On May 11, Fidelity Investments Canada hosted FOCUS2023, a daylong event for advisors featuring Fidelity’s portfolio managers, subject matter experts and thought leaders. Sessions ran both onstage in Vancouver to a live audience, and from our Toronto studio for a crowd of thousands more online. On today’s podcast we’re bringing you portfolio manager Mark Schmehl’s FOCUS2023 discussion with host Pat Bolland. Mark is focused on the long-term. He believes that inflation has peaked and he’s focusing firmly on owning companies for their expected earnings in 2025 and 2026. Mark shares that macro is very difficult to judge, and he is ignoring the recession concerns and is buying companies he believes have good fundamental strategies. Mark also shares his thoughts on both growthier and defensive companies right now, and which ones fit into his various portfolios, and why. This includes unpacking his geographical investments in the U.S., Canada, and globally. Mark and Pat also field a few questions from the live audience, and speaking of that live audience, you will hear a few references to slides that were shown to the room.

Recorded on May 11, 2023.

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