In today’s episode, we are joined by Mike Hickey, institutional portfolio manager, to provide an update on Fidelity Insights Class. Mike works closely with Will Danoff, the renowned portfolio manager of Fidelity Insights Class in Canada, and Fidelity Contrafund in the United States. Mike shares that he and Will are growth investors looking for earnings and cash flow growth in the next three to five years. He believes stocks in tech and healthcare have high revenue growth, and they’re secular growers. COVID-19 has changed the behaviour of consumers, and Mike believes a resurgence should have little impact on Insights, while continuing to speed up digital adoption (e-payments, e-commerce) by consumers. Mike thinks that the landscape is looking increasingly more global. One of the benefits of Fidelity is that roughly 30% of analysts are outside the North American region. Therefore, they are looking at companies benefiting from the same trends in North America, primarily in the growth space. Mike also discusses ESG, noting that company executives are increasingly more focused on the “E” and “S”.

Recorded on July 13, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_hickey_insights_class_07-13.pdf