Nitin Bajaj, portfolio manager of the Fidelity Asian Smaller Companies Fund and Fidelity Asian Values PLC, provides an update on his latest thinking. While large-cap tech stocks are attracting attention, he outlines why he’s not getting carried away by the euphoria.
2017 has been another year where politics and policy moves have dominated headlines at home and abroad, yet a number of major equity and fixed income markets have continued to grind higher and deliver decent returns. Can this continue in 2018? In a live and interactive webcast, Fidelity CIOs Dominic Rossi and Charles McKenzie will answer your questions and discuss the key issues equity and bond investors need to monitor in the year ahead. Listening to this webcast qualifies for one hour of CISI endorsed CPD.
MiFID II represents a fundamental change for financial markets across a multitude of areas but what does this mean for your business and how might you be affected by the changes due to come into effect in January 2018? In a live webcast, Dan Hedley, Public Policy Director and Danny Wynn, Risk Programme Director at Fidelity International will explore the implications of the new regulations, explaining why we agree with the main principles and highlighting some concerns we believe have yet to be properly addressed.
In this live webcast Paras Anand, Head of European Equities at Fidelity International, will provide his outlook on the key drivers of the European equity markets. Today 'political instability' is at the top of most investors’ minds, despite it having a relatively modest impact on the fortunes of investors long-term. Are these concerns perhaps overblown ? Does this mean that the constrained and indebted governments are having to hand over the initiative for to spurring economic growth to the corporate sector ? These are some of the questions Paras will address during the webcast.
In this regular quarterly update on Asian markets, Matthew Sutherland, Head of Product Management (Asia), points out that the pull back in equity markets coupled with a more risk-on sentiment has resulted in flows starrting to come back into the asset class. Fundamentally Asian economies have some strengths, especially relative to non-Asian emerging markets. Matthew explores the China situation in some depth, first examining the challenges facing the country before elucidating some of its perhaps less often discussed strengths. He concludes by highlighting a couple of interesting fund ideas from the Asian equity range.
Following the launch of the Emerging Market Total Return Debt Fund on 29th September, Steve Ellis, Portfolio Manager, will discuss Fidelity’s flexible approach to investing in Emerging Market Debt. Steve will discuss the benefits of a benchmark agnostic strategy while outlining the Fund’s investment process and current positioning. Against an uncertain macro backdrop, Steve will further share his market outlook for next year and highlight where he sees the most compelling opportunities.
Following another year characterised by low growth and depressed inflation, the ‘secular stagnation’ scenario in Europe has gained significant popularity amongst investors. Please join us for a live webcast with Paras Anand, Head of European Equities, who will reflect on the Outlook for the European Equity market in 2016 and the potential for a shift from ‘secular stagnation’ to a ‘surprisingly normal’ cycle in Europe in the upcoming year. Paras will also address volatility issues, the role of disruptive business models and their consequent investment implications.
There will be also be a chance for Q&A during the webcast.
While global growth saw some improvement in the second quarter of 2015, risks remain around the timing and pace of interest rate rises by the US Federal Reserve, uncertainty related to China’s long-term structural transition, and the impact of commodity-related moves. In this webcast, Anna Stupnytska gives her global macroeconomic outlook, assessing the prospects for growth over the coming months.
Please join Steve Ellis in this regular webcast as he looks to explain Fidelity’s Emerging Market Debt team’s views on why, in a low yield world and despite soft fundamentals, emerging market debt continues to offer an attractive income for an acceptable level of risk. The asset class has enjoyed a strong start to the year, with the supply/demand imbalance created by inflows and limited debt issuance leading yields to come in. This has resulted in an approximate 4% return for hard currency debt over the year to date. Local currency sovereign debt currently yields around 6.4%, US dollar-denominated sovereign debt yields 5.7% and US dollar-denominated corporates yield 5.2%. This compares very favorably to yields on offer from various asset classes in the developing world; particularly when considering a significant proportion of this universe is rated investment grade.
Emerging markets can throw up opportunities where one might least expect to find them. Please join Steve Ellis in discovering where the market opportunities lie.
With the flexibility to invest across the fixed income spectrum, Peter Khan’s Global Income Fund aims to deliver an attractive income stream of 4% with an average rating of investment grade. The fund is designed to exhibit similar volatility to an investment grade portfolio through a full market cycle, but should enhance income by investing in Fidelity’s highest conviction ideas across fixed income assets, including satellite allocations such as Chinese Renminbi bonds and hybrids. During the webcast Peter will explain our ‘building block’ approach to asset allocation and the fund’s current positioning.
Angel Agudo, the new Portfolio Manager of FF America, will provide insight into his investment philosophy and process on the fund, and will delve into where he is finding investment ideas. Additionally, he will also provide his views on the market outlook as we head into 2015.
Harley Lank, Portfolio Manager of the US High Yield Fund will provide an update on trends in the US high yield market and whether there is still value in the asset class. He will also provide an overview of the current positioning of the portfolio and discuss recent performance drivers. The webinar will include the opportunity for live Q&A.
In this brief recorded webcast, Rebecca McVittie provides an insight to Fidelity’s Emerging Europe Middle East and Africa strategy including a summary of the key drivers of performance over the last 6 months. She also outlines key changes to portfolio holdings and provides comment on the backdrop to investing in the region in 2014.
Following the recent launch of the Fidelity Alpha Funds SICAV SharpeR Europe Fund, we will be conducting a live webcast with Fund Manager, Alexander Scurlock, who will provide a progress update on the newly-launched fund, review performance to date and reiterate his investment philosophy and process.
As a reminder – this is a bottom-up, risk-controlled fund that invests in a range of investment instruments across the corporate balance sheet with the aim of generating real returns for investors. The fund aims to achieve capital growth by investing primarily in the equities and bonds of companies that have their head office, or exercise a predominant part of their activity, in Europe. It can also invest in related instruments (including derivatives, predominantly for hedging purposes) as well as cash, cash equivalents and short-dated instruments.
• Targeted return – target 5% gross > ICE Libor EUR overnight rate
• Controlled volatility – ex-ante volatility controlled at less than 9%
• Cross-balance sheet investment driven by bottom-up fundamental analysis
• No top-down asset allocation
• Geographic focus – Europe
• Performance measured in terms of Sharpe ratio
As we will be running a live webcast, we welcome your questions and will set aside some time at the end of the session to address these.
With the world’s gaze on Brazil as the World Cup commences Alex Duffy, Latin America Equity Portfolio Manager discusses how the market has evolved over the last 5 years; his current views on the region and how this translates to the Fidelity Funds Latin America Fund.
David Buckle, Head of Quantitative Research Fixed Income, considers the outlook for central banks and its impact on bond markets in 2014. With a change in leadership at the Federal Reserve, disinflationary trends in Europe and the recent strong improvement in UK growth, David expects the year will be challenging for navigating central bank policy and fixed income.
Hear from our portfolio managers and senior investment professionals as they share their insight and analysis on current market developments in our webcast programme. Please email email@example.com to receive Fidelity email alerts including information on webcasts as well as all the latest news from Fidelity directly to your mailbox.