Portfolio manager of Fidelity Europe Fund, Matt Siddle, joins the show today. Matt speaks with host Pamela Ritchie about the current inflationary pressures, noting the inflation environment differs between countries. The U.S. has greater inflationary pressures than European countries. He also looks at these pressures coming from two sources – commodities and labour markets. Matt speaks on how the recent increase in COVID cases have been impacting continental Europe and the UK and if there is an effect on markets. He also shares his thoughts on real estate in China, ESG and COP26, as well as the recent earnings season, and his criteria for how companies make it into his portfolio. His fund is traditionally a concentrated portfolio of around 60 names.

Recorded on November 12, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_siddle_12nov.pdf