FidelityConnects

2022 was filled with several market disruptors. Russia invaded Ukraine, the Federal Reserve hiked interest rates for the first time since 2018, and inflation hit decade highs. These factors led to a macro-driven market environment, as investors focused heavily on where central banks were heading next. Our guests today say 2023 has already shown signs of a momentum shift, and they are optimistic that a stock-picking environment could soon be back on the table. Joining us today to break down where they are seeing long-term leaders, and how long-term leaders have changed over the last year are Fidelity’s Managing Director of Research and portfolio manager Charlie Hebard, and Quantitative Analyst and portfolio manager Michael Kim. Charlie and Mike speak with host Pamela Ritchie and reiterate the types of companies that can be found in Fidelity Long-Term Leaders Fund. They are looking for franchise stocks to hold for a 3 – 5 year investment horizon, not swapping in and out every quarter. Charlie notes that earnings are going to drive stock and they want to find names that have the potential to outperform their peer group. Mike also notes the advantages of being diversified, noting that the fund does have a large and mid-cap bias, but small-caps are attractive especially when coming out of a recession. Is one coming? Charlie and Mike also look at this and more today.

Recorded on February 28, 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.

February has been a volatile month for markets following a number of inflation prints. And while there are signs that inflation is coming down, it is still sticky. Our guest today is portfolio manager Don Newman who reminds us it’s important to have something to offset inflation in your portfolio. So why are dividends the best option in today’s environment? And what economic data should you keep an eye out for? Don, who manages Fidelity Dividend Plus Fund for Canadian investors, answers these questions and more, with host Pamela Ritchie today. Don also looks at what is happening in today’s markets, and what might be next from the Federal Reserve and Bank of Canada. He reflects on the journey we’ve had from record low interest rates, into the peak of the pandemic and the associated stimulus, now on to higher interest rates and having seen higher inflation. Don shares that dividends can help maintain the purchasing power of your savings, providing yield plus growth. Also, looking at earnings season today, among other topics, Don shares which sectors and industries he is finding with attractive growth, as more companies are showing negative revisions.

Recorded on February 28, 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’re joined by Director of Global Macro, Jurrien Timmer, as he discusses what’s currently moving the markets and what could be next for investors. Jurrien doesn’t expect the markets to drop to any new lows, but rather it will be in sideways-limbo pattern until it finds the “end game,” as he describes it. It’s a trend Jurrien’s mentioned before where he suggests markets this year will move in a choppy trend that he believes will bugger up both bears and bulls. Jurrien further suggests if the market is in limbo this year, it could lead to different opportunities. The market will be less robust and investors may not experience a huge return as in previous years, but he says this could pave the way for a different pool of opportunities. For example, value stocks over growth, small caps over large caps and international opportunities over US. Jurrien also talks about yield curves, bonds, and what China’s reopening could mean for global markets. Recorded on February 27, 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.

The PCE price index, the Fed's preferred inflation measure, rose .6% in January and 4.7% on a core year-over-year basis. The latest reading signals that inflation is not falling as expected and that the Fed might still have work to do. So where should investors go from here? Is the risk of a recession stronger than previously thought? Joining us today to discuss all of this and more is David Wolf, portfolio manager on Fidelity’s Global Asset Allocation team. David shares that the GAA team currently is focusing on the medium term, not the short term. He knows the end point of Fed tightening and tries not to get mixed up in all the noise. David and host Pamela Ritchie discuss Canadian, U.S., and global markets today. Regarding European markets, David notes that last fall everyone was worried about gas and the economy shutting down. But the weather in Europe has generally been good, leading to an uplift in markets. David also shares today that the GAA team has some defensive positioning for the long term by using the currency markets, noting that the U.S. dollar has been reliably negatively correlated with risk with equity markets.

Recorded on February 24, 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 Beau Coash. Beau is an institutional portfolio manager for fixed income strategies at Fidelity Investments. Before joining the fixed income team, Beau was global head of syndicate and primary trading for Fidelity Investments Equity Trading division. Beau speaks to host Bryan Borzykowski about fixed income investing in 2023, inflation, and where he is seeing opportunities in the market right now. Beau speaks about the excitement surrounding bond yields, specifically treasury yields. He notes treasuries are at their cheapest levels in decades. Even back in 2007, spreads were tight, so they were selling risky assets for treasuries. Beau comments that you only get a few chances to buy treasuries really cheap, so investors must act fast and be nimble and ready. He also talks about the diversification of the fixed income portfolio, and how demographics and duration impact yields.

Recorded on February 23, 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.

We’re joined by portfolio manager Patrice Quirion today to discuss global equities and where he is finding opportunities today. For Canadian investors, Patrice manages Fidelity Global Concentrated Equity Fund and Fidelity International Concentrated Equity Fund as well as private pool strategies. Patrice’s positioning is very much dependent on his contrarian style of investing. He looks at the fair value of a company, not necessarily on their earnings, but specifically can the company create cash flow in future years to come? He leans more towards the partsof the market that are unloved and out-of-favour. Patrice notes he’s actually finding more opportunities to buy today compared to a few years back and says there are opportunities in the cyclical parts of the market.

Recorded on February 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’re joined by portfolio manager Jed Weiss who shares his thoughts on international markets and what opportunities he’s finding in today’s current market environment. Jed manages Fidelity International Growth Fund, which launched roughly 15 years ago with a Canadian version launching shortly afterwards. The fund targets companies with multiyear structural growth prospects, high barriers to entry and attractive valuations, based on earnings forecasts. The fund is a concentrated one with only 75 companies and Jed notes he is looking for companies that can maintain or even raise their price despite extremely adverse economic environments. Jed also touches upon where he sees growth opportunities including Japan and Africa.

Recorded on February 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.

The latest CPI data out of the U.S. data showed that inflation for January came in 0.5 percent higher than last month. On an annual basis, inflation rose to 6.4 percent, slightly higher than the 6.2 percent widely expected by economists. U.S. treasury yields are climbing on the news, with the rate-sensitive two-year Treasury yield approaching the highest level since November. Today we ask if the idea of a soft-landing is still on the table? And where should you consider adding exposure in this environment? Fixed income portfolio manager Jeff Moore sits down with host Bryan Borzykowski today to unpack these questions and more, including providing his insights on fixed income investing for the short and long term, and to share where he is adding and reducing exposure in his funds. For Canadian investors, Jeff manages several fixed-income funds including Fidelity Multi-Sector Bond Fund, as well as ETFs, and mandates for institutional clients. Jeff and team believes peak inflation happened in the second half of 2022, and he also notes if there is a hard landing treasuries will do better than corporates, which is something the team is keeping an eye on for their portfolios. Among other topics, Jeff reflects on bigger global market trends, and trends in the institutional pension fund industry in the U.S.

Recorded on February 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 Market Strategy Denise Chisholm is back on the program to lay out the economic factors driving the markets and what sectors to watch for in the global markets. Firstly, Denise tackles the ongoing recession narrative. For quite some time, her stance has been that the market has already priced in a recession. Now, she says we are in a soft landing even a no-landing recession based on historical data. She goes on to say that the consumer doesn’t gradually walk into a recession, there has to be a shock to the system and she believes we felt that shock in 2022 with the oil situation and rate hikes. Now, in 2023 we have stimulus from oil and rates are going higher, but at a slower lift. And she says the factor that nobody is looking at is that inflation is already coming down and that didn’t happen in past recessions. Denise believes the narrative for 2023 will be the stimulus around the disinflation.  Denise also notes the top three sectors to keep an eye on are consumer discretionary, metals and mining and industrials. The bottom sectors in her mind are real estate and staples. 

Recorded on February 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.

For today’s episode we welcome back Jessie Sarafian, host of our Invested in Wellness podcast and live webcast series. We’re taking a break from our usual content today and encourage you to stand up and stretch with this 10-minute exercise. Join Jessie as she guides you through a series of movements standing up. We will focus on balance and posture ensuring we stand proud and tall as we go about our daily life. Perfect for all levels. For more from Jessie, make sure to subscribe to her podcast “Invested in Wellness” or tune in to her live webcast on Monday’s at 12:30 pm eastern. Fidelity.ca/TheUpside for more information.

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.