As the COVID-19 pandemic continues to disrupt traditional supply chains and affect manufacturing in emerging and frontier markets, Adam Kutas, portfolio manager of Fidelity Frontier Emerging Markets Fund, discusses hidden opportunities and his outlook on the market. Adam is focused on investing in parts of the word that are poised to grow over the next decade, and his goal is to create differentiated, structural growth that will diversify a portfolio into markets that are growing on a structural basis over time. He is focusing effectively on finding “new China” opportunities, which are currently where today’s emerging markets were 20-30 years ago.

Recorded on April 21, 2020.

Portfolio manager Will Danoff, manager of Fidelity Insights Class, discusses his outlook for the U.S. and global markets. Will’s investment mandate is focused on capital appreciation, with a growth bias. He believes stock prices have a strong correlation to earnings-per-share, which is why he seeks companies that have a positive long-term outlook for earnings. During the market downturn due to COVID-19, Will has made little to no change in his investment process. He notes that the market has become very short-term-oriented; he thinks in terms of three- to five-year time periods, as opposed to what the market may be focusing on. In the current circumstances, Will reminds investors of the benefits of working with an advisor to reflect on their investments and financial goals.

Recorded on April 20, 2020.

Le stratège en FNB, Étienne Joncas-Bouchard, est notre invité aujourd’hui. Il partage son point de vue sur les pratiques exemplaires en matière de FNB et explique pourquoi les investisseurs particuliers devraient obtenir des conseils professionnels pour leurs objectifs à long terme et au moment de choisir des FNB factoriels. Considérez une approche axée sur les facteurs si vous recherchez un potentiel de rendements excédentaires, un contrôle accru de l’exposition au risque et des résultats de placement précis.

Date : 17 avril 2020

Andrew Clee, VP ETFs, and Vivian Hsu, Director ETFs, reflect on 2020 trends and share their outlook on ETFs and the markets. Andrew and Vivian debunk the most popular myths about ETF investing and share the advantages of professional guidance, and choosing a factor-based approach to ETF investing. A factor-based approach should be considered when seeking the potential for excess returns, more control over risk exposure, or specific investment outcomes.

Recorded on April 17, 2020.

Global equities portfolio manager Patrice Quirion shares his key points for investors to consider right now. Patrice believes there are reasons to be optimistic about the pace of recovery once the virus appears to be under control. This is assuming a recovery happens in weeks or months, as opposed to quarters from now. His reasons for believing there may be a faster-than-expected recovery include the fact that interest rates are now at 0% across the globe, and that fiscal stimulus is now being deployed (and likely will become more aggressive in the short term). Also, low oil prices provide additional consumer stimulus and perhaps most importantly, the global consumer was generally in a good position entering this economic event. We could therefore see a lot of demand being potentially delayed instead of disappearing entirely, which may create an environment supportive of a quick economic recovery.

Recorded on April 16, 2020.

Patrice Quirion, gestionnaire de portefeuille chez Fidelity, traite des éléments clés que les investisseurs canadiens doivent prendre en considération actuellement. Une fois que le virus semblera maîtrisé, M. Quirion estime que plusieurs facteurs justifient de se montrer optimiste quant au rythme de la reprise. Une fois que le virus semblera maîtrisé, M. Quirion estime que plusieurs facteurs justifient de se montrer optimiste quant au rythme de la reprise, en supposant qu’elle survienne d’ici quelques semaines ou mois, et non trimestres. De fait, le gestionnaire de portefeuille croit que la reprise pourrait être plus rapide que prévu en raison, notamment, des taux d’intérêt actuels à 0 % à l’échelle mondiale et des mesures budgétaires actuellement mises en œuvre (qui sont appelées à être encore plus musclées à court terme). Par ailleurs, les faibles prix du pétrole offrent un soutien supplémentaire aux consommateurs, mais le plus important, peut-être, c'est que la consommation mondiale était relativement saine à l’aube de la crise. Ainsi, il est probable que la majeure partie de la demande ne disparaisse pas et soit simplement reportée, ce qui pourrait créer un environnement favorable à une reprise rapide.

Date : 16 avril 2020

Kyle Weaver is the portfolio manager of Fidelity U.S. Growth Opportunities Class, and portfolio co-manager of Fidelity NorthStar® Fund, alongside Joel Tillinghast and Dan Dupont. Kyle believes this market volatility has created buying opportunities as attractive businesses go on sale. Through this market correction, Kyle maintains his investment approach of looking at growth stocks that are not macro-dependent, and that have a set of secular business model drivers that can create significant value over a long-term horizon. Kyle explains how he invests by concentrating on dislocations between stock prices and business models, which has been amplified during this period of volatility.

Recorded on April 16, 2020.

Harley Lank, Portfolio Manager and President of Fidelity’s High Income and Alternatives division, shares his insights on current market conditions and what significant forces are moving the high-yield market globally. Harley believes that from a long-term investment standpoint, the U.S. high yield market is attractive.

Recorded on April 15, 2020.

Jurrien Timmer, Director of Global Macro, joins us again for his weekly global macro update. Jurrien reiterates that the current economic focus is on – apart from new COVID-19 cases – the upcoming earnings season. Reflecting on the market volatility seen in the last quarter, Jurrien observes that for active investment managers like Fidelity, there were lots of opportunities created. During this period, strong-performing and low-performing companies alike were discounted, which means there were lots of buying opportunities, especially for value managers.

Recorded on April 14, 2020.

Thank you for listening and subscribing! We're pleased to present our first French podcast, featuring Hugo Lavallée.

Le gestionnaire de portefeuille d’actions canadiennes Hugo Lavallée discute des points suivants :

- l’incidence de la COVID-19 sur l’économie et les marchés canadiens;- l’effet des mesures budgétaires et monétaires prises par le Canada; et- son point de vue sur les occasions de placement à long terme pour les investisseurs.

Date : 9 avril 2020