Authors

Article 4 min read

2024 Q2 Investment Outlook: Timing matters

We believe the outlook for 2024 has brightened, but we caution that it won’t take much to spill over.

Andrew McCaffery + 1 other | 28 March 2024

Article 2 min read

Outlook 2024: More risk, higher yields, and four ways forward

Profound changes across economies and markets make forecasting unusually difficult in 2024. Instead, we offer four potential paths the world could take.

Andrew McCaffery | 17 November 2023

Article 2 min read

Quarterly Outlook: Resilience, refinancing, and recession risk

Markets have proven resilient to the prospect of recession. That they will continue to do so is far from certain.

Andrew McCaffery | 27 September 2023

Podcast 17 min listen

CIO podcast: US inflation and China's recovery

Fidelity's Global Chief Investment Officer Andrew McCaffery discusses the latest US inflation data and China's recovery.

Andrew McCaffery + 2 others | 25 July 2023

Article 2 min read

Quarterly Outlook: Between resilience and fragility

Hopes of a soft landing have all but vanished. A recession is coming, but perhaps not for some time. For now, we oscillate between resilience and fragility.

Andrew McCaffery | 23 June 2023

Podcast 18 min listen

CIO podcast: The Fed's pause and what comes next

Holli Eastman + 2 others | 16 June 2023

Podcast 18 min listen

CIO podcast: The recent banking turmoil and what's next

Fidelity International's Global CIO speaks to Richard Edgar about the recent banking turmoil.

Richard Edgar + 2 others | 29 March 2023

Article 3 min read

Asia Quarterly Outlook: Can the East wind prevail?

In Fidelity International's latest quarterly outlook for Asia, we believe the economic outlook in Asia is brightened by China’s reopening.

Andrew McCaffery | 29 March 2023

Article 2 min read

Quarterly Outlook: Navigating the polycrisis - Part II

In Fidelity's latest quarterly outlook, we believe that recession over the next 12 months looks increasingly likely across developed markets.

Andrew McCaffery | 28 March 2023

Article 3 min read

How to invest for China’s next phase

Andrew McCaffery | 1 March 2023

Podcast 15 min listen

CIO podcast: What next for China and what investors might have missed

Fidelity's Global Chief Investment Officer Andrew McCaffery discusses what's next for China

Andrew McCaffery + 2 others | 28 February 2023

Podcast 12 min listen

CIO podcast: US midterms and digital assets after FTX

Fidelity International's Global Chief Investment Officer Andrew McCaffery speaks to Richard Edgar about the US midterms and digital assets after FTX.

Andrew McCaffery + 2 others | 22 November 2022

Article 3 min read

US midterms and a history of stock market gains

The division of power after US midterm elections has led to calmer stock markets and positive investment returns. 2023 may yet prove more of an exception.

Andrew McCaffery | 18 November 2022

Video 11 min watch

Fidelity leaders on how to navigate 2023

Watch Anne Richards and Andrew McCaffery discuss how investors should be approaching the next 12 months

Anne Richards + 2 others | 11 November 2022

Article 2 min read

Overview: Rates overshoot risks inflation bust

Inflation has dogged markets this year, but there is a risk that overtightening by central banks will trigger a sharp recession, an 'inflation bust'

Andrew McCaffery | 11 November 2022

Article 3 min read

Food for thought at COP27

Fidelity International's Global Chief Investment Officer Andrew McCaffery considers the rising importance of food security against the backdrop of COP27.

Andrew McCaffery | 9 November 2022

Article 3 min read

A healthy economy remains key to China’s goals

Andrew McCaffery | 24 October 2022

Podcast 29 min listen

Rich Pickings podcast: Keeping cool heads in volatile times

Portfolio Managers Charlotte Harington and Ian Fishwick join Richard Edgar to discuss what investors can do in these times of turmoil.

Richard Edgar + 5 others | 20 October 2022

Article 2 min read

Q4 Asia Investment Outlook: Potential bright spot amid a challenging winter

Asia is insulated to a degree from the struggles facing Europe, and though it faces its own problems, we are turning more positive on the region.

Andrew McCaffery | 11 October 2022

Article 4 min read

Q4 Investment Outlook: Into the unknown

Fidelity International's Q4 Investment Outlook looks at the increasing likelihood of a hard landing.

Andrew McCaffery | 7 October 2022

Podcast 18 min listen

CIO podcast: The UK's U-turn and the risk of contagion

Richard Edgar and Fidelity's Chief Investment Officer Andrew McCaffery discuss the recent market turmoil in the UK and the risk of contagion elsewhere.

Andrew McCaffery + 2 others | 7 October 2022

Podcast 20 min listen

CIO podcast: Frustrations at the Fed and what the winter might hold

Fidelity International's Chief Investment Officer Andrew McCaffery speaks to Richard Edgar about the recent market turmoil.

Richard Edgar + 2 others | 20 September 2022

Podcast 36 min listen

Rich Pickings podcast: Where next for consumers and a download from Silicon Valley

Fresh from Silicon Valley, Hyun Ho Sohn and Jonathan Tseng join Richard Edgar to discuss how the tech sector is faring.

Richard Edgar + 6 others | 2 August 2022

Podcast 18 min listen

CIO podcast: Preparing portfolios for a hard landing

Fidelity's Global Chief Investment Officer Andrew McCaffery speaks to Richard Edgar about economic headwinds and preparing portfolios for a hard landing.

Richard Edgar + 2 others | 25 July 2022

Article 3 min read

Q3 Asia Investment Outlook: China recovery likely as restrictions ease

Asia stands in a relatively strong position amid a global reset in markets.

Andrew McCaffery | 13 July 2022

Article 3 min read

Q3 Investment Outlook: The Great Reset

Central banks have tried to strike a balance between reducing inflation by tightening financial conditions and mitigating the impact on economic growth.

Andrew McCaffery | 7 July 2022

Article 3 min read

Private markets and the need for climate unicorns

Andrew McCaffery | 19 May 2022

Podcast 25 min listen

CIO podcast: Growth risks and the safe harbours for portfolios

Richard Edgar speaks to Fidelity's Global Chief Investment Officer Andrew McCaffery about growth risks and safe harbours for portfolios.

Andrew McCaffery + 2 others | 16 May 2022

Podcast 35 min listen

Rich Pickings podcast: The ESG questions raised by the Russia-Ukraine war

Carsten Roemheld discusses the ESG questions raised by the Russia-Ukraine war and the implications for asset allocation.

Carsten Roemheld + 4 others | 4 May 2022

Article 3 min read

Q2 Asia Investment Outlook: Region sees opportunity amid volatility

Fidelity International's investment outlook for the second quarter for Asia sees regional opportunity amid the global volatility

Andrew McCaffery | 10 April 2022

Article 5 min read

Q2 Investment Outlook: The “Grand Chessboard” reconfigured; stagflation risks intensify

The global order is reconfigured and stagflation risks intensify.

Andrew McCaffery | 10 April 2022

Podcast 17 min listen

CIO podcast: The Asia perspective

Fidelity International's Global CIO Andrew McCaffery discusses his recent trip to Asia and the latest market developments.

Andrew McCaffery + 2 others | 4 April 2022

Podcast 14 min listen

CIO podcast: The questions investors have on China, Ukraine, and Fed rates

"The market feels that the trajectory of rate rises actually increases the risk of [...] recession," says Global CIO Andrew McCaffery.

Andrew McCaffery + 2 others | 18 March 2022

Article 5 min read

A time for cool heads as the world order shifts

Russia’s war in Ukraine has raised fears of profound fissures in the global economic and geopolitical balance, while casting scrutiny on China’s stance.

Andrew McCaffery | 16 March 2022

Podcast 15 min listen

CIO podcast: allocating for stagflation and geopolitical turmoil

"We continue to look to China, to Asia, to Japan for opportunities relative to the US and Europe, because we cannot ignore the recessionary risks."

Andrew McCaffery + 2 others | 13 March 2022

Article 3 min read

Searching for safe havens amid a stagflation shock

High inflation and damaged growth will define the macro outlook for several quarters

Andrew McCaffery + 3 others | 8 March 2022

Podcast 13 min listen

CIO podcast: The impact of Russia sanctions

Fidelity International's Global Chief Investment Officer Andrew McCaffery explains the impact of economic sanctions on Russia

Andrew McCaffery + 2 others | 4 March 2022

Article 4 min read

Fidelity CIO: Stagflationary consequences of Ukraine crisis intensify policy dilemma

An environment of stagflation is increasingly likely to be maintained rather than to ease off over the coming months.

Andrew McCaffery | 24 February 2022

Podcast 13 min listen

CIO podcast: What the invasion of Ukraine means for markets and policy

As Russian forces launch a military invasion of Ukraine Fidelity's Global CIO explains the likely repercussions for markets and central banks.

Andrew McCaffery + 2 others | 24 February 2022

Podcast 15 min listen

CIO podcast: Market volatility ahead

Fidelity International's Chief Investment Officer Andrew McCaffery explains why the current market volatility is set to continue, and how to allocate for it.

Andrew McCaffery + 2 others | 17 February 2022

Podcast 13 min listen

CIO podcast: Why the Fed won't be so hawkish

Global Chief Investment Officer Andrew McCaffery on the outlook for central banks

Andrew McCaffery + 2 others | 24 January 2022

Podcast 24 min listen

Rich Pickings podcast: 2021- a sustainability odyssey

The pandemic and COP26 made 2021 a big year for sustainability. In this podcast we round up the main themes and ask where next for investors and ESG.

Carsten Roemheld + 5 others | 20 December 2021

Video

Fidelity's Sustainable World Summit 2021

Sustainable World Summit 2021

Anne Richards + 3 others | 17 December 2021

Article 2 min read

The policy paradox

2021 brought the recovery many had hoped for. But no one could describe it as ‘getting back to normal’.

Andrew McCaffery | 19 November 2021

Video

Fidelity leaders discuss the outlook for 2022

Fidelity International’s Anne Richards and Andrew McCaffery on the outlook for 2022

Anne Richards + 2 others | 19 November 2021

Video

Fidelity leaders discuss the outlook for 2022

Fidelity International's Anne Richards and Andrew McCaffery on the outlook for 2022

Anne Richards + 2 others | 18 November 2021

Article 2 min read

The policy paradox

2021 brought the recovery many had hoped for. But no one could describe it as ‘getting back to normal’.

Andrew McCaffery | 18 November 2021

Article 4 min read

COP26 is a make-or-break moment for cutting emissions at speed

COP26 is a chance to go faster on the things that we know work and to push harder on the things we still need to get right.

Andrew McCaffery | 29 October 2021

Podcast 13 min listen

Fidelity's CIO calls for clarity at COP

Ahead of COP26, Fidelity’s chief investment officer Andrew McCaffery talks to Richard Edgar about the challenges facing politicians.

Andrew McCaffery + 2 others | 21 October 2021

Podcast 48 min listen

June's Rich Pickings podcast: Where next for inflation

"The market will wonder: is The Fed talking more aggressively but actually still way behind the curve?" says CIO Andrew McCaffery in June's Rich Pickings.

Richard Edgar + 6 others | 25 June 2021

Podcast 39 min listen

Rich Pickings podcast: The real workhorse of Asia Pacific

"Emerging growth versus value orientation and corporate governance changes makes for a really attractive region," says portfolio manager Dale Nicholls.

Richard Edgar + 4 others | 13 May 2021

Podcast 43 min listen

Rich Pickings podcast: (What) A Year in Review

For the final episode of the year Fidelity's Global Chief Investment Officer discusses the market history that was made and the lessons to take from 2020.

Richard Edgar + 2 others | 11 January 2021

Video 60 min watch

Fidelity Live: CIO Outlook 2021 - replay

Our CIOs share their outlook for the year ahead.

Andrew McCaffery + 3 others | 11 December 2020

Video 8 min watch

Video: Fidelity International CEO, CIO and Macro Head on Outlook 2021

Fidelity International's CEO, CIO and Head of Macro discuss what we learned in 2020 about who will flourish and who will flounder in 2021.

Anne Richards + 3 others | 27 November 2020

Article 3 min read

Outlook 2021 overview: Will the reality match the optimism?

Balancing optimism with caution as we move into 2021.

Andrew McCaffery | 27 November 2020

Video 45 min watch

Fidelity live: CIOs October webcast (replay)

Our CIOs take stock of Q3, discuss the macro outlook for the next quarter, and give an update on trading.

Andrew McCaffery + 3 others | 22 October 2020

Podcast 14 min listen

October's CIO podcast: Strength in numbers

Fidelity International's Chief Investment Officer Andrew McCaffery gives his latest analysis of markets and what it means for investors.

Richard Edgar + 1 other | 9 October 2020

Podcast 15 min listen

CIO update podcast: How to spot resilience

CIO Andrew McCaffery on market sentiment, Fed commitments, and what we mean by resilience.

Andrew McCaffery + 1 other | 7 September 2020

Blog 5 min read

Fidelity CIOs: Focus on resilience

Greater focus on resilience and sustainability is benefiting domestic economies and altering supply chains.

Andrew McCaffery + 1 other | 3 September 2020

Video 30 min watch

Fidelity live: CIOs webcast replay

As the world emerges from lockdown, hear our CIOs discuss their outlook for the next quarter and beyond.

Andrew McCaffery + 3 others | 27 July 2020

Article 12 min read

Fidelity CIO Outlook Q3: Nearing the limit

Markets will struggle to surpass second quarter rebound.

Andrew McCaffery + 4 others | 27 July 2020

Article 4 min read

Sustainable capitalism: Public and private combine to aid recovery

Companies and governments are working together to tackle the current crises and meet future challenges.

Andrew McCaffery | 14 July 2020

Podcast

July's CIO update: What to expect this summer

Andrew McCaffery on Q3, Fidelity's new normal, and the continued rise of ESG.

Andrew McCaffery + 1 other | 10 July 2020

Podcast

CIO update podcast: Markets versus the real economy

Exploring the dissonance between buoyant markets and gloomy economic data. Meanwhile, US election and Brexit are back on the news agenda!

Andrew McCaffery + 1 other | 12 June 2020

Blog 4 min read

Fidelity CIO: Thinking differently about diversification

Portfolios may need to encompass a broader range of assets than in the past.

Andrew McCaffery + 1 other | 29 May 2020

Blog 4 min read

Fidelity CIOs: Effects of monetary explosion

The sheer scale of central bank action could store up problems for the future.

Andrew McCaffery + 1 other | 20 May 2020

Blog 4 min read

Fidelity CIOs: Spotlight on solvency

Balance sheets come under scrutiny.

Andrew McCaffery + 1 other | 13 May 2020

Blog 4 min read

Fidelity CIO: The income conundrum

Stable and predictable income streams may become harder to find.

Andrew McCaffery + 1 other | 6 May 2020

Article 2 min read

The New Economic Order

We believe the Covid-19 crisis will trigger a step-change in policy, accelerate existing trends and transform investment frameworks.

Andrew McCaffery + 3 others | 5 May 2020

Podcast 19 min listen

CIO update podcast: International cooperation needed

CIO Andrew McCaffery on the why a V-shaped recovery is unlikely and why greater international cooperation is needed to avoid long-lasting damage.

Andrew McCaffery + 1 other | 4 May 2020

Blog 5 min read

Fidelity CIO: Society’s focus on sustainability and resilience to go parabolic

Fidelity analysis shows companies with higher ESG scores outperformed during the March sell-off.

Andrew McCaffery + 1 other | 29 April 2020

Blog 4 min read

Fidelity CIOs: Dispersion increases as demand effects filter through

Investors become more selective as demand shock hits oil price and other sectors.

Andrew McCaffery + 1 other | 22 April 2020

Blog 5 min read

Fidelity CIO: Possible economic scenarios

Challenges lie ahead for the global economy.

Andrew McCaffery + 1 other | 16 April 2020

Blog 3 min read

Crisis drives shift in public/private relationship not seen since WWII

State aid for companies is likely to come with conditions attached.

Andrew McCaffery + 1 other | 8 April 2020

Podcast 25 min listen

Fidelity CIO Podcast: Finding value and income

Opportunities for value and income as volatility lessens.

Andrew McCaffery + 1 other | 3 April 2020

Blog 3 min read

Fidelity CIOs: A new paradigm

The Covid crisis is accelerating changes already underway.

Andrew McCaffery + 1 other | 1 April 2020

Blog 4 min read

Fidelity CIOs: Dollar devaluation could be the end game from Fed actions

Fiscal and monetary stimulus could weaken the dollar and be inflationary.

Steve Ellis + 1 other | 25 March 2020

Blog 4 min read

Fidelity CIOs on market conditions and whether policy action is enough

Flat is becoming the new up.

Andrew McCaffery + 2 others | 20 March 2020

Blog 3 min read

Coronavirus and the new reality

How should markets navigate the new reality of economic shutdown due to the coronavirus?

Andrew McCaffery + 1 other | 18 March 2020

Article 4 min read

Fidelity CIOs on the response needed to stabilise the markets

Fidelity CIOs on the response needed to stabilise the markets following coronavirus and oil shocks

Romain Boscher + 2 others | 11 March 2020

Video 9 min watch

Cool Heads: Fidelity CIOs on oil crash, volatility and what's next

Managing liquidity is key.

Andrew McCaffery + 2 others | 10 March 2020

Video 3 min watch

CIO Outlook video: Andrew McCaffery on Multi Asset and Alternatives

Tactical allocations to non-US assets such as emerging markets, alongside alternatives and income plays, could help navigate a switch in market regime.

Andrew McCaffery | 19 December 2019