David Tulk and the Global Asset Allocation team manage many funds for Canadian investors, including Fidelity Inflation-Focused Fund and the Fidelity Managed Portfolios suite. David speaks to host Pamela Ritchie about the Federal Reserve’s latest rate hike decision on the heels of a major bank takeover in Switzerland that rocked the markets this past week. David explains how the Fed’s recent rate hike of 25 basis points was tailored for the economy and that Fed Chair’s Jerome Powell’s move was all in an effort to prevent the markets from becoming unhinged. David explains at this time the GAA team is taking a defensive approach to their portfolios which means being underweight the Canadian dollar and more preference towards the US dollar.Recorded on March 23, 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.

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