Fidelity Answers: The Investment Podcast
123 episodes - English - Latest episode: about 1 month ago - ★★★★★ - 7 ratingsFidelity Answers is a podcast channel from Fidelity International's editorial team. From tech cycles to The End of the Cycle, from downside protection to the upside of ESG, we bring you in depth conversations and the latest ideas from our analysts, portfolio managers and investment directors to explore the latest investment thinking.
As well as topical standalone episodes you'll find our series 'The Investor's Guide to China' where we put the economic powerhouse under the microscope with on-the-ground experts; and 'Fundamentals', a series where the analysts discuss the implications of their latest research, from 5G technology to the plight of the Orangutan.
***If you enjoy Fidelity Answers then whey not listen to our other show, 'Rich Pickings: Fidelity's Asset Allocation Podcast', where each month we dive into the latest market trends with Fidelity's asset allocation group, asking them how they're positioned and why. What will the portfolio managers reveal about their investment strategies? What are the team's hot cakes this month? And what would they drop like a hot potato?
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Episodes
The Investor's Guide to China: Cities and migration (#28)
March 08, 2024 05:45 - 33 minutes - 30.6 MBWhere people live within China - and why - is fundamental to understanding the country’s changing demographics. That, in turn, has important implications for the Chinese economy, consumption trends, and where investors should be looking. In this episode, Catherine Yeung, Investment Director, and Marty Dropkin, Head of Equities, Asia Pacific, take you across China through the lens of Fidelity International’s Asia Economist, Peiqian Liu, and Jarlon Tsang, Managing Partner and Head of China at...
Rich Pickings: Asia and Latin America are reshaping the world for investors
February 19, 2024 11:17 - 39 minutes - 36.4 MBAsia and emerging markets are our focus this month. Richard Edgar is joined by Fixed Income Portfolio Manager Paul Greer, Asia Economist Peiqian Liu, and Senior Sovereign Analyst Andressa Tezine to discuss whether they're being overlooked by investors. And, as interest rates pivot and pirouette around the world, where income seekers can find harbour. With additional contributions from Fidelity's Global Macro Economist Anna Stupnytska. You can read more analysis from Peiqian Liu here, and ...
The Investor's Guide to China: China's bond market (#27)
February 07, 2024 10:19 - 29 minutes - 27.5 MBIn this episode, Catherine Yeung, Investment Director, and Marty Dropkin, Head of Equities, Asia Pacific, tackle a topic that often flies under the radar, but could in fact hold great potential for investors: China’s bond market. Investors focused on the stock market, and the challenges Chinese property developers are facing, have often overlooked China’s bonds, which have boasted some of the best returns over the past few years. Hong Kong-based Head of Asian Fixed Income, Lei Zhu, and Fix...
Rich Pickings: Ready for a reset | Analyst Survey 2024
January 29, 2024 16:01 - 37 minutes - 34.8 MBHow confident are CEOs as they lean in to 2024? Is inflation still a major worry for businesses or has it been banished? How concerned are company managers about shifting geopolitics? For well over a decade we’ve been asking our worldwide network of sector analysts these questions (and about 80 more) - to get a unique bottom-up picture of the companies they cover. Their conclusions form Fidelity International's annual Analyst Survey. This month, Fiona O'Neill, Head of Global Cross-Asset Re...
Rich Pickings: What the lessons of 2023 can teach investors for the year ahead
December 21, 2023 11:09 - 39 minutes - 36.6 MBFrom artificial intelligence to US resilience, Richard Edgar discusses the big themes of 2023 with a panel of multi asset portfolio managers: Taosha Wang, Ian Samson and Talib Sheikh. What can the investment stories of the year teach us about the year ahead? With additional contributions from Lee Sotos and Patrick Graham. See omnystudio.com/listener for privacy information.
The Investor's Guide to China: Transition materials (#26)
December 19, 2023 05:00 - 24 minutes - 22.7 MBIn this episode, Catherine Yeung, Investment Director, and Marty Dropkin, Head of Equities, Asia Pacific, explore the critical role of transition materials — minerals and elements, such as lithium, cobalt, and nickel, that are essential to developing and deploying clean energy technologies. Demand for these materials around the world continues to grow so securing a reliable supply of them is a priority for countries trying to get to net zero. China has many of them in abundance and it domin...
Rich Pickings: Outlook 2024 - Four ways forward
November 20, 2023 12:21 - 55 minutes - 50.5 MBRichard Edgar is joined by Steve Ellis, Global CIO for Fixed Income, Marty Dropkin, Head of Equities for Asia Pacific, and Global Macro Economist, Anna Stupnytska, to discuss the four scenarios Fidelity's investment teams are watching for 2024. With additional contributions from Fidelity's Chief Sustainability Officer Jenn-Hui Tan, Head of European Real Estate, Neil Cable, and Head of Private Credit Strategies, Michael Curtis. You can read Fidelity's 2024 Outlook in full here. Do you h...
The Investor's Guide to China: In conversation with Louis-Vincent Gave (#25)
October 25, 2023 09:44 - 30 minutes - 28.1 MBIn this special edition of The Investor’s Guide to China, Catherine Yeung, Investment Director, is joined in Hong Kong by Louis-Vincent Gave, the founder and CEO of Gavekal, a leading independent provider of global investment research. They tackle questions from the development of China’s AI landscape and what it means for the country’s youth unemployment, to what the stellar performance of the Chinese bond market means for the country, and the internationalisation of the renminbi. With an...
Rich Pickings: Higher rates - is the transmission mechanism broken... or just delayed
October 19, 2023 11:04 - 35 minutes - 32.1 MBRichard Edgar is joined by Steve Ellis, Chief Investment Officer for Fixed Income, Gita Bal, Global Head of Fixed Income Research, and Salman Ahmed, Fidelity’s Global Head of Macro and Strategic Asset Allocation, to discuss whether the levers central banks have to pull are working. With additional contributions from Multi Asset Portfolio Manager Caroline Shaw. See omnystudio.com/listener for privacy information.
The Investor's Guide to China: Japanification (#24)
October 10, 2023 23:48 - 42 minutes - 38.5 MBWhen you look at some of the big economic issues China is dealing with today—lacklustre growth, a real estate slump, price disinflation, or an ageing population—you quickly realise Japan has been through a lot of the same challenges. What can we learn from Japan’s experiences? Is there a policy playbook there for how to respond to similar economic pressures for China, or indeed, any other country confronting these challenges? In October’s episode, Catherine Yeung, Investment Director, and ...
Rich Pickings: Challenging the narrative on recession, inflation and rates
July 27, 2023 13:29 - 40 minutes - 37.2 MBThis month's guests challenge the consensus on recession risk and sticky inflation - and where central banks are getting it wrong. Richard Edgar is joined by Fixed Income CIO Steve Ellis, Global Macro Economist Anna Stupnytska, and Portfolio Manager Rosanna Burcheri. And Nina Flitman takes a look at what the destocking trend in the chemicals sector could tell us about wider market stress with three analysts who cover the industry from different asset class perspectives. You can read more on...
The Investor's Guide to China: De-dollarisation (#23)
July 18, 2023 02:59 - 34 minutes - 32 MBWhen it comes to currencies, it often feels like it's all about the US dollar. Although the greenback has dominated international trade and finance for decades, some subtle shifts have started playing out among the currencies of major economies. Rising geopolitical tensions and the changing structure of global trade are prompting some countries to rethink and scale back their reliance on the dollar, a process now referred to as ‘de-dollarisation’. At the same time, China has been pushing to...
The Investor's Guide to China: China Consumer (#22)
June 20, 2023 04:00 - 37 minutes - 34.7 MBChina’s economic rebound hasn’t been as strong as many anticipated. But then, it’s not that surprising, as no one was expecting any major stimulus like in previous cycles, such as the global financial crisis. However, the Chinese consumer was really the one that was expected to underpin and power this recovery. At the beginning of June, Fidelity’s global investment team embarked on a research trip to Shanghai and Hefei in eastern Anhui province where they met with dozens of companies. To g...
Private Credit: What role could it play in traditional portfolios?
June 19, 2023 16:42 - 29 minutes - 26.9 MBWith the shifting fortunes of economies, what role could Private Credit play in traditional portfolios? Richard Edgar is joined by Fidelity’s Head of Private Credit Strategies, Michael Curtis, and Portfolio Managers Camille McLeod-Salmon and Marc Preiser to discuss what investors can expect from the market in future. With additional contributions from Oliver Newman and Nina Flitman. You can read more of our private markets coverage here. See omnystudio.com/listener for privacy information.
Bioacoustics: Bonus interview with Dr Doug Gurr
May 18, 2023 14:16 - 15 minutes - 14.2 MBDr Doug Gurr, Director of London's Natural History Museum, joins Richard Edgar to discuss the urgency of tackling biodiversity loss and what the financial community can do to help. See omnystudio.com/listener for privacy information.
Bioacoustics: Could sound solve biodiversity's data deficit?
May 18, 2023 11:20 - 22 minutes - 20.4 MBHow do you measure biodiversity? From the forests of Borneo, with the help of a pioneering team of scientists, Fidelity have followed a project to explore if sound recordings - layered with artificial intelligence - could help to solve biodiversity's data issue. Analyst Minlin Lee travelled to Indonesia to see, and hear, the data gathering in action, while Charlotte Apps followed the analysis in the south of France. Back in the studio, Richard Edgar is joined by Fidelity International's Glo...
The Investor’s Guide to China: Decarbonising China (#21)
May 16, 2023 05:13 - 32 minutes - 30 MB2021 was a big year for the global fight against climate change. China's president, Xi Jinping, again pledged that China would hit peak emissions by 2030 and be net zero by 2060. Then at COP26 in Glasgow, over 100 countries pledged to cut greenhouse gas emissions and eliminate deforestation. But that appeared to come to a screeching halt when the world was hit by the triple blow of Omicron spreading globally, the war in Ukraine breaking out, and the Fed starting to hike interest rates. For ...
Rich Pickings podcast: Preparing portfolios for climate risks
May 02, 2023 13:23 - 45 minutes - 41.6 MBWhat impact will climate change have on portfolios? Should investors ready themselves for a disorderly transition to net zero? And what if it all gets sorted out - what are the investment implications for a greener, decarbonised future? Richard Edgar is joined by Global Macro Economist Anna Stupnytska and Portfolio Managers Kris Atkinson and Caroline Shaw to discuss how investors can rise to the challenge. With additional contributions from Fidelity's Global Head of Investment Research Ned...
The Investor’s Guide to China: Tech Hardware and the ‘Chip War’ (#20)
March 22, 2023 01:15 - 34 minutes - 31.3 MBChip shortages at the start of the Covid pandemic threw semiconductors into the limelight. More recently, chips have been the focus of trade tensions between China and the US. Now, as China reopens and supply chains adjust, how will the ‘Chip War’ affect the future of the global tech hardware industry, and ultimately the prices of thousands of types of consumer goods? In this episode, Catherine Yeung, Investment Director, and Marty Dropkin, Head of Equities, Asia Pacific, are joined by Ter...
Rich Pickings: Looking for cracks in the system after SVB
March 17, 2023 09:20 - 35 minutes - 32.7 MBAfter the collapse of Silicon Valley Bank, Richard Edgar is joined by Steve Ellis, Global CIO for Fixed Income, Anna Stupnytska, Global Macro Economist, and Gita Bal, Global Head of Fixed Income Research, to discuss the fallout and whether it could be enough to force a rethink at the Federal Reserve. Asia Economist Peiqian Liu also joins Richard to discuss what China's recovery looks like on the ground. You can read more analysis on SVB and the fallout on your local Fidelity website or he...
Trade Offs | Bunge: The Analysis
February 21, 2023 11:28 - 40 minutes - 37 MBBunge is one of the world's biggest agriculture commodity businesses. Linking farmers with customers is a complex job. But doing it sustainably? Bunge's CEO Greg Heckman explains how he's approaching that challenge, and the the choices he's faced as chief executive, in his interview with Ned Salter, Global Head of Investment Research. Hear about the investment implications of that interview in this episode, recorded in November 2022, where Ned is joined by Senior Industry Analyst James Rich...
Trade Offs | Bunge: The Interview
February 21, 2023 11:28 - 30 minutes - 27.7 MBFrom farmers to customers, agriculture commodities powerhouse Bunge works with thousands of stakeholders along vast value chains. Its scale means influence - so how is it responding to calls for greater sustainability in the crops it distributes? How is it managing the cost of increased ESG oversight? In this final episode of the series, recorded in October 2022, Ned Salter, Global Head of Investment Research, talks to Bunge Chief Executive Greg Heckman about the choices and trade offs he's...
Trade Offs | Serco: The Interview
February 14, 2023 12:27 - 30 minutes - 28.3 MBKeeping profits, social responsibility, and public relations on an even keel is no mean feat when you're a government contractor. UK services company Serco employs tens of thousands across the world in areas as diverse as defence, justice, and healthcare. Rupert Soames joined Serco as chief executive in 2014 and completed his tenure at the end of 2022. In this straight-talking interview, Fidelity International's Global Head of Investment Research Ned Salter hears about his ESG lessons and ...
Trade Offs | Serco: The Analysis
February 14, 2023 12:27 - 41 minutes - 37.9 MBManaging and looking after people is core to a government services company like Serco. And the risk management that goes with such work demands a very different approach. In this episode of Trade Offs Fidelity's investment team use highlights from the interview with Serco's former Chief Executive Rupert Soames to illustrate how investors should be considering the 'S' of ESG and why its importance is only set to rise. Ned Salter, Global Head of Investment Research, is joined by Equity Rese...
Rich Pickings: Light at the end of the tunnel | Analyst Survey 2023
February 13, 2023 11:42 - 36 minutes - 33.6 MBJust how confident do CEOs feel about the year ahead? Do they really expect earnings to grow? Is reaching net zero still a priority? For answers to these questions (and many more), we’ve asked 152 of Fidelity International’s investment analysts for their views – and brought it all together into the annual Analyst Survey. Fiona O'Neill, Head of Strategic Initiatives for Global Investment Research, and Gita Bal, Global Head of Fixed Income Research, join Richard Edgar to dig through the resu...
The Investor's Guide to China: China's reopening and supply chains (#19)
February 13, 2023 02:56 - 29 minutes - 27.4 MBAfter three years, China has dropped its zero-Covid policy, and 2023 has brought a sharp rebound in activity. Road traffic, hotel bookings and many other indicators are approaching or even exceeding their 2019 levels. It's clearly good news for the economy but what does China’s reopening mean for regional and global supply chains? In the short term, Covid infections have been disrupting manufacturing as well as logistics networks but there are also some longer-term forces at play. The world...
Trade Offs | Baker Hughes: The Interview
February 07, 2023 12:20 - 31 minutes - 29.1 MBLorenzo Simonellis is chief executive of one of the world's biggest oilfield services and energy technology companies, Baker Hughes. It supports traditional exploration and extraction while also developing the latest energy equipment. As such, it stands in both the 'old' and 'new' spheres of the energy sector. Mr Simonelli talks to Fidelity International's Global Head of Investment Research Ned Salter about the pros and cons of natural gas at a time of political upheaval and the trade offs ...
Trade Offs | Baker Hughes: The Analysis
February 07, 2023 12:20 - 44 minutes - 40.9 MBWhat can investors learn from the trade offs an energy CEO is facing and the choices he's making? Fidelity's experts go over the highlights from the interview with Baker Hughes Chief Executive Lorenzo Simonelli, providing context and investment implications. Ned Salter, Global Head of Investment Research, is joined by Analyst and Portfolio Manager Paul Gooden and Portfolio Manager Rosanna Burcheri. Listen to the full interview with Lorenzo Simonelli here. Watch video clips and read bonus ...
Trade Offs | Bayer: The Interview
January 31, 2023 13:32 - 39 minutes - 35.8 MBFeeding 8 billion people with limited arable land is one of the modern world's most pressing headaches. Add to that a growing concern over the impact intensified farming practices can have on local ecosystems and biodiversity and you get a sense of the challenges facing a company like Bayer. Founded in the mid-19th century, Bayer is one of Germany's oldest companies. Originally a pure pharmaceuticals manufacturer it diversified into crop science with the purchase of the agribusiness Monsant...
Trade Offs | Bayer: The Analysis
January 31, 2023 13:31 - 33 minutes - 30.6 MBIn this episode Fidelity's investment team take a closer look at some of the highlights from the interview with Bayer's chief executive Werner Baumann. Ned Salter, Global Head of Investment Research, is joined by Equity Research Analyst Panpan Xiao and Portfolio Manager Dmitry Solomakhin. Listen to the whole interview here. Watch video clips and read bonus material here. See omnystudio.com/listener for privacy information.
Trade Offs | Bank of America: The Interview
January 24, 2023 07:56 - 34 minutes - 31.6 MBAs chief executive of one of the world's largest financial institutions for more than a decade Brian Moynihan has led Bank of America through some tumultuous times. The shift from shareholder to stakeholder capitalism - accelerated by the Great Financial Crisis, heightening environmental challenges, and a global pandemic - has demanded careful stewardship, and all against a backdrop of increasing political upheaval. He talks to Fidelity International's Global Head of Investment Research Ne...
Trade Offs | Bank of America: The Analysis
January 24, 2023 07:56 - 40 minutes - 36.9 MBIn this episode Fidelity's investment team take a closer look at some of the highlights from the interview with Bank of America's chief executive Brian Moynihan. Ned Salter, Global Head of Investment Research, is joined by Senior Cross Asset Financials Analyst Lee Sotos and Portfolio Manager Rosanna Burcheri. Listen to the whole interview here. Watch video clips and read bonus material here. See omnystudio.com/listener for privacy information.
From Davos: Fidelity's CEO on Ukraine, central banks, and management sentiment
January 23, 2023 09:27 - 8 minutes - 7.55 MBAs the World Economic Forum in Davos comes to a close, Fidelity's Richard Edgar talks to Chief Executive Anne Richards about her takeaways from the week including the international approach to Ukraine, central bank messaging, and why business leaders are allowing themselves a (tentative) sigh of relief. See omnystudio.com/listener for privacy information.
Trailer: Trade Offs
January 19, 2023 15:44 - 2 minutes - 2.29 MBTune in for a new series that gets under the bonnet of business and sustainability. From finance to energy to agriculture, how do business leaders balance the needs of all stakeholders and what are the trade offs they have to make in the process? Ned Salter, Global Head of Investment Research at Fidelity International, interviews chief executives in critical sectors about the difficult decisions they face when it comes to ESG. Episode One with Bank of America's Brian Moynihan coming soon ...
Rich Pickings: Your questions answered!
December 23, 2022 10:38 - 20 minutes - 18.9 MBFor our festive special Richard Edgar is joined by Head of Equities for Asia Pacific Marty Dropkin, Portfolio Manager Aditya Khowala, and Global Macro Economist Anna Stupnytska to answer your questions. If you’ve been inspired to send in a question, our inbox is still open! You can send your questions to [email protected], and we’ll pick the best ones to put to our investment team in the new year. Looking forward to hearing from you. You can hear more from Marty Dropkin in the latest Inve...
The Investor's Guide to China: China's Onshore Markets (#18)
December 12, 2022 05:51 - 31 minutes - 28.6 MBChina'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, and how the PBOC, or the Chinese central bank, is manoeuvring how they ease monetary and fiscal policy as most other global banks move in a more hawkish direction. But despite all that, the opening up of China's onshore financial markets has been kicking into high gear throughout this same period. In fact, we've seen a drumbeat of anno...
Rich Pickings: Outlook 2023 - navigating the polycrisis
December 08, 2022 14:56 - 33 minutes - 30.6 MBAfter a year of volatility and uncertainty, how should investors navigate the year ahead? Richard Edgar is joined by Steve Ellis, Global Chief Investment Officer for Fixed Income, Ilga Haubelt, Head of Equities for Europe, and Victoria Mio, Head of Equity Research for Asia Pacific, to discuss the key themes and risks they'll be watching for in 2023. With additional contributions from Salman Ahmed, Global Head of Macro and Strategic Asset Allocation, and Michael Curtis, Head of Private Credi...
The Investor's Guide to China: China's Next Phase (#17)
November 09, 2022 00:18 - 34 minutes - 31.4 MBChinese equities markets have been volatile in the wake of last month’s Communist Party Congress in Beijing, where the country's leadership line up for the next five years was revealed. Investors have been looking for signs or signals in terms of what's going to happen as we enter a new phase of the Chinese growth story under President Xi Jinping's leadership. Against an evolving backdrop of signature policies like common prosperity and dual circulation, China is seeing weak external demand...
The Investor's Guide to China: Private Markets (#16)
September 29, 2022 12:31 - 34 minutes - 31.6 MBSo much of the investment conversation is dominated by companies that have already gone public. But it's not always just about listed companies. Investors in private assets, particularly in equities, for many years have considered Asia and especially China as one of the most exciting markets anywhere. And while there have been challenges and setbacks along the way, the private asset space in Asia and China continues to develop at a really impressive pace. In this episode, Catherine Yeung,...
Fed hike: What you're missing from the inflation narrative
September 23, 2022 16:36 - 15 minutes - 14.3 MBFidelity's Chief Investment Officer for Fixed Income Steve Ellis talks to Richard Edgar about the unexpected consequences of the Fed's rate hike cycle and where investors should be looking for protection. Read more from Steve at fidelityinternational.com or your local Fidelity website. See omnystudio.com/listener for privacy information.
Tell us what you think about Fidelity Answers
September 07, 2022 14:51 - 1 minute - 1.11 MBHelp us make podcasts that give you, our listeners, what you want. Take this short survey and we'll enter you in to a prize draw for £250 of Amazon vouchers or the equivalent donation to a charity of your choice. Entries close this Saturday, September 10th. Go on, click on the link - we really want to hear what you have to say. fidelityinternational.com/survey See omnystudio.com/listener for privacy information.
The Investor's Guide to China: Engaging with companies in China (#15)
August 11, 2022 09:00 - 46 minutes - 42.9 MBTo many outsiders, Chinese equity investing might conjure up images of a huge momentum-fuelled market where investors revel in speculation and sustainability is an alien concept. But developments on the ground in China show how stereotypes like this are swiftly becoming outdated. The country's markets have been changing shape over the last decade as institutional influence expands in the onshore market and foreign investors increase their exposure. A growing awareness of ESG has followed cl...
Rich Pickings: Where next for consumers and a download from Silicon Valley
August 08, 2022 14:27 - 35 minutes - 32.4 MBFresh from meeting industry leaders in Silicon Valley, Portfolio Manager Hyun Ho Sohn and analyst Jonathan Tseng join Richard Edgar to share their thoughts on how the tech sector will fare in a high-inflation environment. Global macro economist Anna Stupnytska puts it all in perspective and we join Portfolio Manager Aneta Wynimko on a West End shopping trip to see the world from the consumer’s point of view. With additional contributions from Global Chief Investment Officer Andrew McCaffery...
Help shape Fidelity Answers
July 14, 2022 15:11 - 1 minute - 1.6 MBHelp us make podcasts that give you, our listeners, what you want. Take this short survey and we'll enter you in to a prize draw for £250 of Amazon vouchers or the equivalent donation to a charity of your choice. Entries close September 10th. Go on, click on the link - we really want to hear what you have to say. fidelityinternational.com/survey See omnystudio.com/listener for privacy information.
Rich Pickings: Turning the tanker - how engagement on sustainability is changing companies from within
July 04, 2022 10:24 - 34 minutes - 31.9 MBWhat do companies really think of sustainability? What are they doing to improve their ESG credentials? These are some of the many questions 161 of Fidelity International's investment analysts around the globe have been asked as part the annual ESG Analyst Survey. And with 15,000 meetings with management teams a year under their belts their insights are invaluable for any asset allocator. To dig through the findings Richard Edgar is joined by Global Head of Research for Fixed Income Gita Ba...
The Investor's Guide to China: Common Prosperity (#14)
June 07, 2022 09:22 - 33 minutes - 30.9 MBThe phrase "common prosperity" has certainly been getting a lot of air time recently, both domestically in China as well as around the world. Investors have come to know this campaign through a series of tighter regulations across a number of industries within China. But what does it really mean for companies and investors, or even the broader economy? Hosts Catherine Yeung, Investment Director, and Marty Dropkin, Head of Asian Fixed Income & Hong Kong Investments, are joined by Equity Ana...
Rich Pickings: No easy answers - the ESG questions raised by the Russia-Ukraine war
May 11, 2022 11:26 - 34 minutes - 31.2 MBFrom the energy transition to withdrawing from Russian assets, the conflict in Ukraine has put environmental, social and governance issues in the spotlight for businesses and investors. Carsten Roemheld is joined by Portfolio Manager Caroline Shaw, and Portfolio Manager and Director of Equities for the Emerging Markets team Punam Sharma to discuss how companies can navigate these challenges, and the implications for asset allocation. With additional contributions from Fidelity's Global Chie...
The Investor's Guide to China: Supply Chains (#13)
April 28, 2022 03:06 - 33 minutes - 30.6 MBNow over two years into this pandemic and the world is still battling some serious supply chain disruptions - all the more so, of course, with the war in Ukraine and sanctions on Russia, plus Covid-related lockdowns in China. How are companies reacting to the constant stream of disruptions and what are they doing to help mitigate risk? What should China investors be wary of and where are the opportunities? Catherine Yeung, Investment Director, and Marty Dropkin, Head of Asian Fixed Income &...
Rich Pickings: Tectonic shifts - mapping the disruption to economies and supply chains
March 29, 2022 14:52 - 44 minutes - 40.5 MBOne month on from the start of the war in Ukraine, the knock-on effects for the global economy and the old world order are becoming clearer. With disrupted supply chains, persistent inflation, and a realignment of geopolitics, we take a closer look at how investors can navigate these seismic changes. Carsten Roemheld is joined by Global Head of Macro and Strategic Asset Allocation Salman Ahmed, Head of Multi Asset Investment Management for Europe Eugene Philalithis and Senior Sovereign Analy...
The Investor's Guide to China: Debt (#12)
March 21, 2022 04:56 - 43 minutes - 40.1 MBA lot of the financial headlines we’re seeing about China lately involve debt of one form or another. It could be a real estate company that borrowed too much and got into trouble or a new macro policy aiming to rein in leverage in the banking system. But it’s important to differentiate between bad debt and good debt. While companies going bust may be newsworthy, this can also help in reducing so called ‘moral hazard’ if it results in credit risk being priced better by investors. While anoth...