FidelityConnects

Fidelity ETF strategists Étienne Joncas-Bouchard and Himesh Patel share a discussion with host Pamela Ritchie on equity ETFs, the various factors at play and how Fidelity All-in-One ETFs are positioned. Himesh explains that we haven’t seen inflation over the last few decades, and he thinks it will be one of the biggest themes we’ll continue talking about for many years. Étienne reflects on factors that perform well during times of inflation. He also discusses the Fidelity All-in-One ETFs and how they are positioned, noting that all-in-one, multi-asset solutions have been very in demand this year with momentum starting to build from a flows standpoint last year. Étienne and Himesh promote that a diversified approach can help combat market volatility. This is also reinforced by looking at the market action over the last few weeks and the growth vs. value fight that’s been happening for a while. For more from Étienne and Himesh, you can listen to their podcast “The Fidelity ETF Exchange”, posted monthly on this FidelityConnects channel.

Recorded on October 1, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_bouchard_patel_1oct.pdf

Fidelity ClearPath Portfolios automatically adjust their investment mix for your time horizon, making you less vulnerable to market swings as you approach your goal. The farther way from your goal, the more stocks your Portfolio will hold for growth. The closer you get to your goal, the more bonds and cash your Portfolio will hold to preserve gains and generate income. Bruno Crocco, Portfolio Manager, and Ruthann Pritchard, Institutional Portfolio Manager join the show today for a discussion on Fidelity’s ClearPath suite of products. Bruno and Ruthann discuss the investment thesis of the ClearPath funds, and the mechanics of the roll down strategy. Which Ruthann shares is a glidepath based approach with these portfolios become more diversified and conservative over time as they reach their target date. These funds use active management and Fidelity’s top managers as building blocks and today Bruno and Ruthann expand on how the funds are positioned currently, how they will combat inflation, and how the funds are supported by Fidelity’s global resources.

Recorded on September 30, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_crocco_pritchard_30sept.pdf

Jurrien Timmer, Director of Global Macro, joins us again for his regular look at the markets. Today, Jurrien and host Pamela Ritchie look at where we are in the markets and what trends Jurrien is seeing. Jurrien also comments on what the U.S. Federal Reserve is watching in the markets, and he’ll dive into unemployment numbers in the United States. Jurrien also looks at the Federal Reserve tapering, shares issuance, gives his insights on oil and gas, and looks at flows into money market funds, bonds, and equities. Head to @TimmerFidelity on Twitter to follow along with a few charts.

Recorded on October 4, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_timmer_04oct.pdf

Joining host Pamela Ritchie for a thorough discussion on the sectors and themes shaping 2022 and beyond is Denise Chisholm, Director of Quantitative Market Strategy, and Christopher Lee, Portfolio Manager. Denise explains why we have to understand what thematic investing is, to better understand the potential for disruption in the markets. Denise also shares what lessons have been learned from 2020, 2021, and throughout the past using historical probability. Chris introduces the new Fidelity Disruptors™ Class and Disruptive™ Automation Class, two global equity strategies which are designed to invest in innovative business models, emerging industries and technologies that the portfolio manager team believes have the potential to disrupt or displace incumbents over time. Chris also expands on the collaborative approach to idea generation for the funds. Denise and Chris also look at the theme of automation, how individual companies progress towards maintaining disruption is monitored and what are some of the quant determinants of a disruptive company.

Recorded on September 29, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_access2021_chisholm_lee.pdf

Portfolio manager Patrice Quirion is focused on finding growth at a reasonable price. This means looking for good companies that might have been overlooked. This approach results in Patrice building Fidelity Global Concentrated Equity Fund and International Concentrated Equity Fund with three categories - quality growth, quality defensive and quality cyclical. He believes most of his opportunities will come from quality cyclical stocks. Patrice reflects on the last 18 months since the March 2020 correction, sharing that markets have bounced back strongly, evaluations are moving up, earnings estimates reflect a better future, and large amounts of liquidity have been put into the system resulting in some parts of the market being more profitable. As someone who looks globally for opportunities, Patrice shares which geographic sectors are a current focus, including exposure to emerging markets. He’ll also speak to inflation and interest rates, ESG in his portfolio, and market reactions and psychology, among other topics.

Recorded on September 29, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_access2021_quirion.pdf

Dividends are focus today with portfolio manager Don Newman. Don explains his investment process to host Pat Bolland, noting he is trying find good companies at reasonable prices that will maintain and grow dividends over time. He also looks to leverage Fidelity’s research process in finding these companies. Don examines the current inflationary landscape, and shares what he is keeping an eye on from a macro perspective. Don also explains the differences between Fidelity Dividend Fund and Fidelity Dividend Plus Fund. Don will be appearing on our live public webcast series The Upside on Thursday October 21st. If you’d like to learn more about dividend investing and participate in a Q&A with Don, you can register at fidelity.ca > Investor Education > The Upside

Recorded on September 29, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_access2021_newman.pdf

Portfolio manager Sam Polyak joins host Pamela Ritchie for a discussion on emerging markets. For Canadian investors, Sam manages Fidelity Emerging Markets Fund, and takes a “growth at a reasonable price” approach. Sam shares that Brazil, India and Indonesia had a tough time with COVID but now has higher vaccination rates. Investment opportunities are being created by people in those countries staying at home less, traveling more, and spending more. Among other topics, Sam and Pamela also look at investing in China, which includes certain domestic companies performing well of late, and a current trend of premiumization in China. Sam notes that emerging markets are a good place for U.S. and Canadian investors to diversify grow at different speeds and cycles from developed countries.

Recorded on September 29, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_access2021_polyak.pdf

Jurrien Timmer, Director of Global Macro, is back for his regular look at global markets and macro developments. Today, Jurrien looks at recent movements in the market spurred by developments in China. He will also unpack the seasonal wobble that historically calls for a market peak in the first week of September before some volatility. Jurrien also discusses how much of an impact the U.S. presidential cycle may have on the markets, as well as looking at emerging markets, crypto, and tapering by the U.S. Fed. Follow along with Jurrien’s slides by visiting @TimmerFidelity on Twitter.

Recorded on September 27, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_timmer_27sept.pdf

The global consumer landscape has changed dramatically over the last year-and-a-half. Online shopping, grocery delivery, and streaming services, for instance, soared during the pandemic, but with many major economies now reopening, consumer trends are evolving as more people choose to spend their money on entertainment and leisure travel. Portfolio manager Aneta Wynimko discusses this new global consumer landscape, where consumer spending is taking place and how it is evolving as economies continue to reopen. Aneta manages Fidelity Global Consumer Industries Fund and joins us today from London, England. Aneta also looks at current trends in terms of values, lifestyles, preferences, and savings. She shares that the middle class in China has been growing and continuing to grow. Aneta also discusses the growing trend globally away from “fast fashion” instead with a focus on high quality clothing that can be owned longer or resold.

Recorded on September 24, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_wynimko_24sept.pdf

In the 22nd episode of the Fidelity ETF Exchange - powered by FidelityConnects, co-hosts Étienne Joncas Bouchard and Himesh Patel welcomed Rory Poole to the show. Rory is an Alternatives Strategist at Fidelity Investments Canada. In today’s discussion, our panel along with our guest, took the time to explore the different types of Alternative strategies that exist in the Canadian market place, what role they can play in a portfolio, as well as the potential for growth of Alternative strategies in the ETF space.

Recorded on September 23, 2021.