of last year. Going forward, the fund may start to revisit China as things get more affordable in terms of valuation.

Recorded on July 15, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript-podcast-singh-07-15-regions-in-focus.pdf