FidelityConnects

Fidelity International's Investment Director Tom Stevenson joins host Pamela Ritchie on the program to discuss his thoughts on the most recent FOMC (Federal Open Market Committee) meeting in Europe.  Headquartered in London, England, Tom shares his thoughts on inflation and the reopening trade.  Tom notes that the reopening trade in the UK is alive and kicking.  He says that people are starting to shop and spend, which indicates they are getting back to work.  At 2.1%, inflation in the UK was well ahead of expectations as it was originally forecasted to be closer to 1.8%.  Tom unpacks the events during the FOMC meeting and notes that the market reaction was not a surprise.  In this episode, Tom also looks at commodities, key investment themes in the long term, and shares his thoughts on the direction of the pound relative to the the US dollar.

Recorded on June 18, 2021. 

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_stevenson_18-june.pdf

Commodities are a hot topic among many investors, and there are various ways to play them in the overall market. One way is to invest in the producers of these commodities. Sector Strategist, Denise Chisholm, shares with host, Pamela Ritchie, why gold producers may be an interesting choice to consider.  She also comments on inflation and interest rates. Historically, in the short term, inflation and interest rates have almost a zero-rolling correlation. Denise says rising interest rates will shift what leads in the market relative to other cycles. And history also tells us that we see a shift to commodity producers and value stocks overall, and gold miners now fit into both of those buckets. Additionally, Denise discusses how Bitcoin fits into the discussion of gold miners and the connection between inflation, reflation, and the growth story of the economy.

Commodities are a hot topic among many investors, and there are various ways to play them in the overall market. One way is to invest in the producers of these commodities. Sector Strategist, Denise Chisholm, shares with host, Pamela Ritchie, why gold producers may be an interesting choice to consider.  She also comments on inflation and interest rates. Historically, in the short term, inflation and interest rates have almost a zero-rolling correlation. Denise says rising interest rates will shift what leads in the market relative to other cycles. And history also tells us that we see a shift to commodity producers and value stocks overall, and gold miners now fit into both of those buckets. Additionally, Denise discusses how Bitcoin fits into the discussion of gold miners and the connection between inflation, reflation, and the growth story of the economy.

Today, social change is all around us. For investors, this has created a new opportunity for outperformance while also positively affecting change. Portfolio Managers Hugo Lavallée and David Way discuss taking advantage of long-term trends while incorporating Environmental, Social, and Corporate Governance (ESG) factors. Hugo manages the Fidelity Climate Leadership Fund, and David manages the Fidelity Long/Short Alternative Fund. Both Hugo and David explain the E, the S, and G factors individually and how a changing society creates new opportunities. David notes that he is focusing on the S factor from a long and a short perspective. He shares some of the ways the team determines which companies meet the ESG criteria. He says it poses questions across the most pertinent issues affecting individual industries. Hugo adds Fidelity has an edge on the crowded marketplace because it takes time to engage in different issues. 

Today, social change is all around us. For investors, this has created a new opportunity for outperformance while also positively affecting change. Portfolio Managers Hugo Lavallée and David Way discuss taking advantage of long-term trends while incorporating Environmental, Social, and Corporate Governance (ESG) factors. Hugo manages the Fidelity Climate Leadership Fund, and David manages the Fidelity Long/Short Alternative Fund. Both Hugo and David explain the E, the S, and G factors individually and how a changing society creates new opportunities. David notes that he is focusing on the S factor from a long and a short perspective. He shares some of the ways the team determines which companies meet the ESG criteria. He says it poses questions across the most pertinent issues affecting individual industries. Hugo adds Fidelity has an edge on the crowded marketplace because it takes time to engage in different issues. 

In the 19th episode of the Fidelity ETF Exchange - powered by FidelityConnects, co-hosts Étienne Joncas Bouchard and Himesh Patel welcome Cameron Chamberlain to the show. Cameron is a Portfolio Strategist at Fidelity Investments Canada. Today’s discussions is centred around what building blocks to consider when building a fixed-income portfolio, some of the things to watch out for, as well as the panels perspectives on fixed-income markets.

Recorded on June 14, 2021.

In the 19th episode of the Fidelity ETF Exchange - powered by FidelityConnects, co-hosts Étienne Joncas Bouchard and Himesh Patel welcome Cameron Chamberlain to the show. Cameron is a Portfolio Strategist at Fidelity Investments Canada. Today’s discussions is centred around what building blocks to consider when building a fixed-income portfolio, some of the things to watch out for, as well as the panels perspectives on fixed-income markets.

Recorded on June 14, 2021.

Looking ahead to the second half of 2021, Max Lemieux, portfolio manager, discusses his outlook for Canadian equities and his portfolio positioning. Economic reopenings and a global growth spurt favouring cyclicals have contributed to making Canada an attractive place to invest of late. Max notes that the Canadian dollar has had a strong correlation with both oil and gas, and energy; however, it is hard to predict currency movements. Max notes Fidelity True North® Fund is currently well-diversified, and he shares how it is positioned at sector level. Additionally, Max reflects on how Canada looks to the rest of the world, the health of the Canadian consumer, and the impact of the housing market on the financial sector.

Recorded on June 15, 2021.

Looking ahead to the second half of 2021, Max Lemieux, portfolio manager, discusses his outlook for Canadian equities and his portfolio positioning. Economic reopenings and a global growth spurt favouring cyclicals have contributed to making Canada an attractive place to invest of late. Max notes that the Canadian dollar has had a strong correlation with both oil and gas, and energy; however, it is hard to predict currency movements. Max notes Fidelity True North® Fund is currently well-diversified, and he shares how it is positioned at sector level. Additionally, Max reflects on how Canada looks to the rest of the world, the health of the Canadian consumer, and the impact of the housing market on the financial sector.

Recorded on June 15, 2021.

Notre hôte Charles Danis reçoit les gestionnaires de portefeuille Maxime Lemieux et Patrice Quirion pour une discussion approfondie sur l’état actuel des marchés, et la structure de leurs portefeuilles face à l’accélération des réouvertures et à la reprise mondiale inégale. Maxime Lemieux s’intéresse principalement aux actions canadiennes et Patrice Quirion est à la barre de mandats mondiaux, de sorte que réunis, ils brossent un tableau complet du paysage des placements. MM. Lemieux et Quirion sont tous deux à la recherche de sociétés de qualité qui se négocient à prix raisonnables.

Date : 15 juin 2021