FidelityConnects

We’re joined today by Joe Overdevest, Director of Research and Portfolio Manager, for a look at the Canadian market across sectors, and how rising rates could impact the markets this year. Central bankers from around the world gathered in Sweden this week to discuss the health of the global economy, including a focus on climate change and the green transition. Investors are looking ahead to the next Federal Reserve interest rate decision on February 1, and wondering what moves are next. Investors are also pondering what big themes to look out for in 2023, which Joe unpacks today with host Bryan Borzykowski. Joe also shares his thoughts on where he sees energy going this year, housing and mortgages, and earnings expectations for 2023, and will detail which conferences the Fidelity portfolio managers and research analysts have been attending lately.

Recorded on January 10, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-overdevest-jan10-23.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.

Early January’s jobs data out of the U.S. showed a smaller-than-expected increase in wage growth and a soft reading on service-sector activity for the month of December. The data came just days after the release of December’s FOMC minutes, which highlighted that the Fed is on track to keep rates high. But just how high will policy interest rates have to go? How is Fidelity’s Global Asset Allocation team responding to the current economic and monetary policy environment within their multi-asset class funds? To offer his insights on all this and more, we’re joined by Ilan Kolet, Institutional Portfolio Manager. Ilan notes that wage growth remains exceptionally robust in Canada and the U.S. – which leads to higher prices for goods and services passed on to the consumer. They also discuss inflation’s effect on the traditional 60/40 portfolio, with Ilan drawing comparisons between 2022 and the 1970s environment. He shares that commodities do well in the presence of elevated inflation. The Fidelity Inflation-Focused Fund was positioned in commodities throughout 2022. On the topic of positioning, we’ll also get an update from Ilan on the Fidelity Managed Portfolios, which includes some defensive positioning currently. Another key takeaway is Ilan noting that 2023 is an important year to closely follow Central Bank communication. More on this and more coming up.

Recorded on January 9, 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.

Joining us today for a look at the global markets is Jurrien Timmer, Director of Global Macro. Today with host Pamela Ritchie, Jurrien touches upon many topics including currency issues, China’s potential reopening, and how emerging markets will fare this year. Jurrien explains the importance of not getting caught up in the short-term moves in the market because ultimately it comes down to earnings and liquidity. He says his sense is that 2023 will be a year of frustration both for the bulls and the bears. He also adds that emerging markets may be the rising star this year led by China’s reopening after a zero-COVID policy environment. Per usual Jurrien will be sharing his charts so please head to @TimmerFidelity on Twitter to follow along.

Recorded on January 9, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-timmer-jan09.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.

Portfolio manager Brett Dley joins host Rory Poole to discuss Fidelity Market Neutral Alternative Fund. Brett talks about the diversification benefits that alternative investing brings to the table and why one should consider a long-short strategy. Brett explains the way he invests in this fund is by relative value investing. He doesn’t focus on the direction of the underlying market or asset class, rather he focuses on identifying situations where there are discrepancies between valuations and fundamentals. The aim is to have returns come strictly from stock vs. stock as they don’t have any market or style biases. Furthermore, he focuses on fundamentals and asks “has anything changed? Is my thesis incorrect? If nothing has changed, Brett maintains his conviction. In addition to his investment strategy, Brett discusses his thoughts on long and short positioning in 2023 and underlying themes and trends in health, tech and consumer discretionary.

Recorded on January 6, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-dley-jan6.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.

Today portfolio manager Ayesha Akbar joins us on the program to share her insights on how to navigate the global markets in 2023. For Canadian investors, Ayesha manages Fidelity Global Asset Allocation Fund. Ayesha says inflation will still be top of mind for many investors this year with energy and food prices the main drivers behind the ongoing inflation story. In terms of asset classes, Ayesha is leaning more toward bonds as she is not ready to put her focus on equities just yet. For her, 2023 is a mixed picture so far and her focus will continue to be on the U.S. Fed’s moves, the labour market in the U.S. and upcoming jobs and employment data.

Recorded on January 5, 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 show we’re shining the spotlight on ETFs with Vivian Hsu, Reetu Kumra and Meghan Chen. Our panel of ETF experts speak with host Pat Bolland, for a discussion that was recorded in front of a live audience at our December Focus 2022 event. Vivian is Director of Product Innovation – responsible for developing Fidelity Canada’s ETFs, Alternative, and ESG product strategy. Reetu, Analyst and Portfolio Manager, manages components of Fidelity Canadian Disciplined Equity Fund, as well as Fidelity Advantage Ether ETF and Advantage Bitcoin ETF. Meghan, Digital Assets Strategist, is responsible for research and development of our alternative products. Fidelity has been rounding out its product shelf with innovative new strategies, including our all-in-one ETFs and digital assets. Today the panel provides an overview of these products, reflects on the past year, and shares what they’re expecting from the ETF industry in 2023.

Recorded on December 9, 2022.

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.

Andrei Bruno, Director, ETF Capital Markets, joins us for a look at what may be on the horizon for capital markets in 2023. With host Pamela Ritchie today, Andrei reflects on this business cycle which has moved much faster than typical cycles. Andrei and Pamela also discuss what’s next from the U.S. Federal Reserve, the overall inflation story and if the traditional 60/40 portfolio is back. They’ll also look at earnings throughout 2023, Canadian real estate including if there is potential for higher mortgage defaults, Europe, ETF flows in 2022, and more. For more on the topic of 2022, ETF flows you can also listen to Andrei’s discussion with Etienne Joncas-Bouchard on our Fidelity ETF Exchange podcast that was released on January 2.

Recorded on January 4, 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.

Joining us today for a look at the global markets and what to keep an eye out for in 2023 is Jurrien Timmer, Director of Global Macro. Today with host Pamela Ritchie, Jurrien touches upon many topics including inflation, the bond market, value versus growth, and China. Jurrien believes we won’t dip into a recession unless the consumer stops spending and people start losing jobs. He says if it does happen, a recession will come in the second half of the year. He adds the energy sector will continue to be a secular outperformer as well as commodities in general.

Recorded on January 3, 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.

We’re joined today by Connor Gordon, co-manager of the new Fidelity Global Small Cap Opportunities Fund, which was launched in September 2022 for Canadian investors. The fund may be new to the public, but it builds off the success of an institutional version of the fund, that Connor and Chris Maludzinski have been managing since 2019. Connor shares the funds strategy and the appeal of global small caps with host Pat Bolland today. A key takeaway is that this fund focuses on two types of mispricing targeting both high-quality growth at a reasonable price and value stocks with a catalyst for improvement. Rather than being labeled as a growth or value fund, their style encompasses both. Prior to his portfolio management responsibilities, Connor joined Fidelity in 2009 as a research analyst covering the industrial, tech and healthcare sectors, and managed the corresponding components of the Fidelity Canadian Disciplined Equity Fund. From 2013 to 2019 he was a generalist analyst with responsibilities across all sectors and geographies with a focus on small- and mid-cap securities.

Recorded on December 9, 2022.

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 team behind Fidelity Global Intrinsic Value Class are today’s FidelityConnects podcast guests. Salim Hart, who initially joined Fidelity as a quantitative analyst, co-manages the fund alongside Morgen Peck and Sam Chamovitz. The three of them speak with host Pat Bolland today to share their thoughts on the markets, provide a fund update, and to discuss the transition of Morgen and Sam being added to the fund last year, leading up to portfolio manager Joel Tillinghast’s upcoming retirement in late 2023. They’ll also reflect on how the fund is designed to navigate challenging market conditions, and share where globally they are finding cheap and high-quality companies these days, among other topics.

Recorded on December 9, 2022.

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.