Generating alpha with liquid alternatives – David Way

Hello and welcome to Fidelity Connects – a Fidelity Investments Canada podcast – connecting you to the world of investing and helping you stay ahead. Today on the show, we welcome Portfolio Manager David Way. He outlines the portfolio benefits of liquid alternatives and Fidelity Long/Short Alternative Fund. Dave explains that this fund acts as a source of daily liquidity for investors to access investments beyond fixed income and equity. He believes that it can be a core holding for equity exposure and is meant to deliver attractive and absolute returns relative to other equity alternatives. The short side of the portfolio allows for more conviction and putting more power behind the long side, and has done well for protecting capital during periods of market drawdowns. Dave also discusses the Canadian economy, reinforcing that Canada is a much more indebted country than the US and faces significant interest resets. The oil prices are relatively healthy at the moment with a growing demand for copper, although the country still lags behind other economies in terms of productivity.

Recorded on March 27, 2024.

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