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Chart Room: Technical bid buoys loan market as buyouts dry up
Chart Room: Technical bid buoys loan market as buyouts dry up
Fed hikes into the banking storm as hard landing risks rise
As expected, the impact of the past fortnight’s banking troubles was writ large on the Federal Reserve’s March meeting. But it is still raising rates.
The Investor's Guide to China podcast: Tech Hardware and the 'Chip War'
Chip shortages at the start of the Covid pandemic threw semiconductors into the limelight. More recently, chips have been the focus of trade tensions.
Rich Pickings podcast: The wider implications of the UBS/Credit Suisse merger
Following the takeover of Credit Suisse by UBS, Richard Edgar is joined by senior analyst Federico Wynne to discuss how we got here and what might emerge.
Suisse roll-up
An historic last-minute takeover of Credit Suisse by UBS offers an imperfect solution as regulators seek to contain broader systemic risk.
China’s banks have seen this show before
China’s banks have seen this show before
Certain banks struggle but sector remains solid
Certain banks struggle but sector remains solid
Chart Room: Bank blow-ups and tight labour markets make a hard day’s night for the Fed
Chart Room: Bank blow-ups and tight labour markets make a hard day’s night for the Fed
A hawkish ECB stays the course despite market turmoil
The ECB stuck to its 50 basis point hike despite financial stability concerns. Tightening credit could hit the real economy earlier, and harder, than expected.
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.
Regime change comes into focus for private markets
Regime change comes into focus for private markets
Rich Pickings podcast: Looking for cracks in the system after SVB
After the collapse of Silicon Valley Bank, Richard Edgar is joined by some of Fidelity's experts to discuss the fallout.
The Fed can’t paint over the cracks for long
Fidelity International's Chief Investment Officer for fixed income on what the SVB collapse means for the Fed and monetary policy.
Inflation’s bite won’t spoil China’s recovery
Spiralling prices were a headache for much of the world in 2022, and some are asking if it’s China’s turn.
SVB sell-off shows where market weaknesses lie, but contagion unlikely
SVB sell-off shows where market weaknesses lie, but contagion unlikely
Chart Room: Why fixed-asset investment is on the move in China
Investment remains a major driver of China’s economy, but priorities are shifting from property to manufacturing.
China’s property market sparks to life with signs of recovery
Homebuyers are finally back in action in China. We see a rebound in sales activity in mega cities, although consumer confidence remains fickle.
Fundamentals: Looking for winners in the AI arms race
ChatGPT is a watershed moment for the popular use of AI technology, but it will be as hard as ever piecing together the likely paths of development from here.
How to invest for China’s next phase
How to invest for China’s next phase
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
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.
Trade Offs | Bunge: The price of sustainable agriculture
Bunge CEO Greg Heckman tells us how his company looks to answer some of the most pressing questions around sustainability and food security.
The phone is mightier than the pen: direct lending opens the line to engagement
The phone is mightier than the pen: direct lending opens the line to engagement
Fundamentals: This is not an iPhone
A US liberalisation of access to hearing aids brings one of the health world’s big equipment markets closer to the retail mainstream.
Chart Room: Sentiment turns positive, but can it hold?
Chart Room: Sentiment turns positive, but can it hold?
Trade Offs | Serco: Social contracts and the scrutiny of public markets
Keeping investor and public relations on an even keel is no mean feat for Serco CEO Rupert Soames. Especially when ESG investing is added to the mix.
How far can ‘revenge spending’ consumers carry China’s economic rebound?
Chinese consumers’ holiday shopping provided evidence of pent-up demand. With more policy support, consumers will set their sights on bigger ticket items.
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: Analyst Survey 2023 - Light at the end of the tunnel
Fidelity's experts join Richard Edgar to dig through the findings of the 2023 Analyst Survey.
Chart Room: A hiring spree on the horizon in China
While much of the global economy appears at risk of recession, China is revving up a rebound that’s set to jumpstart the job market.
Trade Offs | Baker Hughes: Telling home truths about natural gas
From deep sea divers to Texas roughnecks, Baker Hughes is one of the oil and gas industry’s big three global services players.
Readying for a real estate recovery
Readying for a real estate recovery
Fundamentals: China’s reopening and supply chains
China’s reopening and supply chains
ECB still hiking but markets are focusing on the end point
President Lagarde tries to deliver another hawkish shock, but markets sense we are near the end of the hiking cycle for the ECB.
Chart Room: A regulatory cliff edge for unrentable European offices
Chart Room: A regulatory cliff edge for unrentable European offices
Trade Offs | Bayer: How to feed 8 billion people without ruining the planet
How to feed the world while not degrading every patch of land in the process? We speak to Werner Baumann, chief executive of the German multinational Bayer.
Chart Room: Employee welfare is still a priority
Companies’ recent push to focus on employee wellbeing is unlikely to fade, even as an economic downturn puts pressure on business
Trade Offs | Bank of America: Financing the transition
Bank of America CEO Brian Moynihan on the critical balancing act banks play as we transition to a low carbon and more equitable world.
Fidelity's CEO on her takeaways from Davos
Fidelity International's chief executive Anne Richards gives her takeaways from the World Economic Forum in Davos.
Chart Room: Rewriting the yen narrative
We think recent tweaks to the Bank of Japan's yield curve control policy could reset the narrative and pave the way for yen appreciation.
Fundamentals: Building Paris every week
Retrofitting is the answer to slashing real estate's huge carbon bill, says analyst Cian O'Sullivan in our latest Fundamentals episode.
ESGenius: Cementing a greener future in China
We see huge environmental value in helping to set a top Chinese cement producer on a greener path.
Inflation is slowing, the Fed may too
The opening data salvos of 2023 add to the case for the Federal Reserve to slow down on raising interest rates
Leveraged loan market looks to inspire real change with amendment spree
Leveraged loan market looks to inspire real change with amendment spree
Chart Room: And the key disruptive tech of 2023 will be…
Automation and AI are expected to be the biggest disruptive forces boosting corporate profitability in 2023, according to Fidelity International analysts.
Analyst Survey 2023: Inflation relief in sight
Fidelity International's annual Analyst Survey suggests cost pressures for companies will peak by the end of the first quarter of 2023.
Fundamentals: US oil majors finally get serious about clean energy
Fundamentals: US oil majors finally get serious about clean energy
A new golden age for China’s investment sector
China’s investment and wealth management industry is embracing a golden age. The onshore markets will remain an attractive long-term investment destination.
Rich Pickings podcast: Your questions answered
Fidelity experts answer listeners investment questions for this festive special of Rich Pickings.
Chart Room: Looking back on an inflationary Catch-2022
Eight charts that capture the inflationary torment of 2022 and shine a light on what’s ahead.
ECB rates stance raises risks of financial instability for 2023
If the ECB matches its hawkish rhetoric with policy action, concerns about the bloc's periphery may return, adding to concerns for investors next year.
Rich Pickings podcast: Outlook 2023 - navigating the polycrisis
Richard Edgar is joined by Fidelity's cross-asset investment team to discuss the 2023 Outlook.
Fed meeting: Powell provides another hawkish push
The dip in headline inflation numbers may have led the US Federal Reserve to slow down on policy in December, but longer-term risks to growth are piling up.
As banks retreat, the mid-market taps direct lenders
As banks retreat, the mid-market taps direct lenders
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
Fundamentals: After a volatile year, how low can commodities go?
Fundamentals: After a volatile year, how low can commodities go?
Chart Room: Credit markets look cautious to a (de)fault
Markets are pricing too much bad news into investment grade bonds, especially now that inflation appears to have peaked.
Fidelity Analyst Survey: Inflation starts to peak
November’s survey of Fidelity’s 150 sector analysts highlights the pain businesses and households are experiencing, but that inflation is already easing.
Why ‘nature positive’ will be as big as net zero
Why ‘nature positive’ will be as big as net zero
Le Prélude: Introducing the office of the future
Le Prélude: introducing the office of the future
The Vegas of the East at a crossroads
Macau’s tourism-dependent economy was hit hard by Covid-19. Now, the Chinese casino hub aims to turn a crisis into an opportunity to reinvent itself.
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.
Chart Room: Falling US retail sales suggest inflation may have peaked
Real retail sales have fallen significantly since 2021. This suggests core inflation could be due to ease soon - and has almost certainly peaked.
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.
New world, new playbook
We move into 2023 in a changed world, and the opportunities and challenges will be different for investors going forward.
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.
Mining graduates are a crucial green building block
Winning over graduates and universities is the latest challenge facing miners struggling to deliver the metals needed for the net zero transition.
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.
Chart room: Leveraged loan market relatively resilient as downturn looms
Chart room: Leveraged loan market relatively resilient as downturn looms
The glory of the grey stuff: the technology changing real estate’s carbon future
The glory of the grey stuff: the technology changing real estate’s carbon future
Looking through the gridlock
The initial returns from US midterm elections point to a high likelihood of gridlock in Washington for the next two years.
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.
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.
Bonds are back in town
For over a decade, one of the main cards in investors’ pack - solid and steadily yielding government bonds - has been off the table. That era has ended.
Fed seeks to dampen ‘pivot mania’
Fighting inflation remains the Federal Reserve’s sole objective, with no pivot in sight.
ECB doves back in charge despite jumbo hike
The European Central Bank's 75 basis point hike in October may be its last jumbo move as the threat of recession looms large over the euro area.
Chart Room: Pressure mounts on yen as US yields soar
Japan's commitment to YCC puts it in a difficult position amid rising inflation. Were the BoJ to abandon YCC, the knock-on effects could be severe.
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
Structured credit: a bogeyman of the GFC could now play a different role
Structured credit: a bogeyman of the GFC could now play a different role
A healthy economy remains key to China’s goals
A healthy economy remains key to China’s goals
Beyond the ratchets; how leveraged loans can truly embrace ESG
Beyond the ratchets; how leveraged loans can truly embrace ESG
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.
Europe’s unequal gas demand destruction
Europe is already reducing energy demand in response to record high prices. While shortages appear unlikely this winter, next year could be a different story.
Bank in a bind over LDI volatility
The Bank of England appears to be drawing a line in the sand to force sections of the pension system to deleverage faster.
Chart Room: US housing dip may hit sentiment hard
US real estate was at the centre of the financial crash in 2008. The US housing sector is back in focus again as unaffordability returns to peaks from 2005-7
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.
ESG ratings: Seeing the value in divergent views
ESG ratings: Seeing the value in divergent views
Navigating the strong dollar fallout
The dollar's gains are sending ructions through financial markets. We look at where and how the pressures are starting to be felt and what might halt the rise.
Q4 Investment Outlook: Into the unknown
Fidelity International's Q4 Investment Outlook looks at the increasing likelihood of a hard landing.
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.
Analyst Survey: Cost pressures hit a plateau
Input cost inflation is starting to stabilise, according to the latest Fidelity International Analyst Survey, amid signs of demand destruction.
The Fed’s dilemma in three charts
The risk that the Fed will go too far in trying to bring inflation under control is becoming more acute.
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.
Right-wing Italian coalition brings more risks in Europe
Right-wing Italian coalition brings more risks in Europe
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.
Chart Room: As the energy crisis bites, occupiers see value in green buildings
Chart Room: As the energy crisis bites, occupiers see value in green buildings
Why smart grid tech can help meet China’s green growth challenges
Amid slowing economic growth and shifting power consumption patterns, China’s expanding smart grid system could help light the path to net zero.
Dealing with net zero's mining dilemma
Miners' management of their social, political, and environmental risks will be crucial to producing metals the world needs for a net zero transition.
UK macro under stress
The new UK government unveiled the promised "mini budget" last Friday that slashed taxes across the board.
Fed hike: What you're missing from the inflation narrative
Fidelity's Chief Investment Officer for Fixed Income Steve Ellis shares his views on the unexpected consequences of the Federal Reserve's rate hike cycle.
Chart Room: The Fed walks a quantitative tightrope
The quantitative tightening of US financial conditions will inevitably strain parts of the banking system
Fed matches hawkish rhetoric with hawkish action
Fed matches hawkish rhetoric with hawkish action
A new spark in a long-term relationship: insurers in the private markets
A new spark in a long-term relationship: insurers in the private markets
Watch where you step as defaults set to rise
Fidelity’s projected credit spread premium model suggests high yield investors may be taking on more risk than they are being paid for.
Chart Room: China takes own path in a tightening world
China is bucking the trend towards higher interest rates, and the resulting yield divergence has huge implications for bond investors and currency markets.
ECB hawks rule, for now
While guidance remains hawkish on further interest rate hikes into 2023, implementing such a path will be hard in practice.
Chart Room: Interest rates won’t fix the euro’s problems this time
Chart Room: Interest rates won’t fix the euro’s problems this time
Chart Room: What can governments do about Europe’s soaring energy bills?
How might governments in Europe seek to manage soaring energy bills?
Green or bust: The future of real estate
Green or bust: The future of real estate
Chair Powell bares his inflation teeth
Fed Chair Jerome Powell warns against loosening monetary policy early, noting that interest rates will have to keep rising to bring inflation under control.
Inflation Reduction Act: Muted near-term macro impacts but a strong statement on sustainability
US inflation reduction bill will help cut emissions while federal deficit reduction will take time to come through.
ESG ratings are too simplistic
For investors trying to unpack a topic as complicated as sustainability, having a single ESG score for companies isn’t enough.
Chart Room: A tricky market for CLOs prompts innovation
Chart Room: A tricky market for CLOs prompts innovation
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.
The Investor's Guide to China podcast: Engaging with companies in China
To many outsiders, Chinese equity investing might conjure up images of a huge momentum-fuelled market where investors revel in speculation.
Chart Room: The plunge in US consumer sentiment
The soaring cost of living has pushed US consumer sentiment to an all-time low.
Chart Room: Leveraged loan returns bounce back, but for how long?
Chart Room: Leveraged loan returns bounce back, but for how long?
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.
Anatomy of an ESG engagement: Interpump
Fidelity International has been engaging with Italian industrials company, Interpump, for approximately 24 months, achieving meaningful change along the way.
How to be biodiversified
The world is waking up to the threat to biodiversity and natural capital and investors have a crucial role to play in the fight to maintain vital ecosystems.
A dovish hike but Fed may be forced to do more
A dovish hike but Fed may be forced to do more as labour market remains strong
Chart room: Inflation is broader, and stickier
Today’s inflation is different from that of a year ago. Now, inflation is spread across a much wider basket of components.
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.
ECB hikes 50bp but window to hike further is closing
The ECB finally raises interest rates
Chart Room: Global sentiment sinking fast
Fidelity International analysts detect growing signs of recession by year’s end.
Getting ahead of India’s settlement reform
India’s plan to shorten the settlement period for stock trading may create significant upheaval for market participants and investors
Private debt: from dinosaur to dynamic funding model
Private debt: from dinosaur to dynamic funding model
Q3 Asia Investment Outlook: China recovery likely as restrictions ease
Asia stands in a relatively strong position amid a global reset in markets.
China’s property downturn may have found a floor
The government’s will to reform a wayward real estate industry is balanced against the more urgent task of reviving a slowing economy.
The ingredients are there for a wage-price spiral
After the surge in inflation, will wages follow? Our analysts think they will.
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.
Running down coal mines beats selling them for real-world carbon impact
Running down coal mines beats selling them for real-world carbon impact
Chart room: Japan is avoiding the worst of supply-side inflation
Chart room: Japan is avoiding the worst of supply-side inflation
Chart Room: Supercharged commodities spell a regime change for investing
Demand for real assets neglected in the pandemic could be set to surge as the world shifts to a new, sustainable paradigm, but there will also be more pain
Fed delivers on the hint - hard landing risks have risen
The Fed delivered on hint to raise rates by 75bp to bring down inflation. We see increased risks of a hard landing and remain cautious on equities and credit.
ECB: Too much too soon could be a riskier strategy
The European Central Bank lays out its tightening path.
Chart Room: Expectations around rising input costs are starting to moderate
Chart Room: Expectations around rising input costs are starting to moderate
The Investor's Guide to China podcast: Common Prosperity
The phrase "common prosperity" has certainly been getting a lot of air time recently, both domestically in China as well as around the world.
Chart Room: Valuations look more reasonable but there may be more to come
Chart Room: Valuations look more reasonable but there may be more to come
Rich Pickings podcast: 'The rules of the game have changed'
'The rules of the game have changed,' how should investors recalibrate for this new phase in markets?
Big brands need to clean up on plastics
As governments get to work on a global treaty on plastics, we are pressing big brands to deliver real world solutions to one of the planet’s biggest challenges
Rich Pickings podcast: The recession debate - how slow will growth go?
How likely is a recession? Two Fidelity portfolio managers take on different sides of the argument and explain how to position for each view.
Sunflowers and scarcity: The Ukraine war’s impact on private debt
Sunflowers and scarcity: The Ukraine war’s impact on private debt
The last of the doves: BoJ unlikely to change course anytime soon
The last of the doves: BoJ unlikely to change course anytime soon
Private markets and the need for climate unicorns
Private markets and the need for climate unicorns
How blockchain will revolutionise the financial system
Another year, another burst of extreme crypto volatility. But the blockchain technology behind bitcoin and other digital assets continues to grow in importance
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.
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.
Chart Room: As others hike rates, can China’s easing policy remain a cut above?
Cuts to the reserve requirement ratio remain China’s monetary policy weapon of choice. How they are wielded highlights the tightrope policymakers must walk.
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
Private debt does some heavy lifting in Twitter buyout
Elon Musk’s acquisition of Twitter is one of the most talked about leveraged buyouts of the decade, utilising both public and private debt markets.
50, not 75, is the new 25 - Temporary relief or start of a pivot?
While the Fed will likely hike less than market expectations, we expect the hawkish stance to remain for now.
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.
The Investor's Guide to China podcast: Supply Chains
Now over two years into this pandemic and the world is still battling some serious supply chain disruptions.
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.
Chart Room: Three structural factors making for stickier inflation
We don't expect global inflation rates to remain at today's levels, but we see several medium-term factors that should keep upward pressure on inflation.
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
Chart Room: US yield curve could steepen further out
We are sceptical of the economic scenarios implied by the current pricing of the medium and long parts of the US yield curve.
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.
Just the ticket: Fashion consumers want more clarity from retailers on sustainability
What’s in a label? Specialist reaction-time testing suggests clearer signalling on sustainability could play a role in turning the tide on what consumers buy.
Chart Room: Pole position for China’s electric autos
Despite rising materials costs, supply bottlenecks, and cloudy global macro conditions, China’s electric vehicle sector still looks charged for growth.
China as a new safe haven?
Looming stagflation and war effects have global investors searching for havens. China represents a less conventional option with diversification benefits.
Titanium and planes: Ukraine conflict spells new hit for global supply chains
The invasion of Ukraine and lockdowns in Asia signal more disruption for corporate supply chains, just as companies thought they were recovering from Covid-19
CIO podcast: The Asia perspective
Fidelity International's Global CIO Andrew McCaffery discusses his recent trip to Asia and the latest market developments.
No easy answers: Ukraine war raises social and ethical dilemmas for companies and investors
An overview of the sustainability and ethical issues that have arisen as a result of the war and how organisations are trying to navigate them.
Direct lenders take a larger chunk of smaller loan deals
Direct lenders are funding a growing proportion of the European mid-market, with the smallest deals seeing the biggest rise.
Multi-asset view: More damage in the pipeline
The direct impact of the war in Ukraine seems to have been priced in for now, and stock markets had a relatively strong week. However, we are still cautious.
Rich Pickings podcast: Tectonic shifts - mapping the disruption to economies and supply chains
Rich Pickings podcast: Tectonic shifts - mapping the disruption to economies and supply chains
You’re on mute: Shareholder meetings in the post-Covid era
Shareholder meetings have mostly moved online since Covid's outbreak. But a full and permanent switch to virtual formats would spell drawbacks for governance.
Chart Room: Long-term tailwinds still in play for renewables
The current pressure on Europe to break its dependency on Russian gas has strengthened the long-term need for green infrastructure.
Stagflationary dynamics still in the background
As the conflict in Ukraine moves into its fifth week, volatility looks set to continue and the outlook is marred by the threats to growth
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.
The Investor's Guide to China podcast: Debt
With debt continuing to be a very strong focus for investors, it’s important to differentiate between good debt and bad debt.
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.
Fed resurrects Volckerism - but for how long?
The US central bank came out fighting after delivering its first rise in rates this cycle, but it is likely to be constrained by a cocktail of risks to growth
Chart Room: Ukraine war adds to inflation and brings further supply chain woes
As the appalling human cost of the war in Ukraine continues to grow, the knock-on effects for the global economy are also becoming clearer.
High near-term uncertainty keeps us cautious
Lockdowns in China and the risk of recession in Europe are adding to the list of uncertainties facing investors.
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.
ECB faces huge dilemma as Russian invasion of Ukraine unfolds
The ECB’s accelerated reduction in asset purchases came as a surprise. There may be more changes to come.
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."
Chart Room: Russia’s war in Ukraine is making metals more precious at any price
Russia’s invasion of Ukraine is causing severe disruption to European commodity markets, exacerbating low inventories and threatening outright shortages.
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
Energy independence drive could impact renewables adoption
European governments rush to reduce dependency on Russian gas.
Searching for safe havens amid a stagflation shock
High inflation and damaged growth will define the macro outlook for several quarters
CIO podcast: The impact of Russia sanctions
Fidelity International's Global Chief Investment Officer Andrew McCaffery explains the impact of economic sanctions on Russia
Chart Room: Ukraine war cuts rate hike expectations
Rate expectations have dipped downwards in Europe and the US, but we expect the Federal Reserve to stick to its hawkish narrative for now.
Stagflation risks intensify as energy markets take centre stage
Stagflation risks intensify as energy markets take centre stage
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.
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.
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.
Russian and Ukrainian debt comes under pressure
Our base case from a fixed income perspective is now for a more severe and protracted conflict.
Cautious positioning required as Ukraine escalation adds to stagflationary risks
The overnight escalation of the Russia-Ukraine crisis is a worrying development with serious macro and market implications.
The smaller half of China's sky: Fidelity International China Gender Diversity Report
In Fidelity's first report on gender diversity in corporate China, we examine the status quo and offer suggestions on how firms and investors can do better.
Sanctions fallout from Ukraine escalation likely to hit capital not commodities
Sanctions fallout from Ukraine escalation likely to hit capital not commodities
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.
Chart Room: Rising rates aren’t always bad for ‘low vol’ strategies
Rising bond yields don’t automatically mean bad news for low volatility strategies; understanding why requires a closer look at each cycle of rate increases.
Chart Room: Fingers in the punch bowl
Central bankers seeking to deploy rate hikes against inflation risk collateral damage as tighter policy threatens already swollen debt servicing costs.
ECB joins the hawkish bandwagon
Hawkish pivot gives the Governing Council more policy flexibility.
China walks a familiar tightrope as it targets recovery
While most other major economies are moving to tighten, the construction-fueled stimulus that Beijing has sought to avoid is suddenly back on the cards.
Chart Room: Covid recovery tops the list of themes for 2022
Latest survey of Fidelity analysts reveals companies' key concerns for the next 12 months.
Rich Pickings podcast: Central bank watch - planning for policy shifts
We hear from some of Fidelity's keenest central bank watchers about the policy moves they're expecting in 2022.
Fed turns from friend to foe
Pace and extent of tightening cycle depends on the inflation dynamics and the terminal level of real rates the economy and markets can digest.
Chart Room: Home is where the supply shortage is
Supply has never looked tighter in the US housing market. Construction backlogs persist and prices climb as homebuyers appear undeterred by looming rate hikes.
Catch-2022 policy dilemma hits markets
Central bank policy stance and geopolitical risks put pressure on markets.
CIO podcast: Why the Fed won't be so hawkish
Global Chief Investment Officer Andrew McCaffery on the outlook for central banks
Metaverse: Does it meta?
The buzz around the “metaverse” has gone into overdrive. But is it all it’s cracked up to be? And does it ‘meta’ for investors?
Chart Room: Electric carmakers to outstrip ICEs by mid 2020s
The number of electric vehicle manufacturers is expected to overtake the number of companies making cars of the gas-guzzling variety by the mid 2020s.
China cuts rates despite solid GDP report
As China's cycle increasingly diverges from the West, the latest set of policy easing measures speaks to economic headwinds but also signals more stimulus.
Tuning in to private markets
The flood of money into private assets has been one of the most significant investment trends of the past decade.
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.
ESGenius: Boosting board independence in Japan
Regulatory reforms have created new opportunities for active shareholders to engage with Japanese companies on key governance issues like board independence.
Chart Room: 2021’s long goodbye to transitory inflation
Five charts that show the inflationary impact of 2021’s reopening cycle
Hawkish Fed enters 2022 with a catch
Three rate hikes in 2022 could be a challenge.
ESGenius: Greening ‘Made in China’
While domestic consumption of sustainable products remains nascent, China’s exporters are tapping into demand for ‘green’ goods around the world.
Chart Room: Fidelity quant indicator points to risk off
Fidelity’s Risk Aversion Indicator has quickly moved higher over the past few weeks and now recommends taking risk off the table.
Rooting out modern slavery
Fidelity International is encouraging companies to look for modern slavery proactively and disclose what they find.
Chart Room: When it pays to consider low volatility strategies
In the face of a riskier macro environment, strategies designed to minimise volatility may find their time to shine.
Omicron: game-changer or waiting game?
New variant has the potential to be a game-changer for the near-term macro and market outlook.
ESG Outlook 2022: Three key priorities in sustainable investing
ESG Outlook 2022: Three key priorities in sustainable investing
Chart Room: The REIT way to invest as private real estate evolves
The way we use buildings is changing. Publicly traded real estate investment trusts (REITs) show how private property funds may be set to evolve in response.
Disorderly transition remains likely, despite COP pledges
A divergent net-zero trajectory seems to be taking shape, with countries adopting different approaches.
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.
Chart Room: What policies will push companies towards net zero?
The carrot is more effective than the stick, according to a survey of Fidelity International analysts.
Chart Room: Net zero needs decarbonisation solutions
A chasm remains between government plans to cut emissions and the shared goal of net zero by 2050. Nascent decarbonisation solutions may help bridge the gap.
Satellite spies take on palm oil deforestation
Deforestation has been high on the agenda at COP26, with many countries signing up to end the practice by 2030.
Rich Pickings podcast: Practical (and green) investing for the climate transition
"The solutions exist today to get us 80 per cent of the way to net zero," says portfolio manager Cornelia Furse in this latest episode of Rich Pickings.
In the weeds with one of the world’s largest pulp producers
See how Fidelity's engagement with Suzano developed and what's happening on the ground.
Chart Room: A 100-year view of inflation and asset returns
Long run inflation data show equities and bonds both perform better when inflation is falling. But what about today’s world of persistent price rises?
The Fed finds flexibility in QE tapering
The Fed finds flexibility in QE tapering timeline
China Green bonds: sprouting issuance, absent greenium
A key advantage of China’s onshore green bonds that sets them apart from other markets is the lack of price premium over comparable non-green issues.
Green government bonds: the promise and the pitfalls
Green sovereign bonds are on the rise and could improve the green bond market as a whole, but investors should monitor what issuers do with ‘green’ funds.
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.
Chart Room: Net zero puts oil on a rollercoaster ride
The race to decarbonise is constraining investment in long-cycle energy projects.
Carbon pricing is coming but watch out for greenflation
Carbon pricing is an inescapable tool in the race to net zero, according to Fidelity International’s latest Analyst Survey.
How Fidelity plans to get to net zero
Fidelity's climate investing policy and net zero plan.
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.
Chart Room: Digging into China’s GDP growth
A sharp decline in excavator utilisation reflects China’s property-and-infrastructure-induced slowdown, but it also boosts the case for strong policy response.
Chart Room: Fidelity Leading Indicator points to contraction
After a summer slowdown, the latest Fidelity Leading Indicator is forecasting a tougher winter.
The Investor's Guide to China podcast: Regulation
How should investors look at a pick-up in regulatory activity that has affected some of China’s biggest and most dynamic companies?
Chart Room: Is inflation here to stay?
Companies face a mix of transitory and structural inflationary pressures, according to Fidelity International’s latest analyst survey.
Rich Pickings podcast: The uncomfortable trade
A reckoning in China, a debt ceiling in the US, soaring energy prices in Europe: we gather the experts to help make sense of it all.
Chart Room: The kitchen gets hotter for China’s gadget makers
Demographics are weighing on China’s kitchen appliance segment, but competition is heating up at the higher end of the market.
Time to look beyond Evergrande and China’s ‘too big to fail’ era
Property giant China Evergrande’s woes are better understood as a controlled explosion, rather than an unexpected disaster.
‘Lehman moment’ fears are wide of the mark in China Evergrande fallout
Property developer China Evergrande Group’s debt issues have rattled markets, but comparisons to a ‘Lehman Brothers moment’ look overstated and misdirected.
Chart Room: The energy rally could run out of steam
Oil and natural gas prices could start to moderate as the outlook for demand weakens and supply looks set to increase.
Fed signals a fast taper as 2022 becomes the new lift-off battleground
Fed signals a fast taper as 2022 becomes the new lift-off battleground
Chart Room: Fidelity analysts temper expectations for margin growth
Fidelity International’s latest monthly analyst survey suggests that the outlook for margins is moderating from elevated levels.
Fidelity Live: The Analysts - How we get to net zero
Fidelity's research and investment teams on what net zero means for investors and how the utilities sector is managing the transition.
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.
Asia eyes a tantrum-free taper this time
A faster-than-expected tapering by the Federal Reserve remains a risk for Asian bond markets, but investors have been reassured by the latest policy signals.
Chart Room: US restaurants devour record receipts amid rebound
A resurgent desire to eat out has propelled monthly US restaurant sales above pre-pandemic levels. Despite challenges, we see a long runway of recovery ahead.
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.
Fed disconnects timelines for tapering and rate rises
At the annual Jackson Hole Symposium, Federal Reserve chairman Powell confirmed that the test of "substantial further progress" on inflation has now been met.
Chart Room: India eyes a bigger slice of export markets
Rapid income growth means more Indian households are buying their first mod cons, while government policies aim to turn India into a major exporter of them.
Chart Room: A pain in the bottleneck for supply chains
There are tentative signs that substantial supply chain bottlenecks in the US are starting to ease.
Chart Room: Bond markets tempt FAIT amid prospects for a steeper US yield curve
The market sees risks that the Fed will not accommodate a large inflation overshoot, but we think the yield curve may have flattened too far.
Chart Room: Sentiment moderates amid rising costs and slower growth
Fidelity International’s latest monthly analyst survey reveals that the outlook for management sentiment is moderating as costs continue to rise.
Generating excess returns with value investing in bonds
Generating excess returns with value investing in bonds
Rich Pickings podcast: Ready, steady, pitch! Analysts on their most exciting investment trends
"What is fascinating is the speed of innovation," says Portfolio Manager Aditya Khowala in this month's Rich Pickings.
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.
Anne Richards on corporate responsibility and sustainable investing
Fidelity's Chief Executive describes how the pandemic has reshaped the company and why sustainable investing is top of her agenda.
Chart Room: Gimme shelter (from inflation)
Shelter inflation continues to hold the key for forecasting inflation pressure in the US.
Chart Room: The value rally has further to go
Chart Room: The value rally has further to go
How big a threat is the ‘brown discount’?
Reducing emissions in line with the Paris Agreement will require most existing buildings to be retrofitted to protect long-term asset values.
ESGenius: Cows, methane and the climate threat
A number of pioneering methods to avoid or reduce atmospheric methane from livestock are catching the attention of investors focused on sustainability.
ESGenius: Fidelity research finds link between ESG and dividend growth
Our findings suggest that ESG leaders are more likely than ESG laggards to offer attractive levels of long-term dividend growth.
Chart Room: Why stock-bond correlations are turning positive
In the wake of Covid-19, US tech and consumer discretionary firms are leading a departure from the negative correlation between equities and bonds.
Planetary risk: Mapping climate pathways to macro and strategic asset allocation
A paper introducing the main points of consideration for integrating climate change outcomes into capital market assumptions.
Chart Room: Emerging market currencies left behind as commodity prices soar
The close relationship between commodity prices and emerging market currency returns has broken down this year.
The Investor's Guide to China podcast: China in the world
"Xi Jingping completely changed the mould," says Louis-Vincent Gave, CEO and Founder of Gavekal.
Macau rebound a test case for China’s outbound travel
The ‘Las Vegas of the East’ is betting its long-standing travel bubble with mainland China can endure.
Chart Room: What Japan’s digital transformation means for markets
After years as relative laggards, Japanese companies are diving headfirst into DX, or digital transformation, and investors should take notice.
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.
Chart Room: Which sectors are most proactive in the race to net zero?
Companies need to be proactive about decarbonising if they are to survive - and flourish - in a net zero economy.
Chart Room: The crisis and opportunity in recycling single-use plastics
Production of single-use plastics is forecast to continue rising for the next decade-plus, and investment opportunities will depend greatly on recycling.
Policy credibility remains key macro risk following hawkish Fed meeting
Chair Powell says Fed is considering beginning discussions on tapering.
Chart Room: Stronger for longer for China’s renminbi?
Expectations for further renminbi appreciation have risen, but we think short-term gains could be capped from here.
Credit risk at China’s SOEs in focus amid Huarong saga
China’s bond and equity markets have been rattled by concerns that state-owned enterprises could face greater default risk.
Crisis at sea: One year on
Following action by Fidelity International along with other investors and trade bodies, the number of crew stranded at sea has halved since September 2020.
Chart Room: Fidelity analysts expect inflationary pressures to keep rising for now
Inflationary pressures are picking up, according to Fidelity International’s latest monthly analyst survey.
Apples and oranges: How to compare the carbon footprints of multi asset portfolios
Comparing the carbon footprints of multi asset portfolios
How Real Estate helps navigate the income challenge in a rapidly changing world
We are seeing significant structural changes in the way occupiers use their buildings and these changes are happening at pace.
Chart Room: China’s EV industry is charged for growth
The combination of falling battery costs and rising adoption rates means China's EV industry is charged for growth.
Chart Room: An uneven supercycle for commodities?
Most commodity prices have been strong this year, spurring talk of a potential supercycle. But the returns could be more dispersed from here.
Chart Room: Rapid reopening drives inflation higher
US headline consumer prices have risen at the fastest pace in 13 years due to positive base effects, rising energy prices and the reopening of the economy.
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.
Central banks need to take action now on climate change
Central banks need to take action now on climate change
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.
ESGenius: Biden’s ambitious climate plans could transform the US bond market
US ambitions to decarbonise the world’s largest economy could generate opportunities for bond investors.
Chart Room: China has fewer reasons to be hawkish
China's short-end rates remain low despite earlier expectations for monetary tightening.
Why India’s ‘fallen angel’ risk is rising
India’s ballooning debt levels amid a structural growth slowdown have raised the risks of an imminent downgrade by credit ratings agencies.
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.
The Investor's Guide to China podcast: Trade and growth
"Despite geopolitical friction capital flows to China look set not just to persist but to accelerate," says CIO for Asia Pacific, Paras Anand.
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.
March's Rich Pickings podcast: The Testing of The Fed and other tales of central bank credibility
"Maintaining the debt is an important part of central banks' objectives even if they don't openly talk about it," says head of global macro Salman Ahmed.
Chart Room: Energy and industrials sectors to bounce back in 2021
Revenue growth this year could be strongest in the sectors worst affected by Covid-19, according to Fidelity International’s latest monthly analyst survey.
Investors should tread carefully around warehouses
Investor interest in logistics property has jumped but the surge in demand has left some parts of the market looking mispriced.
Chart Room: Retail investors pile into the fastest growing stocks
Retail investors' market participation is extreme not only in volume, but also concentration.
Chart Room: A Goldilocks spot for inflation-linked bonds
We see a sweet spot in inflation-linked bonds with maturities ranging from 1 year to 10 years.
Fed acknowledges change in reaction function
Fed reiterates guidance and maintains asset purchase programme, despite a significant upgrade to growth and inflation projections.
Flows vs friction
Growth opportunities in post-pandemic Asia are set to propel a long-term boom in equity capital markets, as the region draws in ever greater inflows.
Japanese companies are more sustainable than many believe
ESG is growing in importance for Japanese firms.
Chart Room: Corporate ESG focus reverts to pre-Covid priorities
An economic rebound could bring with it a reversion to pre-pandemic priorities in environmental, social and governance (ESG) factors.
Fidelity Live: The Analysts on ESG and the financial sector (webcast replay)
What asset managers can do to guide the financial sector in the right direction when it comes to sustainability.
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.
Sustainability is key for value creation
How should we quantify the valuation impact of sustainable investing?
Rich Pickings: The Analyst Survey episode
The results are in for Fidelity's annual Analyst Survey. We pick apart the key findings to discover what our sector experts expect for the year ahead.
Analyst Survey 2021: Counting down the days
Confidence is high despite the threat of new variants; ESG emphasis rises again.
Four real estate trends to watch as economies reopen
After a tumultuous 2020, we believe there are four main themes that will determine real estate trends for this year and the decade to come.
Market questions central bank credibility
Markets are testing central banks’ resolve to keep rates low.
Chart Room: Staying afloat amid a rising tide of debt
Central banks have been playing a key role in keeping higher debt loads affordable.
Chart Room: Keep an eye on housing rents when tracking inflation
Some key considerations make us more constructive on US rents for the year ahead, particularly soaring home purchase prices.
Policing the platforms: Why social media needs independent guidelines
Social media firms must create rules for content and independent oversight boards or they could face threats to their long-term viability.
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.
What’s ahead for China’s markets in the Year of the Ox
Investors keen to see whether China’s bull market can keep charging ahead in the lunar Year of the Ox will be focused on recovery and monetary policy.
Fidelity's three sustainable investing themes for 2021
Fidelity sees three major sustainable investment trends taking shape in 2021.
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.
China, the West and the rest: how vaccine rollouts are progressing
With little fanfare, China is firing on all cylinders to vaccinate tens of millions of people, even as domestic spread of the virus appears mild.
January's Rich Pickings podcast: The big vaccine rollout episode
"China's rebound is like watching a movie," says Portfolio Manager Amit Lodha in January's Rich Pickings.
Chart Room: After the Gold Rush
Is it time to take profits in gold?
ESGenius: Slashing emissions will fuel green growth for decades
Existing climate technologies can benefit from the huge investment required to decarbonise at pace.
January FLI update: Fiscal good news offsets near-term softening
The FLI Cycle Tracker remains in the ‘top-right’ quadrant with growth above trend and improving, albeit momentum has softened for a second month.
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.
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.
ESGenius: Democratic sweep could transform ESG regulation in the US
New political leadership could reverse US rules on sustainable investing.
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.
Reflationary thesis strengthens as Democrats win slim Senate majority
Reflationary thesis strengthens as Democrats win slim Senate majority
Brexit agreement: A respite from uncertainty
What investors are looking at after UK exits the European Union
New survey finds silver linings to China’s pension challenges
As China faces the formidable task of building a private pension industry from scratch, it can count on the blessing of residents’ financial wellness.
Chart Room: China government bond yields catch their breath
Chart Room: China government bond yields catch their breath
Three sustainable investing themes for 2021
Climate change combined with nature loss, employee welfare and digital ethics are core engagement themes for 2021.
Fidelity International on Asset TV's ESG masterclass
Portfolio Manager Dhananjay Phadnis joins peers from Nuveen and Redington in this ESG masterclass.
Fidelity Live: CIO Outlook 2021 - replay
Our CIOs share their outlook for the year ahead.
Offices are not dead, but they will need to evolve
Despite the surge in working from home in 2020, offices will remain vital for many types of business. But they will need to evolve.
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.
Unlocking India’s structural opportunities: 10 charts
Reforms and new infrastructure paving the way for manufacturing investment and employment will be key to unlocking India’s next stage of development.
China stewardship podcast: Witness an evolution
Hear what exclusive research on shareholder action in China says about the changing face of Chinese companies and their investors.
Chart Room: Deploying the fiscal firehose
Chart Room: Deploying the fiscal firehose
Building solid foundations: Fidelity International China Stewardship Report 2020
Fidelity International's inaugural China Stewardship Report shows steady progress in investment stewardship and implementing ESG at domestic A-share companies.
The Investor's Guide to China podcast: Belt and Road
What China's flagship economic initiative can tell investors about the country and where it goes next.
November's Rich Pickings: Outlook 2021
Fidelity's chief investment officers discuss the paths they're taking in the year ahead.
Real estate in 2021: Unique challenges will accelerate structural trends
Offices will continue to be in demand post-Covid, but their usage will evolve.
Real estate in 2021: Unique challenges will accelerate structural trends
Offices will continue to be in demand post-Covid, but their usage will evolve.
Chart Room: Oil vs gold - two sides of the reopening trade
Chart Room: Oil vs gold - two sides of the reopening trade
Fidelity Analyst Survey: Company debt may have peaked already
While most analysts expect debt levels at their companies to stay the same or fall next year, it is becoming a greater factor in management decision making.
China bond defaults signal a coming of age as state safety net shrinks
Bond defaults by state-owned enterprises have rattled China’s onshore credit markets. We see this as an important if painful step in curtailing moral hazard.
Chart Room: Asia’s export engine supercharged by new trade deal
Chart Room: Asia’s export engine supercharged by new trade deal
European high yield: The curious case of the defaults that didn’t happen
At the height of the March crash, defaults looked set to soar. The reality turned out to be very different.
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?
China takes aim at trash
A massive nationwide effort is underway to improve China's waste management systems.
Fidelity Leading Indicator extends strong momentum of recovery
FLI-implied activity appears to be heading to levels only slightly below the pre-COVID peak, despite pockets of impact from renewed mobility restrictions.
US Elections: As the dust settles
Beyond the elections, the longer-term focus is on the US domestic economy, regionalisation of global trade, and the resilience of emerging and Asian markets.
Chart Room: Some sectors may be set for a margin squeeze
The latest reading from our monthly analyst survey shows which companies are struggling with inflationary pressure but also weaker pricing power.
US election outcomes: Implications for growth and policy
US election Outcomes: Implications for growth and policy
Putting sustainability to the test: ESG outperformance amid volatility
Resarch that puts sustainable investing to the test: ESG outperformance amid volatility
Growth targets take a backseat in China’s new economic plan
Domestic consumption and technology growth will be prioritised as the government reveals overarching guidelines for the country’s 14th five-year plan.
ECB signals further stimulus as double dip recession chances spike
Despite taking no action at the October meeting, the European Central Bank (ECB) laid the groundwork for further easing at its next meeting in December.
Chart Room: Correlations boil and bubble 🎃 and may spell toil and trouble 🦇
In this follow-up special Halloween edition of Chart Room, we look at how correlations are casting a spell over markets.
US elections podcast: The very different fiscal scenarios
Fidelity's Global Head of Macro Salman Ahmed on why the US is on the verge of an economic paradigm shift.
The hidden dragon of 2020
As global investors scramble to digest paradigm shifts, another change of seismic scale has gone under-noticed in a year full of twists and turns.
Fidelity Analyst Survey: Sentiment improves again but could be nearing plateau
October’s survey of Fidelity International’s analysts reveals that sentiment and leading indicators are once again incrementally better than last month.
ESGenius: Strong sustainability credentials can signal resilience
Covid-19 has shown how a focus on sustainability can help companies act fast when an unexpected crisis hits, and make them more resilient to new threats.
Chart Room: Government debt climbs to spooky heights
In this special Halloween edition Chart Room (part 1 of 2), we look at the frightening levels of government debt around the world.
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.
Fidelity live: Analysts' ESG webcast (replay)
In this webcast our Head of Global Research together with our analysts share a unique view of the world from the bottom up.
ESGenius: Insurance companies neglect sustainability at their peril
Fidelity research shows disparity in how sustainability is viewed across insurance sector.
Mapping US election tail risks: a framework-based approach
Mapping US election tail risks: a framework-based approach
Chart Room: Why growth still has room to grow in China equities
The valuation premium for China growth stocks versus value stocks hit a new all-time high, lifted by the consumer, tech and healthcare sectors.
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.
Fidelity Leading Indicator shows record short-term growth momentum
All sectors are exhibiting significant strength, as policymakers seek to bridge economies to the hoped-for 2021 vaccine rollout.
Chart room: European cyclicals vulnerable if manufacturing data moderates
Any moderation in the growth of new manufacturing orders could make cyclicals vulnerable to a de-rating.
The inflation puzzle and how to tackle it
Will inflation return despite dis-inflationary forces?
Fidelity International on Asset TV's ESG Masterclass
Jenn-Hui Tan features on this ESG masterclass panel, discussing everything from process and data to returns and China’s sustainable response to Covid.
Swinging 60s inflation pattern due a comeback
The years between 1964-75, a time of fiscal expansion and low rates, shows why inflation might come back faster than some think.
Bike sheds and powerplants: Corporate governance in an uncertain world
For a board attempting to govern a company in this uncertain world, breaking Parkinson's Law of Triviality has never been so crucial.
September's Rich Pickings podcast: Allocating for recovery
"The market is underestimating inflation. Reduce duration and look for income," says Chief Investment Officer Steve Ellis, in this month's Rich Pickings.
Japan: Suganomics > Abenomics?
Japan: Suganomics > Abenomics?