Our discussions surrounding the 2021 Canadian federal election continue with another Fidelity expert panel. Peter Bowen, VP of Tax and Retirement Research, Andrew Clee, VP of Product, and Ilan Kolet, Portfolio Manager on the Global Asset Allocation team discuss the election results with host Pamela Ritchie. The panel reflects on the tax and investment implications for Canadians overall, and specifically for financial advisors. The content in this episode is suited for a financial professional audience. Personal investors are encouraged to listen to the “Canada election: Insights and analysis for investors” episode.

Recorded on September 21, 2021.

Jeremy Podger, portfolio manager of Fidelity Global Fund, discusses his portfolio positioning and shares his regional outlooks amidst an uneven global recovery. Jeremy breaks his holdings into three categories - change, value and franchise - with different criteria and time horizon expectations applied to each category. Jeremy shares where he is currently finding opportunities around the world, noting he has been adding more names based in India of late. Jeremy speaks about the distortion in labour markets in both the U.S. and Europe, looks at slowing growth in China, discusses the developed world recovering faster than emerging markets, and shares his thoughts on financials, consumer staples, and health care.

Recorded on September 14, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_podger_14sept.pdf

News outlets projected another minority government late Monday night as voters dealt Liberal leader Justin Trudeau nearly the same hand of cards he had when the campaign began. Join Fidelity’s expert panel for a discussion about the potential tax and investment implications for investors following the Canadian election. Michelle Munro, Director of Tax and Retirement Research, Nicolas Bellemare, Equity Research Analyst, and Reetu Kumra, Equity Research Analyst, join host Jason Stahl to unpack the election results, share what to look out for in the markets, and look at important platform points including housing, climate change, and vaccination rates.

Recorded on September 21, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_munro_bellemare_kumra_21sept.pdf

Fidelity experts share an interactive panel discussion on equity research findings and investment opportunities across leading sectors. Director of research and portfolio manager Joe Overdevest joins the show today, along Nicolas Bellemare and Reetu Kumra, equity research analysts. The panel discusses a wide array of topics, including housing and commercial real estate, financials, insurance, commodities and tech. Joe shares insights into Fidelity’s research capabilities, and the sheer amount of company access and research available to the team of portfolio managers and research analysts. The panel also unpacks about how potential outcomes to the Canadian Federal Election may affect banks.

Recorded on September 16, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_analyst_panel_16sept.pdf

Fixed-income portfolio manager Sri Tella shares his perspectives on the Canadian economy, and unpacks the big inflation debate in the markets right now. For Canadian investors, Sri has portfolio manager or subportfolio manager responsibilities on 12 Fidelity Canada mutual funds, ETFs and private pools. Today, Sri looks at the upcoming Canadian federal election. Sri also comments on housing and Canada’s debt levels, among other topics. Sri explains how the bond markets may be affected by the Bank of Canada keeping it’s key interest rate target and the U.S. Federal Reserve planning to dial back it’s ultra-low rate policies.

Recorded on September 16, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_tella_16sept.pdf

Portfolio manager Steve MacMillan shares that he is currently focusing on business that are gaining market share, and have secular growth to them. He’s not necessarily looking for businesses that need a strong economy to grow, but rather ones that can do well regardless of what the economy is doing. Steve manages Fidelity Small Cap America Fund and American Equity Fund. Steve also co-manages Fidelity CanAm Opportunities Class with Mark Schmehl. Steve believes that U.S. equities offer a complement to Canadians. Also that the technology and consumer sectors are larger in the U.S. than in Canada, while the energy and financials sectors are smaller parts on the U.S. market compared to Canada.

Recorded on September 15, 2021.

Bobby Barnes, Head of Quant Index Solutions, looks at which factors are in focus as we enter the fourth quarter of 2021, also with an eye on next year. Bobby shares that over the next few months he sees opportunities for early cycle dynamics - pro-cyclical industries and factors that do well when the economy is reaccelerating. For next year, at this point Bobby sees policy easing, noting as the business cycle moves into mid-cycle, the Fed doesn’t need to provide the same amount of stimulus. Bobby also looks at the trajectory for growth stocks, interest rates, and speaks about how this is a unique environment to invest in dividends.

Recorded on September 10, 2021.

Sector strategist Denise Chisholm shares her insights into the economic outlook for the rest of the year and touches on the disconnect between valuations and earnings.  Denise shares what she thinks about the valuations of stocks at the moment.  She points out valuations are down 40 percent from the peak in 2009 and down 10 to 15 percent year over year. She says valuations shouldn’t be a critical driver for investors because historical data shows, more likely than not, that earnings are not always right. Other topics she tackles, the Federal reserve reducing bond purchases, what sectors she is keeping an eye on, and CPI and inflation expectations.

Recorded on September 13, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_chisholm_13sept.pdf

Nicole Connolly manages the Women’s Leadership Fund and discusses how investing in companies that prioritize and advance women's leadership and development could potentially offer investors strong risk adjusted returns.  Nicole says the interest in ESG is changing and that we just experienced a record flow year of $50 billion into the space just last year. Demographic tailwinds are pushing the movement of "investing for impact." Nicole also discusses the impact of climate investing, how Fidelity gauges company viability and other ESG-friendly trends.

Recorded on September 8, 2021

On today’s episode, we welcome Peter Bowen, VP Tax and Retirement Research and Andrew Clee, VP of Product, for a panel discussion on the tax and investment implications of the 2021 Canadian federal election. From rising inflation to housing costs and other economic issues, Peter and Andrew lay out the platforms of the different parties and what it could mean for investors. The panelists expand on possible outcomes of the election, what it could mean for future spending, what sectors could be affected, and how it could change various tax issues and rules.