25 May 2026
In this monthly video series, our Multi Asset team break down what’s changed in markets, what’s new, and what they’re watching next. This month, portfolio manager Caroline Shaw reflects on recent market volatility driven by heightened geopolitical tensions and explains why portfolio positioning has remained broadly stable. Despite sharp market moves and unusual behaviour from traditional defensive assets, the focus has been on staying disciplined, avoiding knee‑jerk reactions, and waiting for greater clarity on growth and inflation.
The ideas and conclusions here do not necessarily reflect the views of Fidelity’s portfolio managers and are for general interest only. The value of investments can go down as well as up, so your clients may not get back what they invest.
The ideas and conclusions here do not necessarily reflect the views of Fidelity’s portfolio managers and are for general interest only. The value of investments can go down as well as up, so your clients may not get back what they invest.
Click the image below to view the video.