FidelityConnects

Given the uncertainty that has dampened market sentiment in recent months, what should investors be thinking about when it comes to managing volatility in the current market environment? At a time when central banks are grappling with persistently higher inflation, and geopolitical stresses are affecting market mechanics and economic growth, investors are wondering how far will central banks be willing to go in monetary policy normalization. We’ll answer that question today with portfolio managers David Wolf and David Tulk, from Fidelity’s global asset allocation team, the group behind many multi-asset class funds for Canadian investors, including the Fidelity Managed Portfolios suite, and Fidelity Inflation-Focused Fund. Also today with host Pamela Ritchie, David Wolf and David Tulk discuss if the outlook for emerging markets has changed, and will the disruption in global supply chains and higher energy prices act as a brake on the world economy? They’ll also summarize where they are seeing opportunities in the second quarter of 2022, and how they may be repositioning their funds accordingly.

Recorded on April 5, 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. For more information on Fidelity Mutual Funds and ETFs, visit www.fidelity.ca.

FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2021 Environics’ Advisor Digital Experience Study.

In March, Federal Reserve Chairman Jerome Powell asserted that he and his colleagues hoped that interest rate increases would help the economy achieve a soft landing, with inflation coming down and unemployment holding steady. But inflation is higher, the labour market is tighter, and real rates are more negative than in past periods when the Fed raised rates without causing a recession. So what are the odds that a soft landing is actually possible? And what does history tell us about the various scenarios we could see playing out in the coming months? We’re joined again today by Fidelity’s Director of Global Macro, Jurrien Timmer, to make sense of the latest data he is watching, along with relevant historical analogs. Also, per usual, Jurrien will be sharing some charts, so please head to @TimmerFidelity on Twitter to follow along.

Recorded on April 4, 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. For more information on Fidelity Mutual Funds and ETFs, visit www.fidelity.ca.

FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2021 Environics’ Advisor Digital Experience Study.

Bobby Barnes, Head of Quant Index Solutions, joins us again for a look at factors in focus right now. Lately we’ve also heard about sectors and factors from Etienne Joncas-Bouchard, Denise Chisholm, and others. Today, Bobby points out to host Pamela Ritchie that a Fidelity advantage is that there is no “house view”, and there are complementary and contrasting views on all topics, which leads to some engaging discussions. Also today, Bobby looks at the probability of a mid-cycle slowdown in 2022, and how consumer’s purchasing power is being pinched due to the differences in wage growth and inflation. Additionally, Bobby highlights it is important to look at companies with positive earnings revisions, noting some factors with positive earnings revisions include Momentum, Low Volatility, and Quality.

Recorded on April 1, 2022.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript_podcast_fidelityconnects_barnes_apr1.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. For more information on Fidelity Mutual Funds and ETFs, visit www.fidelity.ca.

FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2021 Environics’ Advisor Digital Experience Study.

It’s no surprise that market sentiment in recent months has in many ways been shaped by negative news coverage, from high inflation and volatility to geopolitical conflicts and supply chain issues. But the headlines don’t tell the whole story of all the dynamics at play. Denise Chisholm, Director of Quantitative Market Strategy, joins us again today. Denise is a student of history who uses historical probability analysis when looking at the markets, and today she joins us for her sector watch - highlighting the sectors, factors, and underlying indicators investors should be monitoring to evaluate the strength of the markets. A few main topics discussed today include emerging markets valuations, energy and crude oil prices, financials, health care, and tech.

Recorded on March 31, 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. For more information on Fidelity Mutual Funds and ETFs, visit www.fidelity.ca.

FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2021 Environics’ Advisor Digital Experience Study.

Portfolio manager of Fidelity Long/Short Alternative Fund, David Way, joins us today. Dave notes there is a lot for portfolio managers to take in right now. Between the stock market and world events there are a lot of factors to analyze, figure out what matters and invest accordingly. Dave shares he is looking for situations where something different is happening from what everyone thinks is happening. He also highlights the benefits of having a long/short fund, which expands his opportunity set and allows him to really drill down to individual companies to see if they are a good long or short opportunity. Also today Dave looks at supply chain issues and commodity shortages, leisure and travel increasing, ESG trends, housing market trends, as well as inflation, rising interest rates and the effect on consumer spending.

Recorded on March 29, 2022.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript_podcast_fidelityconnects_way_mar29.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. For more information on Fidelity Mutual Funds and ETFs, visit www.fidelity.ca.

FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2021 Environics’ Advisor Digital Experience Study.

Today we’re looking at portfolio construction with Paul Ma, VP, Lead Portfolio Strategist, with Fidelity Investments in Boston. Paul shares his perspectives that may helpful for both financial advisors and investors. Paul believes we have to learn to live with inflation, and that it will be with us longer, and higher. He explains the benefits of inflation-hedges such as energy and commodities on today’s show. Also, Paul believes we’re still in mid-cycle, and with host Pamela Ritchie, Paul looks at the traditional 60/40 portfolio and shares his thoughts on adapting that in the current environment. Additionally, Paul shares how advisors could arrange a portfolio for the habits of younger investors, and looks at wealth-transfer and the habits of Baby Boomers, Gen X, and Gen Y. This includes thoughts on crypto and bitcoin, which Paul compares to early boom or bust days of tech – noting that having a small allocation to bitcoin in a portfolio may be beneficial, but having too much could increase volatility.

Recorded on March 24, 2022.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript_podcast_fidelityconnects_ma_mar24.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. For more information on Fidelity Mutual Funds and ETFs, visit www.fidelity.ca.

FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2021 Environics’ Advisor Digital Experience Study.

As markets are rapidly adjusting to a new reality in the rates markets, the effects are rippling through the equity and bond markets. Jurrien Timmer, Director of Global Macro, is back again for his weekly update touching on global macro trends and sharing his valuable market perspectives. Per usual, Jurrien will have a few charts so please head to @TimmerFidelity on Twitter to follow along. Today with host Pamela Ritchie, Jurrien looks at the U.S. Federal Reserve’s anticipated moves in the coming months and also draws some comparisons to the Fed’s moves in the 90’s. Jurrien also looks at valuations, earnings estimate progression, and how the copper to gold ratio is a good proxy for where bond yields should be.

Recorded on March 28, 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. For more information on Fidelity Mutual Funds and ETFs, visit www.fidelity.ca.

FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2021 Environics’ Advisor Digital Experience Study.

In today’s rapidly evolving global economy, investors are seeking to take advantage of opportunities created by changing market dynamics while mitigating risk. In addition to investment considerations like diversification across regions, market caps, and styles, investors are also looking at what factors may be in favour in the months ahead. Étienne Joncas-Bouchard, ETF Strategist, looks at how various factors like Value, Quality, and Low Volatility could perform in the volatile market environment we’ve been in lately with surging inflation, rising interest rates, and geopolitical developments. Etienne further explains how factors traditionally perform at different parts of the market cycle, discusses how Fidelity All-in-One ETFs are positioned in this environment, and shares information on rebalancing made lately to Fidelity’s factor ETFs.

Recorded on March 25, 2022.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript_podcast_fidelityconnects_joncas-bouchard_mar25.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. For more information on Fidelity Mutual Funds and ETFs, visit www.fidelity.ca.

FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2021 Environics’ Advisor Digital Experience Study.

David Tulk, portfolio manager on Fidelity’s Global Asset Allocation Team, joins us today for a look at today’s market landscape, specifically focusing on inflation and fund positioning. David and the G.A.A. team manage many multi-asset funds for Canadian investors, including the Fidelity Managed Portfolios suite of funds and Fidelity Inflation Focused Fund. In addition to inflation and fund positioning, among other topics today, David and host Pamela Ritchie look at the recent comments from Jerome Powell and the U.S. Federal Reserve, the elevated commodity environment of late and what it means to Canada, and the health of the consumer.

Recorded on March 22, 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. For more information on Fidelity Mutual Funds and ETFs, visit www.fidelity.ca.

FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2021 Environics’ Advisor Digital Experience Study.

Investors have been faced with several complex and unprecedented challenges in recent months, whether it's contending with surging inflation, ongoing supply chain issues or, of course, the war in Ukraine. Volatility and uncertainty have so far defined global markets in 2022. Portfolio manager Ayesha Akbar joins us today to unpack what role active asset allocation can play in enabling investors to take advantage of market opportunities across regions and asset classes. Ayesha shares with host Pamela Ritchie how she is navigating the global marketplace and how she's currently positioning her fund, Fidelity Global Asset Allocation Fund, a global core holding with a neutral mix of 65% equities, 30% fixed income, and 5% cash equivalents.

Recorded on March 18, 2022.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript_podcast_fidelityconnects_akbar_mar18.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. For more information on Fidelity Mutual Funds and ETFs, visit www.fidelity.ca.

FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2021 Environics’ Advisor Digital Experience Study.