FidelityConnects

In today’s episode, Portfolio Manager Ramona Persaud sits down with host Pamela Ritchie to discuss strategies for finding dividends in today’s evolving markets. Ramona kicks off the conversation by addressing the growing valuation dispersion across various sectors and geographies. She explains how smaller caps, international markets, and higher-risk financial sectors offer opportunities to capitalize on valuation differences, particularly in areas where market fears and volatility are high. The discussion then shifts to how Ramona navigates market volatility. She shares her approach of deploying cash when opportunities arise, using recent examples like the Japanese yen carry trade volatility. She leverages these spikes to buy quality companies at more attractive valuations to provide more stability in uncertain times. Ramona also touches on the dispersion in China, where market fear has created selective opportunities. While these valuations are rising, she also continues to find value in Chinese-exposed companies or those benefiting from Chinese demand. To close off, Ramona emphasizes the importance of keeping cash on hand to capitalize on the expected U.S. election-driven volatility. While she remains cautious to not hold excessive amounts, she does remains ready to invest when the time is right.

Recorded on September 24th , 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Today on the show, we welcome Senior Analyst Lee Sotos to the program. Lee is also assistant portfolio manager for the Global Financial Services Fund. He shares his thoughts on the latest rate cut by the Fed and what it may mean for the U.S. financial sector, consumer and credit. Lee says overall the financial sector responded to the cut positively, but at the same time the data is a little confusing he adds. Recent CPI numbers, increased terminal rate and near-term unemployment numbers suggest the market is still figuring things out. Lee says with all this data, we still can’t predict how this all plays out. Lee says the fund is not positioned to make major rate bets, but at the same token is not blind to the fact that rates could go down and keep going down. He emphasizes that the fund is positioned for lower rates, but also has exposure to higher for longer investments.  He adds the team currently has little exposure to China and is focused on Singapore for wealth management and on India for banks. 

Recorded on September 20, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Today, Investment Director Tom Stevenson joins our host Pamela Ritchie to dive deep into global market trends and what top issues are facing the global economy.  Tom highlights rising inflation and interest rates, and how central banks in the US and UK are grappling with these challenges. He says it’s still an ongoing debate between classifying the current trend as a mild economic slowdown, or an indicator of deeper recession, emphasizing continuous uncertainty surrounding these potential outcomes. He points out Germany’s economic struggles, particularly in its manufacturing sector, where some automobile companies face declining demand from China, as well as a loss of access to cheap energy. This downturn reflects broader global pressures and impacts electric vehicle tariffs.  Tom also discusses his optimism about the UK and European commercial real estate market, suggesting there are opportunities to be had in its current pricing. 

Recorded on September 23rd , 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

On today’s podcast, host Glen Davidson sits down with Jurrien Timmer, Director of Global Macro, for an interview in a very captivating space – the Fidelity Chart Room. We’ll hear the history of how this esteemed room came to be decades ago, was used over the years, and how it is still used today.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

The Federal Reserve cuts interest rates by 50 basis points. Its first cut in more than four years. We check in with Director of Quantitative Market Strategy Denise Chisholm to get her thoughts on the recent announcement and what it could be signal for the broader economy. Denise said she expected the Fed to cut rates, but she’s not so sure that there's going to be an instantaneous reaction in the stock market.  She says there very strong pockets of the market, small caps and parts of the consumer that are very rate sensitive that in some ways have felt the impact of the Fed's cycle much more than large cap corporate America. She says that’s where the most excitement will be felt.  But she adds that it doesn’t mean it will translate directly into all stocks on the spectrum. Denise says real estate and financials are showing strong valuation support and wide valuation spreads and are something to consider as the current risk-reward is skewed to the upside.  She also says defensive sectors such as consumer staples, healthcare, and utilities face margin and profitability issues.

Recorded on September 19, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Portfolio manager Aneta Wynimko manages Fidelity Global Consumer Industries Fund. She is based in London, but we caught up with her on a recent visit to Toronto. On today’s podcast, Aneta shares a 5-minute update on how consumers are responding to rate cuts. Now that rate pressures are starting to ease, where are consumers choosing to spend and save their money?

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Today we’re joined by Bobby Barnes, Fidelity’s Head of Quantitative Index Solutions. He’s shares his thoughts on the current market environment, why buying the dip could be a winning move in large caps, and what opportunities to stay in invested in economic downturns. Bobby explains why focusing on permanent layoffs might provide a more accurate recession signal, and cautions against reacting too quickly to rising unemployment rates. Bobby also looks at the importance of long-term thinking in the current socioeconomic climate. With rate cuts taking long to materialize within the economy, to the potential impacts of the U.S. election outcome, Bobby remains focused on long-term trends, despite tactical opportunities that may come with current events.

Recorded on September 13th, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Today, we sit down for a brief update with renowned Fidelity portfolio manager Will Danoff. In speaking with Glen Davidson, Will shares his strategies for navigating market changes as we transition from summer to autumn 2024. He also comments on the power of Fidelity, and why he's excited about the investing potential of artificial intelligence. For Canadian investors, Will manages Fidelity Insights Class and Fidelity Global Growth and Value Class.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.