If the trend towards sustainability was already in motion, then the Covid-19 crisis has sped it up. Global CIO Andrew McCaffery and our Global Macro Team discuss this dynamic and why companies will increasingly place social purpose above short-term profits as a means of ensuring their long-term sustainability.
The investment landscape is evolving in ways that challenge long-standing assumptions about the foundations of diversified portfolios. Investors are now reassessing the role of several core exposures, particularly US equities and global bonds. In this perspective, we explore why these questions have arisen and how our portfolios are handling these challenges and delivering long-term outcomes for clients.
Economic data is finally reflecting the impact of economic lockdowns, and markets have seen a meaningful risk rally. Given the extent of the economic slowdown and the unknown duration of the crisis, Eugene Philalithis, portfolio manager of our Multi Asset Income range explains why he still thinks it's too early to move to a risk-on posture. But it's not all negative news, he also dissects the far-reaching policy responses from governments and central banks and explains why dividend investors shouldn't lose hope.
It’s been a long time coming but mining and commodities producers are having their moment in the sun. The implications of the higher prices that come with it for global industry are profound, as this month’s Fidelity Answers podcast makes clear.
As we move through the different phases of Covid-19, continuously evolving market dislocations will present challenges and opportunities. We discuss why investors should allocate capital in a way that is sensitive to recovery rates.
The shift towards digital labour represents one of the biggest business model pivots of all time, with huge ramifications for virtually every industry. It is already propelling US growth through unprecedented corporate capital spending, which shows no sign of abating even if financing is increasingly debt-fuelled and circular in places. The hugely cash-generative hyperscalers continue to commit to massive investments, underpinning impressive earnings from AI infrastructure supply chain businesses such as semiconductor manufacturers, energy providers and certain commodity suppliers, especially where inventories are scarce.
We recently surveyed our team of analysts across the globe to get the on-the-ground view of what they’re hearing from companies. This month’s findings reveal the rising dispersion across and within sectors, as well as the profound impact the Covid-19 crisis will have on how companies approach social issues. What would a move to stakeholder capitalism mean for company margins?
As the economic and social impact of Covid-19 plays out, new long-term trends will set the world on a unique course. Global CIO Andrew McCaffery and our Global Macro Team discuss what this new economic order could look like in terms of state intervention, fiscal activism and Asian leadership.
AI driven volatility is reshaping markets and creating one of the most compelling investment backdrops in recent years, reminiscent of the Covid 19 period. Alex Wright, portfolio manager of Fidelity Special Situations and Special Values PLC, outlines how AI led disruption is driving widespread dislocation across sectors, creating selective opportunities that increasingly favour value investors.
China’s five-day May Day holiday was the first big test of domestic demand - and particularly tourism - since Covid-19 lockdowns started being lifted. We take a close look at China’s journey back towards normality and highlight some of the bright spots that we are seeing on-the-ground.
The technology sector has had a volatile start to 2026, but Fidelity Global Technology portfolio manager, Hyun Ho Sohn, remains positive. He discusses why the risks to software companies from AI may be overdone, the diverse opportunities to be found across the global technology sector, and key trends emerging from the recent earnings season.
The Supreme Court struck down President Trump’s 2025 sweeping global tariffs in a 6-3 ruling on Friday. The decision covers all of the country-wide reciprocal tariffs in the International Emergency Economics Power Act (IEEPA), including the fentanyl tariffs on China, and the border emergency tariffs on Canada and Mexico. Other measures, including pre-existing tariffs on China and sectoral tariffs on the likes of steel, aluminium, and autos, remain in place.
The need for income among global investors is not going away, but it is becoming harder to find stable and predictable sources in the current environment. Andrew McCaffery, Global CIO Asset Management, and Henk-Jan Rikkerink, Global Head of Solutions and Multi Asset, discuss the risks and trade-offs that investors need to consider moving forward.
How the Covid-19 crisis unfolds over the coming weeks and months depends on a number of variables. Faced with this uncertainty, Global CIO Andrew McCaffery and our Global Macro Team give our base, bull and bear cases and the associated implications for the global economy.
Our Multi Asset team's views on which asset classes and markets are presenting the greatest opportunities and risks.
While the global market sell-off in March appeared indiscriminate, our proprietary ESG ratings highlighted that higher-rated companies outperformed their lower-rated peers. Andrew McCaffery, Global CIO, Asset Management, and Ned Salter, Head of Equities, assess recent market movement and outline why the focus on sustainability issues will continue to grow as we emerge from this crisis.
European equities are trading at a historically wide discount to US equities across almost all valuation metrics and sectors. While part of this gap reflects weaker growth, lower returns on equity, and Europe’s sector mix, the scale of the discount is increasingly difficult to justify on fundamentals alone. With pessimism deeply embedded in prices and expectations low, our investment team highlight why the selective upside is now increasingly compelling.
Are central banks doing enough to bolster their economies to ensure recovery once we know a path out of the pandemic? With news that both the European Central Bank (ECB) and the Fed hold steady for now on their policy movements, Fidelity’s Head of Global Macro and Investment Strategy, Anna Stupnytska outlines what that means for global economics.
Japanese Government Bond yields sharply sold off at the long end following Sanae Takaichi’s landslide victory in the recent Japanese snap election, strengthening her mandate to pursue fiscal expansion. Mike Riddell, Portfolio Manager of the Fidelity Strategic Bond Fund, discusses the potential implications for global fixed income markets - should policy shift further. He also sets out his assessment of the broader macroeconomic backdrop and where he currently sees the main drivers of alpha within the strategy.