Portfolio manager Steve MacMillan shares his latest insights on how he is judging earnings visibility with so much market uncertainty. Overall, Steve sees opportunity in staying invested in defensive stocks, both large cap and small cap, throughout this year. For Canadian investors, Steve manages Fidelity Small Cap America Fund, as the name suggests it is a small- and mid-capitalization oriented fund. Steve also manages Fidelity American Equity Fund, a unique approach to the US mid- and large-cap market. American Equity Fund offers more defensive positioning with exposure to non-cyclical industries, and less exposure to high valuation tech names. Steve speaks to preserving capital through past market drawdowns, his sell discipline, and looks at current holdings in his top ten.

Recorded on June 17, 2020.