Naveed Rahman, Institutional Portfolio Manager, shares his outlook on investing in global markets and describes the fund positioning for Fidelity Global Intrinsic Value Class. Naveed works with renowned Portfolio Manager Joel Tillinghast on Global Intrinsic Value. Naveed shares the team’s perspectives on what’s happening in global markets currently, noting that they typically invest in reasonably priced stocks, that are high quality and cash generative in nature. Among other topics today, Naveed also discusses how the fund is currently overweight financials, energy and slightly overweight materials, relative to their benchmark. Naveed notes those are more cyclical sectors that should continue to benefit if we see a continuation of an inflationary, higher rate-oriented environment.

Recorded on January 18, 2022.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_theupside_rahman_18jan.pdf

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