As monetary tools reach their limits, calls for sustained fiscal stimulus are growing. While conventional thinking would assume that this environment would negatively impact bond investors, Sajiv Vaid challenges this view and outlines why he believes low yields are here to stay irrespective of the prevailing fiscal policy stance.

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.

Fidelity Emerging Markets Fund Manager Nick Price tackles the myriad of issues and opportunities currently facing investors across the world’s developing markets. He outlines how he is navigating macro uncertainties and reveals the pockets of potential he sees across the EM complex.

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.

Rising labour costs and recent trade tensions is resulting in some companies relocating production lines out of China. Fidelity Emerging Asia Fund portfolio manager Dhananjay Phadnis looks at how ASEAN is benefiting from this shift.

Fidelity’s Kaleidoscope series

Fidelity China Consumer Fund portfolio manager Hyomi Jie investigates how the trend towards premiumisation is creating new opportunities among local companies.

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.

Paras Anand, Fidelity’s Head of Asset Management, Asia uncovers the wider benefits and opportunities Asia’s growing ESG considerations bring to investors.

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.

Asia’s economic emergence over recent decades has been reflected in what happens at ground level, where disruptive beginners have matured into established market leaders within their respective fields. Fidelity’s Teera Chanpongsang shares insight from his 25 years of active management in Asia, where he’s seen Asia grow up and mature from a frontier market to a region that is now a key contributor to global growth.

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.

After a strong opening to 2019 - and one of the longest bull markets in history - should we now expect a period of consolidation in equities? Fidelity Global Dividend Fund portfolio manager Dan Roberts discusses the benefits of emphasising dividends in the current environment and outlines how he is positioned for the challenges ahead.

Our Multi Asset team's views on which asset classes and markets are presenting the greatest opportunities and risks.

During the broad market sell-off of late 2018, Fidelity Global Dividend Fund manager Dan Roberts considered several potential new investments. In this feature, Dan Roberts and Fidelity media sector analyst Nick Wilkes outline how they built conviction that Informa - a leading global events and exhibitions business - possessed the strength and resilience to deliver an attractive dividend-based total return.

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.

Fidelity’s Dan Roberts examines the hidden risks in relying on ‘adjusted earnings’, arguing that they should not be taken at face value. Dan explains how management teams can sometimes use adjustments to flatter financial performance and how we manage this risk in the Fidelity Global Dividend Fund.

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.