How is our Multi Asset team positioned this month?

After another intense Asset Allocation Group meeting, Richard Edgar, Editor-in-Chief, debriefs with:

Anna Stupnytska - Global economist, and former rower.

Eugene Philalithis - Multi Asset portfolio manager, and Star Wars fan.

James Bateman - Chief Investment Officer, Multi Asset, and former weightlifter.

They discuss why it would be a mistake to call the bear market too early, consider the impact of diverging central bank policies, and explain how to position an income portfolio in a rising rate environment.

Finally, they review the assets which are 'selling like hotcakes' and also those they would 'drop like a hot potato.'

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This podcast is for Investment Professionals only and should not be relied on by private investors. 
This podcast is provided for information purposes only and is intended only for the person or entity to which it is sent or downloaded by.  It must not be reproduced or circulated to any other party without prior permission of Fidelity.  Fidelity Personal Investing does not give personal recommendations. The value of investments can go down as well as up so you may get back less than you invest. For other important legal notices please see our website: www.fidelity.co.uk/professional/about/

Fidelity International

July 2017: Don't call the bear too early

As an eerie calm settled over markets, members of Fidelity’s Asset Allocation Group gathered this week to discuss how they are positioned.  Anna Stupnytska, Global Economist, Kevin O'Nolan, Portfolio Manager and James Bateman, the team’s Chief Investment Officer, tell Richard Edgar why inflation ain’t what it used to be, why today feels a little like 1927 and what assets they’d drop like a hot potato.

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This podcast is for Investment Professionals only and should not be relied on by private investors. 
This podcast is provided for information purposes only and is intended only for the person or entity to which it is sent or downloaded by. It must not be reproduced or circulated to any other party without prior permission of Fidelity. Fidelity Personal Investing does not give personal recommendations. The value of investments can go down as well as up so you may get back less than you invest. For other important legal notices please see our website: www.fidelity.co.uk/professional/about/

August 2017: Inflation ain't what it used to be

Against a backdrop of increasing geopolitical tensions, members of Fidelity’s Asset Allocation Group gathered to discuss how they are positioned for the month - and this is their debrief. 
Anna Stupnytska, Global Economist, Mike Costa, Assistant Portfolio Manager and James Bateman, the team’s Chief Investment Officer, tell Richard Edgar why there's no point positioning for binary political outcomes, where to go when everything looks expensive and what assets they’d drop like a hot potato.

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This podcast is for Investment Professionals only and should not be relied on by private investors. 
This podcast is provided for information purposes only and is intended only for the person or entity to which it is sent or downloaded by. It must not be reproduced or circulated to any other party without prior permission of Fidelity. Fidelity Personal Investing does not give personal recommendations. The value of investments can go down as well as up so you may get back less than you invest. For other important legal notices please see our website: www.fidelity.co.uk/professional/about/

September 2017: A pessimist's optimism; alternatives when everything looks expensive

Top members of Fidelity’s Asset Allocation Group gather to discuss how they are positioned this month - and you get to listen in to their debrief. 
Ayesha Akbar, Portfolio Manager, Anna Stupnytska, Global Economist, and James Bateman, the team’s Chief Investment Officer, tackle Central Bank hawkishness, emerging market positivity, and tell Richard Edgar which European country is this episode's hot cake.

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This podcast is for Investment Professionals only and should not be relied on by private investors. 
This podcast is provided for information purposes only and is intended only for the person or entity to which it is sent or downloaded by. It must not be reproduced or circulated to any other party without prior permission of Fidelity. Fidelity Personal Investing does not give personal recommendations. The value of investments can go down as well as up so you may get back less than you invest. For other important legal notices please see our website: www.fidelity.co.uk/professional/about/

October 2017 - Central Bank psychodrama

Fidelity’s Asset Allocation Group gather to discuss how they are positioned this month - and here you can listen in on their November debrief. 
Bill McQuaker, Portfolio Manager, Charlotte Harington, Markets Analyst, and James Bateman, the team’s Chief Investment Officer, cover Japan, feeling the heat despite an upswing in the Fidelity Leading Indicator, and the index Bill describes as "a thing of beauty".
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This podcast is for Investment Professionals only and should not be relied on by private investors. 
This podcast is provided for information purposes only and is intended only for the person or entity to which it is sent or downloaded by. It must not be reproduced or circulated to any other party without prior permission of Fidelity. Fidelity Personal Investing does not give personal recommendations. The value of investments can go down as well as up so you may get back less than you invest. For other important legal notices please see our website: www.fidelity.co.uk/professional/about/

November 2017: Bill McQuaker's most beautiful index

Fidelity’s Asset Allocation Group gather to discuss how they are positioned this month - and here you can listen in on their December debrief, hosted by Richard Edgar. 
Eugene Philalithis, Portfolio Manager, Charlotte Harington, Markets Analyst, and James Bateman, the team’s Chief Investment Officer, discuss the warning signs they look for to work out if markets are approaching a tipping point and outline their base cases for equities in 2018.

Then the team reveal their hot cakes and hot potatoes for the month: alternatives, high yield and Mexico are all in there - but in which category?

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This podcast is for Investment Professionals only and should not be relied on by private investors. 
This podcast is provided for information purposes only and is intended only for the person or entity to which it is sent or downloaded by. It must not be reproduced or circulated to any other party without prior permission of Fidelity. Fidelity Personal Investing does not give personal recommendations. The value of investments can go down as well as up so you may get back less than you invest. For other important legal notices please see our website: www.fidelity.co.uk/professional/about/

December 2017: No flashing warning signs - yet

Fidelity’s Asset Allocation Group gather to discuss how they are positioned this month - and here you can listen in on their January debrief, hosted by Richard Edgar, Editor in Chief. 

Markets Analyst Charlotte Harington, Portfolio Manager Bill McQuaker, and James Bateman, the team’s Chief Investment Officer, debate any likely rotation related to the market’s extended bull run, as well as their predictions for inflation and how - or if - central banks will react. With additional contributions from Ian Samson, Markets Research Analyst. 

The team also reveal their hot cakes and hot potatoes for the month: gold, EM-inflation linked bonds and the Canadian dollar are all in there - but in which category?

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This podcast is for Investment Professionals only and should not be relied on by private investors. 
This podcast is provided for information purposes only and is intended only for the person or entity to which it is sent or downloaded by. It must not be reproduced or circulated to any other party without prior permission of Fidelity. Fidelity Personal Investing does not give personal recommendations. The value of investments can go down as well as up so you may get back less than you invest. For other important legal notices please see our website: www.fidelity.co.uk/professional/about/

Jan 2018: Goldilocks and the return of the bear

Fidelity’s Asset Allocation Group gather to discuss how they are positioned this month - and here you can listen in on their February debrief, hosted by Richard Edgar, Editor in Chief.

Markets Analyst Charlotte Harington, Portfolio Manager and Head of the Quant Research Team in Multi Asset Rahul Srivatsa, and James Bateman, the team’s Chief Investment Officer, take a closer look at recent market gyrations - and reveal how it’s fuelled debate within the team - as well the role of algorithmic trading.

The team also declare their hot cakes and hot potatoes for the month: Italian equities, sterling and European debt all feature - but in which category?

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This podcast is for Investment Professionals only and should not be relied on by private investors. 
This podcast is provided for information purposes only and is intended only for the person or entity to which it is sent or downloaded by. It must not be reproduced or circulated to any other party without prior permission of Fidelity. Fidelity Personal Investing does not give personal recommendations. The value of investments can go down as well as up so you may get back less than you invest. For other important legal notices please see our website: www.fidelity.co.uk/professional/about/

Feb 2018: Changing patterns - a return to normal?

Fidelity’s Asset Allocation Group gather to discuss how they are positioned this month - and here you can listen in on their March debrief, hosted by Richard Edgar, Editor in Chief.
Markets Analyst Charlotte Harington, Portfolio Manager Bill McQuaker, and James Bateman, the team’s Chief Investment Officer, disclose how and why the asset allocation group has repositioned itself - specifically with regards to fixed income and the US.
The team also declare their hot cakes and hot potatoes for the month: Hong Kong equities, the yen, and gilts all feature - but in which category?
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This podcast is for Investment Professionals only and should not be relied on by private investors. 
This podcast is provided for information purposes only and is intended only for the person or entity to which it is sent or downloaded by. It must not be reproduced or circulated to any other party without prior permission of Fidelity. Fidelity Personal Investing does not give personal recommendations. The value of investments can go down as well as up so you may get back less than you invest. For other important legal notices please see our website: www.fidelity.co.uk/professional/about/

March 2018: Hedging for global growth concerns

Fidelity’s Asset Allocation Group gather to discuss how they are positioned this month - and here you can listen in on their April debrief, hosted by Richard Edgar, Editor in Chief.
 
Portfolio Manager Pek Ng, Research Analyst Ian Samson, and James Bateman, Chief Investment Officer, explain their positioning and the need to be more active on equities.
 
The team also reveal their hot cakes and hot potatoes: India, the Russian rouble, and US growth equities all feature - but in which category?

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This podcast is for Investment Professionals only and should not be relied on by private investors. 
This podcast is provided for information purposes only and is intended only for the person or entity to which it is sent or downloaded by. It must not be reproduced or circulated to any other party without prior permission of Fidelity. Fidelity Personal Investing does not give personal recommendations. The value of investments can go down as well as up so you may get back less than you invest. For other important legal notices please see our website: www.fidelity.co.uk/professional/about/

April 2018: Tougher but not terrible

Rich Pickings has stopped posting to Soundcloud and now lives at: https://omny.fm/shows/rich-pickings-fidelitys-asset-allocation-podcast

Rich Pickings: Fidelity's Asset Allocation Podcast