FidelityConnects

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

Sustainable investing is a topic making headlines around the world. Host Emily Anonuevo speaks with Nicole Connolly, portfolio manager and head of ESG investing, and Courtney Bedell, ESG analyst, about why sustainable investing matters and its role in today’s global markets. Flows into ESG-focused products were at a record high in the U.S. last year as more and more investors look to align their investments with their values. Nicole and Courtney unpack recent trends and what the future of sustainable investing looks like. In addition to record flows, Nicole and Courtney share that the Global Clean Energy Index had a strong run after President Biden’s win, but has underperformed lately. Nicole believes we’re in the early innings of a massive market share shift from fossil fuels to renewable energy. Courtney discusses Fidelity’s ESG ratings system for companies, and Nicole shares a bit about her fund, Fidelity Women’s Leadership Fund, and recent growth of women in positions of leadership in companies.

Recorded on June 10, 2021.

Sustainable investing is a topic making headlines around the world. Host Emily Anonuevo speaks with Nicole Connolly, portfolio manager and head of ESG investing, and Courtney Bedell, ESG analyst, about why sustainable investing matters and its role in today’s global markets. Flows into ESG-focused products were at a record high in the U.S. last year as more and more investors look to align their investments with their values. Nicole and Courtney unpack recent trends and what the future of sustainable investing looks like. In addition to record flows, Nicole and Courtney share that the Global Clean Energy Index had a strong run after President Biden’s win, but has underperformed lately. Nicole believes we’re in the early innings of a massive market share shift from fossil fuels to renewable energy. Courtney discusses Fidelity’s ESG ratings system for companies, and Nicole shares a bit about her fund, Fidelity Women’s Leadership Fund, and recent growth of women in positions of leadership in companies.

Recorded on June 10, 2021.

As we enter the second half of 2021, Jurrien Timmer, Director of Global Macro, dives into historical analogs relevant to today's moments in the markets. Jurrien shares with host Pamela Ritchie what he has observed so far throughout 2021, and he notes that markets have essentially discounted everything correctly. Jurrien unpacks the growth to value rotation that has been taking place within the past six months. He shares that we see a counter-rotation since bond yields have peaked and are now starting to moderate. Jurrien also looks at unemployment rates in the U.S., U.S. fiscal stimulus, and if a correction may be likely in the future. Follow along with Jurrien's charts on Twitter: @TimmerFidelity

Recorded on June 14, 2021.

As we enter the second half of 2021, Jurrien Timmer, Director of Global Macro, dives into historical analogs relevant to today's moments in the markets. Jurrien shares with host Pamela Ritchie what he has observed so far throughout 2021, and he notes that markets have essentially discounted everything correctly. Jurrien unpacks the growth to value rotation that has been taking place within the past six months. He shares that we see a counter-rotation since bond yields have peaked and are now starting to moderate. Jurrien also looks at unemployment rates in the U.S., U.S. fiscal stimulus, and if a correction may be likely in the future. Follow along with Jurrien's charts on Twitter: @TimmerFidelity

Recorded on June 14, 2021.

Much of the world economy is undoubtedly in a reopening phase, making it an exciting time to be an investor.  In today's episode, we welcome Fidelity's head of Quantitative Index Solutions and former NASA engineer Bobby Barnes to weigh in on factor investing, value, momentum, and inflation.  Bobby believes that with the Covid shutdown and reopening, there are three pillars driving stock performance: changes in mind share, time share, and wallet share.  He notes that with the reopening, you now have competition for your time, mind share and your wallet.  Bobby discusses how commodities can be used as a tool in an inflationary period.  He says for Canadian investors; it would be better to play it regionally, meaning if you are just overweight in Canada, it can help expose you to commodities.  Furthermore, Bobby weighs in on the "reddit revolution," noting that it has boosted the performance of some of these factors in a reopening environment. He also shares his thoughts on value stocks, stating that many value stocks are older companies in the more traditional parts of the market.

Much of the world economy is undoubtedly in a reopening phase, making it an exciting time to be an investor.  In today's episode, we welcome Fidelity's head of Quantitative Index Solutions and former NASA engineer Bobby Barnes to weigh in on factor investing, value, momentum, and inflation.  Bobby believes that with the Covid shutdown and reopening, there are three pillars driving stock performance: changes in mind share, time share, and wallet share.  He notes that with the reopening, you now have competition for your time, mind share and your wallet.  Bobby discusses how commodities can be used as a tool in an inflationary period.  He says for Canadian investors; it would be better to play it regionally, meaning if you are just overweight in Canada, it can help expose you to commodities.  Furthermore, Bobby weighs in on the "reddit revolution," noting that it has boosted the performance of some of these factors in a reopening environment. He also shares his thoughts on value stocks, stating that many value stocks are older companies in the more traditional parts of the market.

Portfolio manager David Wolf shares his global outlook and his fund positioning across asset classes and regions, and weighs in on changing monetary and fiscal policy. Inflation is at 5%, and in the U.S., core inflation (excluding food and energy) is up to 3.8%. David believes that in the near term, supply and demand are the most significant factors of inflation, noting that we have supply chain disruptions from COVID. David notes that the housing market has come to dominate the economy as it represents a record portion of capital spending. He believes that if a policy does not address this issue, there will be a natural correction sometime in the future. David explains how the Global Asset Allocation team keeps balanced portfolios, and he also shares how often the team rebalances portfolios, and the unique tactical opportunities this year has provided.

Recorded on June 10, 2021.

Portfolio manager David Wolf shares his global outlook and his fund positioning across asset classes and regions, and weighs in on changing monetary and fiscal policy. Inflation is at 5%, and in the U.S., core inflation (excluding food and energy) is up to 3.8%. David believes that in the near term, supply and demand are the most significant factors of inflation, noting that we have supply chain disruptions from COVID. David notes that the housing market has come to dominate the economy as it represents a record portion of capital spending. He believes that if a policy does not address this issue, there will be a natural correction sometime in the future. David explains how the Global Asset Allocation team keeps balanced portfolios, and he also shares how often the team rebalances portfolios, and the unique tactical opportunities this year has provided.

Recorded on June 10, 2021.

As Canada and the U.S. anticipate a return to pre-COVID business activity, Darren Lekkerkerker, portfolio manager, shares his perspectives on valuations, what the markets may have priced in and where he is seeing opportunities and strong fundamentals. Darren manages Fidelity North American Equity Class, and focuses solely on high-quality businesses. There’s been much discussion centred around the market’s rotation to value lately. Darren adds that cyclical and commodities provide opportunity since they are relatively inexpensive but still have a lot of earnings growth. Two commodities that he finds particularly attractive are agriculture stocks and copper producers. Darren believes that copper is a “green metal” as it is less cyclical and more secular. Darren also notes that he is bullish on Canada and the U.S. since they have a lot of built-up savings from the pandemic. Additionally, he shares his views on data and technology, as well as labour and wages.

Recorded on June 9, 2021.