FidelityConnects

On the program today, Senior Vice President of Advisor Sales and Vice President of Product Andrew Clee join host Pamela Ritchie to discuss industry trends, innovations and what advisors should keep top of mind in 2024. Andrew and Dave begin by commenting on the whirlwind that was 2023. Dave highlights GICs and GICs high interest savings accounts as a dominant topic amongst advisors and Andrew adds that we experienced two different markets in one year and it didn’t look promising until about mid-October. Andrew also adds we saw a double digit return in the last quarter of the year with big tech names ending on a high note. So, most of the year-to-date gains came in a short period of time. Andrew says for bonds although it didn’t do so well in 2023, the returns did come significantly in a short period of time. Andrew adds that the key is to stay invested rather than trying to time things out. Dave highlights a good strategy for 2024 - that is to leverage the Fidelity sales team as much as possible. Andrew adds to look at the redeployment of higher interest savings, GICs, and traditional 60-40 asset classes. He says to start thinking about reinvestment risk from an interest rate standpoint rather than the total return over the next twelve months.

Recorded on January 16, 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 the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

Today we welcome Institutional portfolio manager Ilan Kolet as he discusses the Global Asset Allocation Team's positioning for Fidelity managed portfolios in 2024. Ilan discusses the differences in performance between a Balanced Fund and a Guaranteed Investment Certificate, or GIC, in Canada. Balanced Funds performed far better by the end of 2023 than in the year prior, surpassing the GIC. The risk adjusted return that can be provided in multi asset class funds has now become a better prospect for longer-term investors, although the GIC could still benefit those with a shorter investment horizon. Ilan explains how Canada’s upcoming productivity prospects and how they differ from the United States. While America’s productivity has been on a steep incline that does not look to be slowing down, Canada’s standard of living has not improved since the nineties with no major changes in the near future. The track record for each country is very telling regarding this year, and Canada does not have America’s airtight labour market or declining inflation that would solidify a notable increase in potential growth. Ilan covers the current housing shortage present In Canada, claiming it to be out of balance in terms of consistently low rates, lack of oversight of foreign investments and more.

Recorded on January 15, 2023

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 the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

Today on the program, Fidelity Director of Global Macro Jurrien Timmer discusses the latest market moves, potential Fed rate cuts and possible supply chain issues.  US equity markets opened up at all-time highs this week. So could these highs and rallies continue? And how much of an impact do these gains have on the Fed’s interest rate moves?  Jurrien points out that although the S&P cap-weighted index did make a new all-time high, the Russell 2000 small cap index is in a bear market. It’s down 20 percent from its high. This is the first time in history we’ve seen this. He explains that small caps being behind is not unusual. It’s not unusual for large caps to go first then small caps to follow. But he points out, the spread has never been this wide. And that is a testament to the Magnificent Seven leadership in the market. But Jurrien says if history is any guide, these stocks will follow at some point. Jurrien also touches on the Fed and says back in December when the Fed gave a hint that we would get three rate cuts in 2024, the market just ran with it. Now the market is walking back a git and that’s also one of the reasons why small caps are under some pressure.

Recorded on January 22, 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 the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

On today’s show we are joined by Fidelity ETF expert Étienne Joncas-Bouchard. He discusses various factors that he believes could be favourable in the current market environment and updates us on Fidelity all-in-one ETFs. Étienne discusses how value has a chance of doing well this year, but it’s not a guarantee. It will depend on many upcoming factors including getting fewer cuts than expected, the labour market remaining strong, large growth names continuing to work through challenging environments and more. He explains it ultimately relies on the macro standpoint; if the rates are going up while there is less sensitivity to the change in the discount rate. With that, your net present flows become worth more than companies that are discounting in the far future.  Étienne also dives into the world of cryptocurrency, specifically how the SEC in America has given their approval of spot Bitcoin ETFs. This means that Canadian Bitcoin ETFs will lose a portion of its demand from American investors, and their prices will also decrease given the aggressive fee structure and increase in overall volume. 

Recorded on January 12, 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 the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

Portfolio manager Darren Lekkerkerker joins the show today to discuss his outlook on equities and what his positioning is for 2024. With inflation coming down and possible rate cuts on the horizon, Darren says he’s looking into a few investment opportunities with a focus on energy and copper. He adds copper is a major beneficiary of the energy transition and that engineering and design companies will most likely do well this year due to reshoring trends. Darren says mid-caps and small caps could potentially outperform this year. In terms of his fund, Darren is focused on North America as it has historically been the best place to invest. He adds North America has the greatest exposure to secular growth industries like technology and healthcare compared to Europe and Asia.

Recorded on January 11, 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 the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

Portfolio manager Jeff Moore joins us on the program today to talk us through the bond market and what factors might affect this space in 2024. Jeff speaks about the current inflationary environment. He says inflation is falling and most likely on the run. He adds with bond yields at 4% and real rates at 2% these numbers haven’t been as compelling since the nineties. But he says the bond market is basically at the same state as it was last year. Typically the returns from bonds are in the range of 6 to 10% depending on the asset. Jeff says the strategy here would be to enjoy the current yields, diversify your portfolios and avoid leverage. He advises to stay vigilant and responsive to changes in CPI numbers.

Recorded on January 9, 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 the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

As investors enter a brand new year, Fidelity Director of Global Macro Jurrien Timmer discusses what trends, topics, and headwinds he believes will move the markets in the weeks and months ahead in 2024. The inflation storyline continues to be the dominant headline. Will the Fed cut rates this year? Will it be possible to get back to 2% inflation? Jurrien says 3% could be the new 2%. He says getting back to two percent will be a challenge and it might require a period of negative inflation if we actually want to get back to two. Jurrien says we could be in for a bullish, broadening market. He points out the S&P 500 Equal Weighted Index is the most useful and interesting thing to be looking at right now. Jurrien also touches on Bitcoin and gold, tech stocks versus value and the impact of this year’s upcoming US election.

Recorded on January 8, 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 the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.

Today on the program we check in with Institutional portfolio manager Ilan Kolet as he gives us his thoughts on the last Bank of Canada rate announcement of 2023, and what he sees in store for the New Year. The BoC kept its policy rate unchanged at 5 per cent, but it also warned that rate hikes aren’t off the table in 2024. Ilan says the expectation for next year is that discretionary consumer spending will continue to pull back as many Canadians want to ensure their principal mortgage gets paid. The more pullback you see could signal an upcoming recession. The US is experiencing a different story as the labour market remains tight  and inflation slows down, plus the mortgage structure in the US is very different compared to Canada. Ilan says the Global Asset allocation team remains underweight Canadian equities. He adds with serious macroeconomic headwinds, he believes Canada will lag. The team is overweight US equities and underweight the Canadian dollar and overweight the US dollar hoping this will be a shock absorber for the fund.

This podcast was recorded on December 12, 2023.

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 the second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.