FOCUS2023: Paying dividends with active management – Don Newman

On May 11, Fidelity Investments Canada hosted FOCUS2023, a daylong event for advisors featuring Fidelity’s portfolio managers, subject matter experts and thought leaders. Sessions ran both onstage in Vancouver to a live audience, and from our Toronto studio for a crowd of thousands more online. On today’s podcast, we’re bringing you portfolio manager Don Newman’s session from the event, sitting down with host Pat Bolland. Don manages two dividend-focused Funds, the Dividend Fund and Dividend Plus Fund. He discusses how Dividend equities have worked well during a volatile market environment and generally, how dividends fit overall in an investor’s portfolio. In the past, Don has focused on inflation protection and companies with pricing power. This year's his focus is on earnings rather than the total enterprise due to market conditions. He says earnings have held up well so far and that can be attributed to companies raising prices, seeing stable demand, and improving labor availability. He also adds his current strategy is to focus on maintaining a portion of the portfolio with predictable earnings and buy stocks at a reasonable price.

Recorded on May 11, 2023.

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