Join Pierre Daillie and Ilan Kolet, Institutional Portfolio Manager, Global Asset Allocation Team at Fidelity Investments, as they explore the significant economic shifts since their last discussion. They dive into the divergent growth paths of the US and Canadian economies, the implications of productivity expansions, and strategic portfolio positioning. The conversation covers the integration of liquid alternatives to enhance diversification and risk management in Fidelity's managed portfolios. This episode offers valuable insights for advisors and investors navigating the complex market environment.
Timestamped Highlights
00:00 Catching Up After a Long Time
00:30 Divergence Between Canada and the U.S.
04:50 The Importance of Productivity
07:47 Stocks and Bonds Performance
10:12 Understanding Productivity Growth
16:39 Implications for Monetary Policy
20:14 Introduction and Episode Overview
21:04 Current Market Positioning
26:56 Incremental Investment Approach
27:06 Valuation and Sentiment in Investment Decisions
28:14 Comprehensive Global Asset Allocation Strategy
29:17 Manager Selection and Diversification
29:56 Rigorous Evaluation and Tactical Decisions
30:58 Challenges for Advisors
35:57 Balanced Fund of the Future
36:30 Inclusion of Liquid Alternatives
40:44 Democratizing Access to Alternative Investments
53:52 Strategic and Methodical Investment Decisions
55:04 Concluding Thoughts and Future Plans
