FidelityConnects

On today’s podcast we’re featuring portfolio manager Mark Schmehl, sharing his appearance at Fidelity’s Vision 2023 event with you, that was held recently in Toronto. For Canadian investors, Mark manages Fidelity Special Situations Fund, Canadian Growth Company, and Global Innovators, and today with host Pat Bolland we’ll hear Mark’s thoughts on the current market environment and how he is positioning his funds for 2023 with both offence and defence. Also, as there are continuing headlines surrounding inflation and tapering, we’ll hear if this changes Mark’s market outlook. Mark believes that despite continued volatility in global markets, visibility has improved compared with six months ago, with more clarity now on central bank actions and the state of the economy. Looking ahead, Mark believes it is important to analyze companies with a long-term perspective, looking beyond 2023 and focusing on what earnings could look like in a more normalized environment. Against this backdrop, Mark is spending a lot of time looking at long-term secular growers that he believes present good risk/‌reward profiles over the long term. We’ll hear more about which specific opportunities he is excited about. Mark and Pat also take a few questions from the audience.

Recorded on January 31, 2023.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

On today’s podcast we’re featuring portfolio manager Dan Dupont’s appearance at Fidelity Canada’s Vision 2023 event that was held recently in Toronto. Since joining Fidelity in 2001 as a research analyst, Dan has gone on to manage several mandates including: Fidelity NorthStar Fund - alongside Joel Tillinghast, Morgen Peck, Sam Chamovitz and Kyle Weaver, Fidelity Canadian Large Cap Fund - a value-oriented large cap strategy, and Fidelity Global Value Long/Short Fund - a value oriented all-cap strategy that features both long and shorting opportunities. Dan speaks with host Pat Bolland today, and reflects on a number of topics including how his investment style of aggressive patience faired during 2022 and throughout his overall tenure. Also, a look at how Canadian Large Cap Fund has captured less than half of the market downside during Dan’s tenure, what kinds of opportunities he looks for when shorting companies, and how macro narratives such as inflation and monetary policy could impact his positioning. Overall, Dan is constantly looking to build a portfolio of stable companies that aren’t as impacted by unpredictable macro developments and trading at cheap valuations in relation to the sustainable free cash flow they generate. Additionally, Dan and Pat field questions from the live audience. Please note, you will hear references to a few slides displayed to the in person audience.

Recorded on January 31, 2023.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

Today we’re featuring portfolio manager Connor Gordon’s appearance at Fidelity Canada’s Vision 2023 event – held recently in Toronto. With host Pat Bolland, Connor dives into the big opportunities available in global small caps, and why investors should think about incorporating exposure to global small caps in their portfolio. In September 2022, Fidelity Canada launched a new fund: Fidelity Global Small Cap Opportunities Fund, managed by Connor and Chris Maludzinski. This fund may be new to the public, but it builds off the success of a similar institutional strategy that Connor and Chris have been managing since 2019. The fund looks for mispriced investment opportunities where the market has under-reacted to positive change or over-reacted to negative change. Connor reflects on today’s market environment and shares more details about the fund’s strategy, while also taking questions from the live audience.

Recorded on January 31, 2023.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

Inflation, recession fears, and the optimal stocks and bonds balance in one’s portfolio are top of mind for investors in 2023. Who better to address this and more today than Fidelity’s Global Asset Allocation team? On today’s podcast, we’ll hear from portfolio managers David Wolf, David Tulk, and institutional portfolio manager Ilan Kolet. Their working relationship extends well beyond their tenure at Fidelity – the three of them met years ago while working at the Bank of Canada. Today, the GAA team manages nearly $80 billion in multi-asset funds for Canadian investors, while the overarching Fidelity GAA group manages $200 billion. Today the team sits down with host Kelly Creelman, SVP Products and Marketing, to dive into who they are, and what they manage, and touch on the topics on the minds of investors today. 'What they manage' includes the Fidelity Managed Portfolios suite of funds. We’ll hear about the similarities and differences between the products, including how to determine which product is the right fit for you. Today’s podcast was recorded in front of a live audience during Fidelity Canada’s Vision 2023 event. The panel also fields questions from the audience. Please note you will hear references to a few slides displayed in the room.

Recorded on January 31, 2023.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

Today we’ll hear from Ramona Persaud and Denise Chisholm. Ramona is a Portfolio Manager who manages several dividend strategies available to Canadian investors including Fidelity U.S. Dividend Fund. Ramona focuses on downside protection while still delivering strong risk-adjusted returns. Denise is the Director of Quantitative Market Strategy and is responsible for the research of Fidelity’s portfolio construction strategies. Throughout her over 20 year career in financial services, she’s mastered the use of data in uncovering investable insights as an analyst, portfolio manager, sector strategist and now as Director of Quantitative Market Strategy. Denise shares how her insights are used by the portfolio management team. Ramona and Denise join moderator Kelly Creelman, SVP Products and Marketing, to share how they think the markets are shaping up for 2023 and the key factors they’re keeping an eye on going forward. We’ll also hear Ramona and Denise’s thoughts on various sectors including energy, and their comments on various geographical areas including the U.S., and emerging markets.

Recorded on January 31, 2023.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

On today’s podcast, we’re bringing you fixed income portfolio manager Jeff Moore’s appearance at Fidelity Canada’s Vision 2023 event, which was held recently in Toronto. Jeff joined Fidelity in 1995 and has been managing portfolios since 2000. For Canadian investors, he manages a number of strategies including Fidelity Tactical Credit Fund, Multi-Sector Bond Fund, Investment Grade Total Bond, Global Core Plus Bond ETF, and NorthStar® Balanced, among many others. Jeff sits down with host Kelly Creelman, SVP Products and Marketing, to share his thoughts on the challenging fixed income environment we saw in the last couple of years and how he’s positioning for 2023 and beyond. This includes looking at what’s next from the U.S. Federal Reserve and other central banks, how investors could approach investing in uncertain times, and how Jeff and his colleagues stress test their portfolios.

Recorded on January 31, 2023.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

Director of Global Macro, Jurrien Timmer is back on the program to provide his weekly thoughts and insights on the markets and give his breakdown of key macro themes. Jurrien states that just because the S&P broke a downtrend line, it doesn’t necessarily mean that a new uptrend is in place. Basically, this doesn’t tell us anything about whether the next bull market is underway. Jurrien says his outlook for 2023 so far is that the market will continue its post-COVID price discovery journey in a choppy, sideways fashion that will frustrate both bulls and bears alike. In this episode, Jurrien also discusses other topics including quantitative tightening, the debt ceiling and emerging markets.

Recorded on January 30, 2023.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

The Bank of Canada has raised their benchmark interest rate by a quarter of a percentage point to 4.5% - the highest it’s been since 2007. This is the eighth consecutive interest rate hike for the Bank of Canada, but Governor Tiff Macklem signalled that it might be the last hike of the cycle. One of the most significant announcements by the Bank of Canada in their policy report is that they are confident in bringing inflation down to the target of 2% by 2024. We’re joined today by renowned economist Don Drummond to unpack if this timeline is advantageous. Also, to see what this 25-basis point rate hike means for housing, markets, consumer spending and the real economy. Don has held several senior roles at the Federal Department of Finance, including Associate Deputy Minister, where he was responsible for economic analysis, fiscal and tax policies. He later served as Senior Vice President and Chief Economist at TD Bank and is currently Fellow-in-Residence at the C.D. Howe Institute. One key takeaway today that Don shares with host Pamela Ritchie are that inflation has peaked and should continue dropping under 6% year-over-year as we get into this spring. Stay tuned for all of this and more.

Recorded on January 26, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-drummond-jan26-23.pdf

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

Fixed income markets are off to a promising start this year after facing their worst-ever year on record in 2022. Last week, the 2 and 10-year Treasury notes fell to a four-month low following weaker economic data, and now all eyes will be on the Fed’s next rate move to see how it will impact bond yields once again. So, will rates remain elevated? And what are some scenarios at play in a higher rate environment? Joining us today to discuss scenario analysis across a range of fixed income sectors in 2023 is Fidelity Quantitative Analyst, Stacie Ware. Based in Fidelity’s fixed income headquarters in Merrimack, New Hampshire, Stacie works closely with the Tactical Bond, Core and Core Plus teams on asset allocation and risk management. In speaking with host Pamela Ritchie, Stacie shares how she and the team are constantly recalibrating models as more data comes in on inflation and other macro variables and projections. They use a propitiatory risk model with 5000 simulations conditioned on the VIX, both current and forward, which shows them how various models relate to future outcomes for Fidelity fixed income portfolios.

Recorded on January 25, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-ware-jan27-23.pdf

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

It’s been a choppy start to 2023 for U.S. equity markets, as signs of cooling inflation and slower growth has left investors wondering what’s next. With recession fears still looming, investors may want to consider a defensive, options-based equity strategy that could hedge against potential market declines. And now investors have the opportunity to do just that, with the all-new Fidelity SmartHedge™ U.S. Equity Fund. Joining FidelityConnects today to introduce Fidelity SmartHedge™ U.S. Equity Fund are Portfolio Manager and Derivatives Analyst Eric Granat, and Investment Product Vice President Tim Callahan. Eric and Tim join host Pamela Ritchie to explain how this fund may complement an investor's existing investment portfolio and address why might financial advisors want to consider this strategy now. Fidelity SmartHedge™ U.S. Equity Fund aims to achieve long-term capital growth, investing primarily in equity securities of some of America’s largest companies. The Fund uses an options-based derivatives strategy to hedge market exposure to help mitigate downside risk while providing upside participation. Eric manages the fund, alongside Zach Dewhirst, and Mitch Livstone, and also leverages Fidelity’s global research network and investment expertise.

Recorded on January 24, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-granat-callahan-jan24-23.pdf

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.