Portfolio manager Patrice Quirion is focused on finding growth at a reasonable price. This means looking for good companies that might have been overlooked. This approach results in Patrice building Fidelity Global Concentrated Equity Fund and International Concentrated Equity Fund with three categories - quality growth, quality defensive and quality cyclical. He believes most of his opportunities will come from quality cyclical stocks. Patrice reflects on the last 18 months since the March 2020 correction, sharing that markets have bounced back strongly, evaluations are moving up, earnings estimates reflect a better future, and large amounts of liquidity have been put into the system resulting in some parts of the market being more profitable. As someone who looks globally for opportunities, Patrice shares which geographic sectors are a current focus, including exposure to emerging markets. He’ll also speak to inflation and interest rates, ESG in his portfolio, and market reactions and psychology, among other topics.

Recorded on September 29, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_access2021_quirion.pdf