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. Today, we put the spotlight on portfolio manager Hugo Lavallée as he speaks about his contrarian approach to investing, how he navigates volatile times, and his current strategies. Hugo's contrarian approach involves staying at the bottom and navigating through difficult moments because when that element of change comes, it can be magical and profitable, he explains. Hugo says he's constantly researching and studying companies so he is ready and can react quickly when the time comes to make a move.  His current strategy focuses on active alternative managers and private equities. He's invested in tech, industrials, transportation, and rail, but not so much in consumer stocks. In terms of geography, he’s still mainly focused on North America and Europe.

Recorded May 11, 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.