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Rich Pickings podcast: What the lessons of 2023 can teach investors for the year ahead
From artificial intelligence to US resilience, Richard Edgar discusses the big themes of 2023 with a panel of multi asset portfolio managers.
Chart Room: China's solar non grata
Solar energy stocks in China rebounded as the country rekindled cooperation with the US on climate change. But we think investors’ optimism is misplaced.
Rich Pickings podcast: Outlook 2024
Richard Edgar is joined by Fidelity's heads of investment to discuss the investment outlook for 2024.
China’s AI frenzy: beyond the hype
In China, like elsewhere, the frenzy over artificial intelligence (AI) is now shifting to how to monetise this novel and still imperfect technology.
Japan’s reflating economy is kindling new hopes
Following decades of price stagnation and declines, Japan’s push to bring back “good inflation” is finally bearing fruit. But how sustainable is it?
Chart Room: The return of 60/40?
Chart Room: The return of 60/40?
Fundamentals: Why China’s tentative, two-speed housing market recovery is still on track
China’s residential property market rebound continues at a slow and steady pace, despite diverging performance between new and existing home sales.
Fundamentals: When boring banking is better
Fundamentals: When boring banking is better
Why equity investors are rediscovering Japan
Global investors under-allocated to Japanese stocks risk missing out on big improvements in corporate earnings yields and capital returns.
Proxy plays on China’s consumer rebound are all the rage in Paris
Luxury companies have been among the biggest beneficiaries of China’s bounce and are delivering investors exposure without putting money in Chinese companies.
Chart Room: Utilities less useful as bond proxies
Rising interest rates in the US are testing the notion of utility stocks as bond proxies, as ties between their P/E ratios and corporate bond yields weaken.
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.
Fundamentals: American cardboard is too heavy
European packaging companies have made progress in reducing plastic use and making cardboard packaging cheaper, lighter, and greener. But US peers are lagging.
Chart Room: Earnings, not valuations, will carry China’s rebounding markets forward
Improving corporate earnings are likely to take over from cheap valuations as the main driver in the next stage of the Chinese stock market's rebound.
The Investor’s Guide to China podcast: China’s reopening and supply chains
The Investor’s Guide to China podcast: China’s reopening and supply chains
Rich Pickings podcast: Outlook 2023 - navigating the polycrisis
Richard Edgar is joined by Fidelity's cross-asset investment team to discuss the 2023 Outlook.
The Investor's Guide to China podcast: China's Onshore Markets
China's economy and its markets have faced a number of headwinds in 2022. Slowing growth, geopolitical uncertainty, the impact of the country's Covid policy
Chart Room: EVs plug into the mainstream in China
Chart Room: EVs plug into the mainstream in China
Are private savings the answer for China’s ageing masses?
China's new ‘third pillar’ private pension scheme could reshape both ordinary people’s retirement plans and the country's asset management industry.
Fidelity International China Stewardship Report 2022
Gaining traction: Fidelity International China Stewardship Report 2022. A proprietary study of shareholder stewardship, voting and engagement trends in China.
Outlook 2023: Download the assets
Find Fidelity International's full 2023 Investment Outlook here
Equities 2023: Market uncertainty to remain amid tighter policy
We expect a high degree of volatility for global equities in 2023. However, diverging earnings expectations will present select opportunities
The Investor's Guide to China podcast: China's Next Phase
What's going to happen as we enter a new phase of the Chinese growth story under President Xi Jinping's leadership.
Time to look beyond market turmoil and focus on China’s long-term growth
Time to look beyond market turmoil and focus on China’s long-term growth
ESG ratings: Seeing the value in divergent views
ESG ratings: Seeing the value in divergent views
Q4 Investment Outlook: Into the unknown
Fidelity International's Q4 Investment Outlook looks at the increasing likelihood of a hard landing.
Rich Pickings podcast: Where next for the UK?
Four of Fidelity's investment team join Richard Edgar to discuss where next for the UK after a week of market turmoil.
The Investor's Guide to China podcast: Private Markets
So much of the investment conversation is dominated by companies that have already gone public. But it's not always just about listed companies.
Waiting for the sequel: Japan’s stock exchange reforms
A highly anticipated round of reform at the Tokyo exchange has left many questions unanswered, but rising ESG awareness shines a light on the way forward.
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.
Now and zen: Japan’s quiet rise
Inflation may be a scourge elsewhere, but Japan is unruffled. Instead, the world’s third-largest economy is showcasing its appeal to investors.
Corporates weigh the cost of long-term Russia exits
Our latest Fidelity International Analyst Survey suggests that for many companies Russia may be un-investable for years to come
Re-globalisation in the age of Asia's supply chain crunch
Even the best-laid plans across the global manufacturing industry haven’t kept pace with a swiftly evolving siege of pressures on supply chains.
What delisting Chinese ADRs from US exchanges does and doesn’t mean for investors
What delisting Chinese ADRs from US exchanges does and doesn’t mean for investors
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
Q2 Investment Outlook: The “Grand Chessboard” reconfigured; stagflation risks intensify
The global order is reconfigured and stagflation risks intensify.
Remapping China risks
Amid rising investor uncertainty over China-related risks, we assess what’s changed and what hasn’t in the outlook for China’s markets and macro policy.
Markets shift as Ukraine consequences spread
While the humanitarian impact of the war in Ukraine grows by the day, the economic effects are also mushrooming
Searching for safe havens amid a stagflation shock
High inflation and damaged growth will define the macro outlook for several quarters
Ukraine invasion threatens bumpy landing for global stocks
While we are not yet talking about uncharted territory for stock markets, the Ukraine invasion fundamentally challenges the market environment.
Chart Room: 2021’s long goodbye to transitory inflation
Five charts that show the inflationary impact of 2021’s reopening cycle
The Investor's Guide to China podcast: Demographics
China’s labour pool is shrinking as the population ages. How people save and invest signals challenges and opportunities for China’s pension system.
On course for a soft landing
At the moment, a soft landing looks more likely for equities in 2022, but a number of risks could drag the market into something more unpleasant.
Waiting for more certainty
We are optimistic about equities over the next 12 to 18 months. Growth and earnings will be respectable but momentum is slowing.
On course for a soft landing
At the moment, a soft landing looks more likely for equities in 2022, but a number of risks could drag the market into something more unpleasant.
Waiting for more certainty
We are optimistic about equities over the next 12 to 18 months. Growth and earnings will be respectable but momentum is slowing.
Chart Room: An inflection point for Chinese equities?
There may be pressure on valuations as international investors adopt a wait-and-see approach, but the long-term outlook continues to be positive.
A podium moment for Japan’s markets, too?
Japan stocks have long been consigned to tactical trading by global investors, but positive catalysts are emerging in a post-Covid inflationary world.
After the selloff, what next for China equities?
A spate of regulatory actions across several sectors in China rattled markets and sent shares tumbling, but some of this selling appears overdone.
Chart Room: The rapid rise of digital payments in India
The technological transformation of India’s economy has accelerated in recent years, as can clearly be seen in the accelerating shift to digital transactions.
Chart Room: Why dividends make sense in an inflationary environment
History shows how dividend-focused investment strategies can provide sustainable income in a reflationary environment.
Chart Room: China has fewer reasons to be hawkish
China's short-end rates remain low despite earlier expectations for monetary tightening.
Chart Room: Equity volatility eases as Treasury yields rise
The VIX has fallen below a key technical level, suggesting a new wave of investor optimism.
Chart Room: EM outperformance could be sustained, if commodities are a guide
This week’s Chart Room shows the historical correlation of EM equities with commodities, which suggests that the breakout could be sustained.
Reflation revives outlook for UK equities
Signs of reflation are sparking hopes that UK equities will benefit from a vaccine-led reopening of the economy.
Chart Room: Risk-on and on, with caveats
Caution and careful positioning are important from here, based on the latest readings from Fidelity’s risk aversion indicator.
Chart Room: Emerging markets and the reopening trade
Emerging EMEA (Europe, Middle East and Africa) and Latin American stocks are particularly well positioned to reap the benefits of reopening.
Chart Room: The return of the value super-cycle?
In this week’s Chart Room, we look at both sides of the long-standing debate between value and growth investment styles, as seen from both Europe and China.
Chart Room: A liquidity tide for the record books
2020 brought us new high-water marks in the US for both money supply growth and the personal savings rate.
Chart Room: Chinese stocks, playing catchup, finally retrace 2015 highs
But the rally in China’s main onshore index still lags its US and global counterparts.
Chart Room: Weakening dollar gives emerging markets a shot in the arm
Emerging markets may be helped further along by the weaker outlook for the US dollar.
Equities in 2021: A delicate balancing act
Earnings to recover but at an uneven pace. Certain value areas look attractive, while ESG factors are helping to drive performance.
Chart Room: The clear link between ESG and returns
How have stocks that scored high for Environmental, Social and Governance (ESG) factors held up amid the Covid-19 fallout?
Fidelity CIOs: Focus on resilience
Greater focus on resilience and sustainability is benefiting domestic economies and altering supply chains.
The connectivity revolution is only just beginning
Most investment opportunities from unprecedented connectivity lie in the future.
ESGenius: Overcoming fast fashion’s hidden costs
ESGenius: Overcoming fast fashion’s hidden costs
July’s Fidelity International Pulse Survey: Falling costs find some support
July’s Fidelity International Pulse Survey: Falling costs find some support
Chart Room: QE expectations vs. reality, market moves
Market expectations of future asset purchases by the Fed have an even greater influence than the purchases themselves.
Fidelity CIO: The income conundrum
Stable and predictable income streams may become harder to find.
The New Economic Order
We believe the Covid-19 crisis will trigger a step-change in policy, accelerate existing trends and transform investment frameworks.
Fidelity Pulse Survey: The coming solvency squeeze
The global shutdown will put a significant dent in corporate earnings this year, according to 150 Fidelity analysts surveyed this month.
Fidelity CIOs on market conditions and whether policy action is enough
Flat is becoming the new up.
Oil price war set to escalate
The oil price war between Russia and Saudi Arabia is still in escalation mode - and things could get worse before they get better.
White paper: Active share and index concentration
We examine active share, and assess how its value as a tool for evaluating portfolios and investment managers can vary with the underlying benchmark index.
Small could be beautiful, as mega caps overreach
Small could be beautiful, as mega caps overreach
CIO Outlook video: Romain Boscher on Equities
We should avoid an earnings recession. In that scenario, equity markets could go higher and value investing return, but be wary of banks.
Cool Heads: Alex Wright on UK equities beyond Brexit
Portfolio manager Alex Wright talks about how UK companies are faring amid Brexit uncertainty and the impact on corporate earnings
Negative interest rates: a bold but dangerous experiment
In an environment of negative interest rates, it could be growth companies not negative yielding bonds, which are the 'safe' investment choice.
Timing of Trump impeachment could further weaken global economy
Trump's impeachment comes as the latest ISM data shows US manufacturing firmly in contraction territory.
What Warren Buffett gets wrong about gold
Contrary to Warren Buffett’s complaints about gold, it’s constantly offering useful insights if you look closely enough.
ESGenius: Will flight shame take off?
If flight shame spreads from Sweden to the rest of Europe, it could be a big ESG problem for arlines
India’s tax cut hits the reset button
We believe India’s domestic demand-driven structural growth story continues to provide compelling opportunities for long-term investors.
For and against China as a standalone allocation
What are the different factors in asset allocation and portfolio construction that investors should consider when looking at China on its own?
Despite macro challenges, pockets of resilience in Chinese corporate earnings
Some bright spots in recent earnings reports suggest interesting opportunities
Volatility could create opportunities to buy high-quality cyclicals
Investors should consider rotating away from overbought defensive assets into largely-ignored cyclical growth stocks.
Why doing your research pays dividends
Thorough research is needed when implementing an equity income strategy.
Outlook bullish for short-term oil prices after surprise OPEC supply cuts
Brent crude oil to trade in the upper half of the $60-80 range for the rest of the year
Equities, fixed income and multi asset: three different paths to income
Income-focused funds cover all asset classes and are a compromise between risk, yield, predictability and sustainability as well as capital preservation.
An appeal to optimism: The opportunity of the uncertainty premium
The demand for safety since the financial crisis has created an uncertainty premium that investors with a little optimism can take advantage of.
India election: Modi for longer
Fresh mandate to help Modi push for further reforms.
What it means to pursue an active sustainable investing strategy
ESG is changing the way companies and asset managers engage with each other, resulting in a positive outcome both for investors and society as a whole.
Uncertainty is now at an attractive discount in the UK and elsewhere
Predictability has been at a premium in recent years, but we feel the discount now offered to take on uncertainty offers a long-run opportunity.
What China’s new stimulus measures mean for investors
The Chinese government has announced tax cuts worth 2 trillion yuan and higher spending. But will this boost the slowing economy?
The $118 billion investment opportunity hidden in the sea
Regulation and globalisation are creating new investment opportunities in the global ballast water treatment systems market.
European corporate earnings fall without boost from utilities, energy firms
The half-way mark for the European earnings season provides a good opportunity for an update on what we have seen so far and what conclusions can be drawn.
Don’t miss the Asia high-yield opportunity
Investor optimism in China is improving, and Asia's high yield market is looking more attractive than the equity market.
Brexit vote: Next steps
What next for Brexit after Prime Minister Theresa May's historic defeat?
Forecasting markets in 2029: 10 years is a long time in finance
Long term forecasting and how Fidelity constructs its 10-year capital market assumptions .
A troubled marriage to tech
Investors are married to the tech story whether they like it or not
The next recession: zombie killer
Zombie companies have grown in number since the financial crisis. The next recession should kill them off.
There’s a new sector in town - and it will change tech stock trading
The GICS rejig has shifted the likes of Facebook from IT, telecom and consumer discretionary into a newly formed communication services sector.
Bitter end to 2018 will not stop US bull market run
Despite recent stock market corrections, the secular run in the US market is set to continue.
‘Yellow vest’ reforms to give a strong boost to French consumers
Purchasing power will record the strongest growth in 2019 since the financial crisis, probably at levels above 2 per cent year on year.
Bumpy road ahead for US tech stocks
Volatility is set to continue into 2019, but this is not the beginning of the end for the FAANGs.
The opportunities in China's mixed-bag economy
Despite dismal headlines, China's real economy is more of a mixed bag. Corporates are focusing on shareholder returns and valuations have retreated from peaks.
Equities Outlook 2019: US corporate earnings drive the stock market story
Fidelity International's outlook for equities in 2019 shows how US corporate earnings growth will slow to around 8 or 9 per cent.
Multi Asset Outlook 2019: Complacency on inflation stalks markets
Fidelity International's multi asset outlook for 2019 examines the risk of a shock to markets from higher-than-expected inflation.
CIO views: The correction that averted a capitulation
Recent market volatility shook investors' confidence, with many questioning if the end of cycle was near. Our CIOs give their views.
Fairytale economics will not enchant markets
Policy makers globally are taking their feet off the spending brakes. This fairytale economics may work, but impact on markets will not unequivocally positive.
Inverting the pyramid
Investors may be misunderstanding the central narrative defining the current market and are therefore at risk of missing opportunities.
Merkel’s decision to step down as CDU leader could be positive for Germany
Market impact should be small and positive. For investors, there's no reason to be nervous. Recent volatility will bring opportunities.
Italy budget: The fight has only just begun
The bond market is taking a very negative view on Italy's budget, and we expect more volatility as negotiations with the European Commission continue.
Trade wars revisited: US politics and impact on China
The US-China trade war relates to the US electoral cycle and to Trump’s image as ‘deal maker’, and also has a longer-term impact on China.
As market sells off, stay vigilant but calm
In light of the recent sell-off, it is important to watch the current apparent risks closely while focusing on stock selection rather than macro forecasting.
India’s fundamentals remain strong despite falling rupee stoking EM fears
Volatile emerging markets have raised concerns that India could be the next casualty in the EM rout
Has passive peaked?
Passive investing has undergone stellar growth but as monetary policies and market dynamics shift could we be seeing the 'peak' of the passive bull run?
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