Aneta Wynimko joins us on the program today to discuss the latest consumer spending patterns, and share where she is finding opportunities around the globe. Aneta manages the Fidelity Global Consumers Industry Fund, which focuses on companies engaged in various sectors of the consumer industry, such as retail, luxury goods, cosmetics, apparel, electronics, and many more. Aneta shares that her focus is on identifying companies with powerful brands, pricing power, and the ability to adapt to changing conditions. She seeks out high-quality management teams with innovative ideas that have a proven track record of execution, leading to sustainable growth over time. Aneta touches on a variety of topics, including the impact of interest rates on consumer behavior, the interplay between brand loyalty and quality, and a concept Aneta calls "money illusion", where consumers don't realize the impact of inflation on their spending power.

Recorded on August 11, 2023.

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