FidelityConnects

Portfolio manager David Way’s Fidelity Long/Short Alternative Fund was launched in October 2020 and seeks to capture alternative sources of alpha and expand the portfolio beyond traditional mutual fund solutions. David discusses current market trends and explains how liquid alternatives may fit into a client’s portfolio. He talks about the fund’s structure - how it's designed as 130% long and 30% short. David is very much focused on North America. For example, on the short side of his fund, the focus is titled more towards the US with an average holding period of six to twelve months. David also touches upon his investing approach, which is a flexible one. With over 15 years of industry experience, he says he’s comfortable in both value and growth situations. He notes his goal is to deliver good client value and experience despite market conditions.

Recorded on February 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.

Director of Global Macro, Jurrien Timmer is back on the program to provide his thoughts and insights on the markets.  Jurrien discusses a variety of topics including the Fed and its stance on rate hikes, how reported earnings are affecting the markets, and what he thinks about a market correction and possible recession. Jurrien believes 2023 will be a base-building year, a trading range year where everyone will have frustrations. He says the Fed is sticking to its guns and is adamant about getting properly restrictive in order for inflation to come down specifically to 2.5%. So the question is whether the interest rate of 5% is peak for the Fed or will that number go higher. Jurrien also unpacks the topic of commodities, meme stocks, and overall liquidity.

Recorded on February 13, 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.

U.S. and Canadian markets have continued rallying in February, continuing the green seen in January. With several large cap companies continuing to cut their workforce, what could this signal about future earnings? Which sectors should you keep an eye on for further growth? Also what is next for crude oil, copper and precious metals? Joining Bryan Borzykowski today to explain his investing method, and where to consider your next position in North America, is Fidelity North American Equity Class portfolio manager Darren Lekkerkerker. In addition to North American Equity Class, Darren also co-manages Fidelity Global Natural Resources Fund, and manages the equity sub-portfolio of Fidelity Canadian Balanced Fund, among others. Darren shares today that he has a high-quality investing style, investing in companies that have the potential for a high return on invested capital, and rising return on investment capital. He’ll also touch on the typical Canada/U.S. split in his fund. This year, Darren is keeping an eye on good companies that under-performed in their earnings last year because of high inflation, as well as companies that are high-growth areas such as tech, who had large drawdowns and are ready to rebound after changing their business culture through restructuring or reducing costs. Darren also notes that he hopes there will be more focus on individual company fundamentals overall this year, rather than macro headlines. Darren and Bryan also discuss opportunities in Canada’s energy sector, the appeal of rail companies, and what he’s hearing from companies in the many daily meetings he has, among other topics.

Recorded on February 9, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-lekkerkerker-feb9-23.pdf

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 unpack the likelihood that inflation in Canada will fall as expected, and which sectors of the Canadian marketplace look positive in the near-term. Host Pamela Ritchie speaks with Max Lemieux, portfolio manager of Fidelity True North® Fund, a Canadian equity fund that seeks to invest in companies that are expected to grow over the long term and that are trading at reasonable valuations. Bank of Canada Governor Tiff Macklem spoke recently in Quebec City and reaffirmed that no new rate hikes will be needed if inflation falls as expected. Meanwhile in Washington, Fed Chair Jerome Powell said that further rate increases are ahead, after January’s extraordinarily strong jobs report. Max shares if this news will impact his investment thesis. He also reflects on the diversity within Canadian markets, noting that the market is more diversified now than in the early 2000’s, with energy and resources now not even 30% of the market. Max also shares that each sector and each stock has its own characteristic, and each stock will have its own bottom before or maybe after the market has reached its own bottom. This reaffirms that it’s the portfolio managers job to take a detailed look at all earnings and data, and then determine whether a stock is very close to its bottom or peak. Max and Pamela also discuss recession probabilities, private markets, and housing in Canada, among other topics.

Recorded on February 8, 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 jobs report out of the U.S. came in much stronger than expected, continuing to show just how resilient the U.S. economy is. And as market participants analyze the recent string of economic reports for guidance, some economists aren’t so sure the outlook is as sunny as anticipated. With market uncertainty lingering, it’s important for investors to stay vigilant as they navigate uncharted waters. Though inflation is falling, will it fall as quickly as central banks are hoping for? And which asset classes or regions may offer opportunity in 2023? Today we’re joined by portfolio manager David Tulk, to answer these questions and more. David is part of Fidelity’s Global Asset Allocation team, which manages several multi-asset funds for Canadian investors, including the Fidelity Managed Portfolios suite. With host Bryan Borzykowski, David dives into where inflation could settle. He believes based on various data points that we have hit peak inflation, so now will it settle at a friendly 2% level, or above the Central Bank’s target? Among other topics today they unpack if we’re going into a recession, and how the traditional 60/40 portfolio continues to live, but what should go into the ‘40’ is the bigger question.

Recorded on February 7, 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.

Portfolio Manager Jeremy Podger joins us on the program to discuss how to navigate the global marketplace. Jeremy manages the Fidelity Global Fund which aims to uncover potential investment opportunities among high-quality businesses, undervalued securities and companies undergoing positive change. So far this year, he sees a positive outlook for global markets. He notes in this fund, he has come back full-circle to being overweight in Europe and Japan. He’s throwing some caution into communication and tech, but he says positive things for healthcare and financials. China's reopening is good for the fund especially in the luxury goods sector. Jeremy also discusses European Central Banks, and how he’s looking at emerging markets.

Recorded on February 7, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconects-podger-feb7-23.pdf

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 bull versus bear debate has heated up following recent U.S. employment numbers and market rally. Will these recent employment numbers prompt an even more hawkish Fed? Are some of the leading market indicators painting a clear runway for stocks or have stocks gotten ahead of themselves? Joining us today to unpack these questions and dissect some of the different scenarios within this, the key economic and macro themes, is Jurrien Timmer, Director of Global Macro. Jurrien speaks with host Pamela Ritchie and looks at earnings season which has seen 70% of companies beaten estimates so far, a fairly typical number according to Jurrien. But they’ve beaten estimates by an average of 1.3% which is a little weaker than normal. The topic of a possible recession is also centre-stage, with Jurrien noting that the manufacturing side of the economy is already in a recession, but it is only one tenth of the economy. Also unpacked today is the fluctuating global currencies seen of late, specifically Japan and the UK in 2022. Per usual Jurrien will share some slides so please head to @TimmerFidelity on Twitter to follow along.

Recorded on February 6, 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.

On today’s show, ETF strategist Etienne Joncas-Bouchard shares his thoughts and insights on the ETF landscape for 2023 and explains what factors could thrive in the first half of the year and beyond. He says to keep an eye on international equity markets, as this category saw inflows of about $500 million and it is a category he believes is underappreciated. He says it will be interesting to see how it continues in 2023. He adds movement with yields and the bond market will be something to watch for this year, as well as ESG ETFs. Étienne also touches on the benefits of Fidelity All-in-One ETFs and what factors to consider in this type of investment approach. He says the All-In-One ETFs provide very broad exposure with 2,500 holdings and a fully diversified solution and strategic outlook.

Recorded on February 3, 2023.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-joncas-bouchard-feb3-23.pdf

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 Institutional Portfolio Manager Ruthann Pritchard. She discusses why the Fidelity ClearPath portfolio may be a right fit for investors and how it could provide a good investment mix. ClearPath is a multi-asset portfolio that consists of 14 suites which help target investors’ retirement, and their children’s post-secondary education and future goals. With our current market environment and the volatility we experienced in 2022, Ruthann notes ClearPath could provide a steady and value-based approach to your investments on a long-term basis.Recorded on February 2, 2023

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-pritchard-feb2-23.pdf

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 the show today is Hugo Lavallée, portfolio manager, who will share his views on investing in both Canadian and global equities, and discuss the latest market developments. Hugo is known for his contrarian investment style, and today he’s going to talk about what that means for his three funds and where he’s finding opportunities to support these strategies. Those three funds are Fidelity Greater Canada Fund, Fidelity Canadian Opportunities Fund, and Fidelity Climate Leadership Fund. Today’s podcast is a recorded feature session from Fidelity Canada’s Vision 2023 event. We’ll first hear a short presentation from Hugo, followed by a Q&A with host Pat Bolland. For Hugo, investing against the grain has paid off and we’ll hear his thoughts on 2022’s market environment and recent earnings season while looking ahead to what may be next in 2023. Hugo’s unique contrarian investment style focuses on out-of-favour stocks or situations he believes may improve over the next two or three years. Hugo also identifies that with volatility comes opportunity. He preaches patience and maintains a focus on one’s long-term goals. Also today Hugo notes which geographical regions and specific sectors are of interest to him currently.

Recorded on January 31, 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.