Fidelity Sound Bites

Indians took to the polls last week in the world’s largest election where 642 million votes were cast. Modi’s BJP-led alliance won by a thin majority after which markets saw the Nifty 50 to dip (and then bounce back). But is this all just short-term noise when there are long-term opportunities to be found? In this month’s episode Amit Goel, Portfolio Manager for the Fidelity India and Global Emerg...

China's market performance has been challenged lately, but sentiment looks to be turning around. Japan’s stock market barely grew for decades, but it's now on the up. What's changed? In this episode Lukasz and Fidelity’s Head of Equities, Asia Pacific, Marty Dropkin take a closer look at China and Japan, uncovering what our analysts on-the-ground are actually seeing. They dive into what investors...

UNSUNG FACT: Real estate accounts for around 40% of carbon emissions globally. So what’s the investable opportunity for investors? In this bonus episode we have Fidelity’s Head of Real Estate Solutions, Adrian Benedict talking to Lukasz about what he calls a ‘win-win’ for investors, something many of the large super funds have already realised. We’d love to hear from you. Email us at  podcastsaust...

Is the era of the magnificent 7 over? Markets watched as the fortunes of the latest tech-gang diverged in recent weeks, but as an investor how can you find the next ‘cool kids on the block’? Listen in this month as our global mid-cap managers, James Abela and Maroun Younes uncover how they hunt for future mega-caps. These ‘goldilocks’ stocks as they call them, don’t dominate headlines like the Mag...

In this special and longer-than-usual episode, we get inside the heads of Andrew McCaffery, Fidelity’s Global CIO and Paul Taylor, Head of Investments in Australia to take us through how we’re currently seeing the world reflect on our latest Analyst Survey . Is China still investable? What may be the global ramifications from the upcoming US elections? And where do we think interest rates will fin...

It’s a new year, but is it a new market? The guys are back with their thoughts on what 2024 has in store. Will elections go to plan? What stocks are they picking? And what does AI have to do with it? Quick Links Get the latest insights from Fidelity See why we’re an Aussie expert Funds Fidelity Australian Equities Fund Fidelity Future Leaders Fund Fidelity Global Future Leaders Fund Fidelity Austr...

In this episode Lukasz de Pourbaix is joined by our powerhouse of Aussie Portfolio Managers, Paul Taylor, James Abela and Casey McLean to break down 2023: What went right, what went wrong and has this made them bullish or bearish going into 2024? Quick Links Get the latest insights from Fidelity See why we’re an Aussie expert Funds Fidelity Australian Equities Fund Fidelity Future Leaders Fund Fid...

A once in a hundred-year event seems to be happening every other month these days, with threats of recession and intensifying geopolitical tensions. What’s an investor to do? This month Lukasz de Pourbaix is joined by Portfolio Managers, Paul Taylor and James Abela as they look back previous periods of crisis and uncertainty and discuss their playbook on finding opportunity amidst the current vola...

It’s an unusual time for markets. Just when it looked like we could pop the champagne, September swiftly put it back on ice as “Australia’s slowest recession” continues to plod all the way to the bottom. However, for active fund managers like James Abela, these dislocations are where they find the unloved darlings. This month James jumps headfirst into the whiplash of Aussie small caps, what stock...

Elvis may have been talking about love, but can’t the same be said for markets? GLP1 drugs like Ozempic’s success in the weight loss arena have disrupted the healthcare sector. Most notably ResMed, whose stock price plummeted on the back of predicted decreased demand. But where there is disruption and volatility, Paul Taylor sees opportunity. This month Paul talks about why taking an immediate vie...

This month we’ve brought out our top brass. Portfolios managers Paul Taylor ( Fidelity Australian Equities Fund ), James Abela ( Fidelity Future Leaders Fund ) and Casey McLean ( Fidelity Australian Opportunities Fund ) join forces to dissect August’s reporting season. How are shifting market dynamics are changing their outlooks for 2024? and how are they stacking the odds in their favour for the...

James looks back on 10 years of investing in Aussie small and mid-caps, and some of the names that helped him get here. We also analyse the current environment, and why it may not be just earnings driving markets as reporting season kicks off. Got questions for James? Email us at  podcastsaustralia@fil.com This episode was recorded 2 August 2023. Read our full disclaimer. Find out more about the F...

With high grade copper being harder and harder to find and demand increasing, what will the world’s largest miners do to meet global supply targets? Paul speaks with Sam Heithersay, Fidelity’s mining analyst who just came back from a recent research trip to Mongolia to discuss the outlook for copper, and how miners and mines are evolving to meet demand. Read more about Oyu Tolgoi here. Got questio...

As we gear up for reporting season, mid and small cap universe dynamics are shifting with a significant dispersion between small and mid-cap companies. With less fear  being seen in the market, valuations have expanded on the expectation of earnings growth. But the burning question for investors remains, will companies be able to deliver come August’s reporting? This month James sheds light on the...

In a slightly longer episode than usual, Paul looks back on 20 years of running the Fidelity Australian Equities Fund, with stories of some of the biggest winners and valuable lessons from the occasional losers. Hear the secrets behind the Fund’s success which has seen it outperform it’s benchmark by over 2% p.a (after fees)* for over two decades and why Paul has the confidence to continue to prov...

Is the consumer sector heading for trouble? Join Andrew, James and Consumer Investment Analyst, Brendan Mowry, as they explore the challenges facing consumers as cyclical cracks begin to appear. From the impact of rising rates to mortgage cliffs, what parts of the market are going to be under stress, and where do the opportunities lie? Got questions for James? Email us at  podcastsaustralia@fil.co...

Could the rising demand for critical minerals reshape Australia’s commodities sector? In this month’s episode, Paul explores the concept of the “green premium” and its implications for Australian commodities in light of changes to the US’s Inflation Reduction Act and regulation in the EU. We also analyse the recent RBA rate rise and whether this changes his outlook for a domestic recession. Got qu...

Tuesday night saw Labor's 2023 Federal budget handed down. While many were focused on the household impacts, our analysts were looking at potential impacts on sectors and portfolios.  In this bonus episode,  Portfolio Manager of the Fidelity Australian Opportunities Fund,   Casey McLean ,  Analyst and Portfolio Manager covering healthcare, Zara Lyons  and  Consumer Analyst, Brendan Mowry  give you...

The last decade gave us cheap money and no-flation, and oh how times have changed. Inflation may have finally peaked, but the same can’t be said for rates. So how does a seasoned investor find the winners of tomorrow when the landscape has evolved? This month James takes you through how he makes sense of markets and the characteristics he’s looking for in the current environment with some look thr...

As rates revert back to rising, property may not seem like a great place to be investing right now - but there’s still growth to be found. Paul breaks down why he thinks industrial property is the place to be in the current environment, and what makes Goodman Group his preferred play. We also discuss April’s performance and cover off the recent M&A activity including bids for Blackmores and Si...

Materials stocks are now dominating the mid and smalls index sitting at circa 30%, something that’s only happened twice previously in over two decades.   We’ve got prices soaring from demand shocks from COVID, supply shocks from the Russia and Ukraine conflict, the acceleration of EV adoption driving the lithium rally, gold now back to its safe haven status reaching new heights, and then there’s t...

US blow-ups, an uptick in M&A activity, gold near record prices, mismatches in consumer sentiment and rates on pause. March didn’t disappoint when it comes to information overload, so how do investors decipher what this signals in markets right now? This month James tells us what the data is showing to make sense of yet another turbulent month. This episode was recorded 11 April 2023.  Read ou...

March continued to put markets into flux with news of SVB collapsing and Credit Suisse being taken over. There was some reprieve locally at the start of April with rates going on hold - so can this be a sign financial contagion fears  have entered the system? This month Paul breaks down contagion risks to Australian banks, his view on April’s rate announcement and where he’s finding bright spots i...

You’re in for a treat! Welcome to our very first BONUS episode of Sound Bites. In the first of our ‘PM to PM’ series, we have veteran portfolio managers Paul Taylor and James Abela taking you through February 2023 reporting season covering Aussie large, mid and small-caps. In this candid conversation they use their decades of experience to dissect the mixed bag that was the recent reporting season...

Money is no longer free, investor risk tolerance has come right back, we’re living with higher rates and then there’s the cost-of-living crisis. So how have mid and small caps been impacted in the most recent reporting season? James gives his insights into February’s reporting season, covering the companies that disappointed and why quality businesses have been rewarded. This episode was recorded...