FidelityConnects

Fidelity Institutional Portfolio Manager Beau Coash joins the show today, to speak with host Pamela Ritchie about his expectations for the Economic Policy Symposium in Jackson Hole, Wyoming. Beau emphasizes the importance of Powell's communication, sharing that Powell's statements and messaging are critical in guiding market expectations and shaping investor sentiment. He highlights the key indicators that investors are watching closely, such as owners' equivalent rent and wage trends. Among other topics, Beau touches on his view of the fixed income market, global investment opportunities in areas such as Brazil or Mexico, the need for investors to embrace market volatility, and the role of central banks in market behaviour and investor decisions. He also discusses his views on duration, and potential scenarios for the future, including the possibility of higher rates. He mentions that demographic factors may lead to a "higher for longer" interest rate environment, and discusses the possibility of investors turning to bonds given the current high yield levels.

Recorded on August 23rd, 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.

Personal finance expert and award-winning author Robin Taub joins us on the program today. The former Chartered Professional Accountant discusses how advisors can engage with the next generation of investors and the importance of financial education. Robin says young adults are struggling to save and the effects of social media have exacerbated it. Financial education can start at home at an early age. She suggests involving your children in conversations about money and finances and most importantly track your kids’ spending habits early on. Robin offers tips on how financial advisors can tailor their communication with the next generation and spark their interest in financial education. Use social media and other platforms catered to the younger generation and speak about their needs and goals. And focus on younger clients. Don’t count out young people who are building up their wealth including millennials and the Gen Y group.

Recorded on August 22, 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.

Despite high mortgage rates, growing demand has kept both Canadian and US real estate markets competitive through the first half of 2023. After a year of resilience, Asian markets posted losses this week after concerns over China's property sectors remain top of mind. Joining the show today to discuss the current global market landscape and share what themes he is evaluating for the remainder of the year is Steve Buller, portfolio manager of the Fidelity Global Real Estate Fund. Steve tells host Pamela Ritchie about the impact he has seen China's property sector have on the global real estate market, focusing especially on the indirect correlations through GDP growth. He explains that while there's no direct contagion, a prolonged downward trend in Chinese property could indirectly impact global GDP, and, subsequently, the demand for commercial real estate. Elaborating on commercial real estate, Steve discusses the evolving dynamics of the office space, considering factors like remote work, hybrid models, and the competition posed by co-working spaces. On a related note, he also touches on alternative real estate segments, such as data centers, which are seeing increased demand due to digitization and AI. Steve also talks us through the effect of rising interest rates on real estate segments, the role of balance sheets, and the potential value of education centers within cities. Throughout the discussion, Steve emphasizes that the fundamentals of real estate, including demand and supply dynamics, remain strong despite challenges and interest rate fluctuations.

Recorded on August 18, 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.

Today on the program, we are joined by Étienne Joncas-Bouchard, Fidelity ETF strategist and host of the ETF Exchange podcast. Étienne highlights recent trends in global government bonds, including rising yields and inflation concerns. He emphasizes the importance of considering factors as a way to navigate the business cycle, and explains how various factors and bonds are incorporated into Fidelity ETFs to provide a diversified solution for investors. Étienne also touches on the potential impact of inflation, consumer behaviour, and upcoming earnings reports on the markets, discusses the potential implications of Global Monetary Policy shifts, and shares his views on the relevance of sustainable investing in the current market landscape.

Recorded on August 17, 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.

Today on the podcast we are joined by Director of Global Macro Jurrien Timmer to discuss what's moving markets. US equities have been rallying recently, and concerns over prolonged high interest rates seem to be mellowing out as investor sentiment improves. Jurrien notes that the complex relationship between interest rates, earnings growth, and yield curve control is significantly influencing the current market dynamics. Jurrien takes a closer look at the behavior of the bond market, explaining the rise in the 10-year treasury yield due to changes in the term premium, which had been negative during the era of low interest rates. He discusses the potential impact of rising interest rates on equity valuations and the market's anticipation of a soft landing for earnings growth. Jurrien also touches on China's economic challenges and the consequences of excessive debt, potential parallels between China's current situation and historical examples, as well as the differences between policy banks and private banks in China.

Recorded on August 21, 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.

Today we check back in with Investment Director Catherine Yeung who is located in Hong Kong. She discusses China’s current investment landscape and what investors should be keeping in mind for the rest of 2023. Catherine says China’s economy is on shaky ground right now, but she believes headline news is driving sentiment rather than the actual details. China’s growth has been slower than expected, but Catherine says we need to reset expectations. This recovery isn’t like previous recoveries she points out, the reason being is that policy is different this time around. Each cabinet from a government perspective has been told to focus on growth. But, it’s a different type of growth - it’s a moderate measured growth. So investors need to be patient, Catherine suggests. She also says in other countries around the world, policy response has been quite aggressive. The Chinese have taken a step back and are being very moderate. There’s no golden solution to China’s situation. Catherine says it’s really about ensuring that confidence is restored in China, both from a consumer perspective as well as a corporate perspective. Catherine also touches upon the recent real estate headlines as well as updates us on China’s growth, trade relations and the impact of regulatory and policy changes in the country.

Recorded on August 16, 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.

Joining us on the program is one of the country’s leading securities lawyers in mergers and acquisitions, Walied Soliman. He highlights the global economy and capital markets. Canada remains one of the top destinations for global investors, so is Canada a capital flight or a capital flow jurisdiction? Walied discusses trends shaping Canada’s capital markets and where investors can potentially find opportunities. Looking at the current state of M&A activities, Walied explains that while there might be a noticeable ebb in formally announced mergers and acquisitions, this doesn’t necessarily imply reduced engagement. The most adept managers and boards, he says, continue to actively explore strategic possibilities. He also touches on potential opportunities beyond India and emerging economies that should be considered.

Recorded on August 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 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.

Director of Quantitative Research Denise Chisholm is back on the program. She discusses second quarter earnings results, and whether tech still sits in a leadership position within the market. Denise explains to host Pamela Ritchie that while investors were surprised by market resilience, historic data indicates that heightened inflation increases the likelihood of fewer earnings contractions. She says that on a go-foreword basis, markets are seeing a shift from above-average to modest returns but remain above negative territory. Denise says that although tech has delivered historic outperformance, from a ranking’s perspective, she prefers consumer discretionary over technology. Along with consumer discretionary, Denise adds there is also opportunity in the small cap space with industrials. She also touches on the bond market and what she thinks of the yield curve inversion.

Recorded on August 14, 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.

Back on the program today is Fidelity VP and Lead Portfolio Strategist Paul Ma to discuss where we are in the business cycle, how to approach your portfolio construction in today’s market environment, and how the remainder of the summer might shape up for equity markets. Paul suggests we need to see core inflation come down a little more even though headline CPI is down a lot already about 3% at the moment. In terms of the business cycle, we’re still in the late cycle in the US. Down the line, high interest rates will cause a slowing down of the economy. Paul says it’s not a question of if a recession will happen, but rather how long it would take to get there. Paul adds investing in quality names could work in this space and avoid looking at companies with a risky balance sheet . He points out less quality nature companies get swept away when interest rates are high.

Recorded August 9, 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.

Today on the program, we welcome President and CEO of the Business Council of Canada, Goldy Hyder. He unpacks what could be on the minds of Canadian CEOs and how they are adapting to the current economic environment. In addition, Goldy discusses the challenges of geopolitical tensions, new government measures, and emphasizes the need for collaboration between the private sector, communities, and governments to support the future of Canadian business. Goldy also speaks to the impact of global shifts on business strategies, concerns about the decline of democracy around the world affecting public policy. Overall, he says he is optimistic about the ability of Canadian business to persevere and be competitive.

Recorded August 2, 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.