Welcome to Fidelity

Select a location so we can provide you with the appropriate information

Bienvenue chez Fidelity

Veuillez sélectionner un pays afin que nous vous communiquions l'information appropriée

Willkommen bei Fidelity

Wählen Sie Ihren Standort aus, damit wir Ihnen die für Sie passenden Informationen anzeigen können.

Benvenuti in Fidelity

Seleziona un paese in modo da consentirci di fornirti le informazioni appropriate

フィデリティのウェブサイトへようこそ

適切な情報を表示するため、現在お住まいの地域を選択してください。

Welcome to Fidelity

Select a location so we can provide you with the appropriate information

Willkommen bei Fidelity

Wählen Sie Ihren Standort aus, damit wir Ihnen die für Sie passenden Informationen anzeigen können.

Important information

I confirm that I am accessing this website for the purpose of acquiring information as, or for, an Institutional Investor (a corporate or other non-retail investor acting for their own account).

By accessing the restricted area I confirm my agreement with‚ and understanding of‚ the following terms of use and the legal provisions. If I do not agree to the terms and legal conditions‚ I must not access this website or any pages thereof. I acknowledge that access to the information contained on this website is available to "Qualified Investors" only as defined below. A private individual or legal representative or any other party without this qualification should not enter this website.

By accessing this website or any of its pages‚ I confirm that I am a qualified investor in accordance with Art 10.3 CISA.

The following are considered to be qualified investors:

  • supervised financial intermediaries such as banks, securities dealers‚ management companies and asset managers of collective investment schemes‚ as well as central banks;
  • supervised insurance companies;
  • public-law bodies and occupational pension institutions with professional treasury;
  • companies with professional treasury.

I understand the information contained in this website is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the dissemination of such investment related information is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a ‘retail investor’ by the home regulator of the country in which the website is being accessed. I understand that the information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product nor shall any such investment products or services be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful. Fidelity has expressed its own views and opinions on this website, and these may change and there is no obligation to update them. Nothing in this website should be construed as investment, tax, legal or other advice. The information contained herein is subject to change without notice.

I understand the information contained in this website is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the dissemination of such investment related information is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a ‘retail investor’ by the home regulator of the country in which the website is being accessed. I understand that the information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product nor shall any such investment products or services be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful. Fidelity has expressed its own views and opinions on this website, and these may change and there is no obligation to update them. Nothing in this website should be construed as investment, tax, legal or other advice. The information contained herein is subject to change without notice.

This website has been issued by FIL Fund Management Limited, a Bermuda company licensed to conduct investment business by the Bermuda Monetary Authority. Neither FIL Fund Management Limited, its parent company FIL Limited, nor any of their group companies or affiliates makes or gives any warranty or representation that any information contained on this website is accurate, complete, or fit for any particular purpose.

I acknowledge that neither FIL Fund Management Limited, FIL Limited, nor any of their group companies or affiliates will have any liability for any losses arising directly or indirectly from any information accessed from this website. By accepting this representation I also confirm my agreement to the website Terms and Conditions, which I have read and understood.

Fidelity International, the Fidelity International logo and F symbol are trademarks of FIL Limited, a company existing under the laws of Bermuda.

If the above representation is correct, please click 'I agree' below to continue to the site.

Information importante

Je confirme accéder à ce site Internet afin d’obtenir des informations en qualité d’investisseur institutionnel.

Je comprends que les informations contenues sur ce site Internet sont destinées exclusivement aux investisseurs résidant en France et ne doivent pas être diffusées à quiconque pouvant être considéré comme un investisseur particulier. Je comprends que les informations ou opinions présentées sur ce site ne constituent pas des recommandations d’achat ou de vente. Fidelity a exprimé ses propres vues et opinions sur ce site Internet, et celles-ci peuvent évoluer sans que Fidelity n’assume aucune obligation de les actualiser. Aucun élément de ce site Internet ne doit être interprété comme un avis d’investissement, fiscal ou juridique ou autre. Les informations que comporte ce site peuvent changer sans notification.

Ce site Internet est présenté par FIL Gestion, SGP agréée par l'AMF sous le n°GP03-004, 29 rue de Berri, 75008 Paris. Ni FIL Gestion, ni sa société mère FIL Limited, ni aucune des sociétés ou affiliées du groupe ne garantit ni ne fait aucune déclaration sur l’exactitude, l’exhaustivité ou l’adaptation à une finalité donnée des informations présentées sur ce site Internet.

Je reconnais que ni FIL Gestion, ni FIL Limited, ni aucune des sociétés ou affiliées du groupe n’assume une quelconque responsabilité au titre de toute perte découlant directement ou indirectement de toute information obtenue à partir de ce site Internet.

Ce site présentant des informations en langues française et anglaise, j’accepte de recevoir des informations non exclusivement rédigées en français.

Je confirme également, par l’acceptation de cette déclaration, mon accord sur les conditions et modalités du site Internet que j’ai lues et comprises.

Fidelity, Fidelity International, le logo Fidelity International ainsi que le symbole F sont des marques déposées de FIL Limited.

Si vous accepter les termes de la déclaration ci-dessus, veuillez cliquer sur « j’accepte » ci-dessous pour poursuivre votre navigation sur ce site.

Wichtige Informationen

Hiermit bestätige ich, dass ich diese Website zur Informationsbeschaffung als institutioneller Anleger (ein auf eigene Rechnung handelndes Unternehmen oder ein anderer nicht als Privatanleger geltender Investor) bzw. für einen institutionellen Anleger besuche.

Mit dem Zugriff auf den zugangsbeschränkten Bereich bestätige ich, dass ich die folgenden Nutzungsbedingungen und rechtlichen Klauseln verstanden habe und mit ihnen einverstanden bin. Andernfalls darf ich auf diese Website oder Teile davon nicht zugreifen. Mir ist bewusst, dass der Zugang zu den Informationen auf dieser Website nur für „qualifizierte Anleger“ gemäss untenstehender Definition vorgesehen ist. Eine Privatperson, ein rechtlicher Vertreter oder irgendeine andere Partei ohne diese Qualifikation sollte nicht auf diese Webseite zugreifen.

Mit dem Zugriff auf diese Website oder Teile davon bestätige ich, dass ich ein qualifizierter Investor gemäß Art 10 Absatz 3 des schweizerischen Bundesgesetzes über die kollektiven Kapitalanlagen bin.

Als qualifizierte Anlegerinnen und Anleger im Sinne dieses Gesetzes gelten:

  • beaufsichtigte Finanzintermediäre wie Banken, Effektenhändler, Fondsleitungen und Vermögensverwalter kollektiver Kapitalanlagen sowie Zentralbanken;
  • beaufsichtigte Versicherungseinrichtungen;
  • öffentlich-rechtliche Körperschaften und Vorsorgeeinrichtungen mit professioneller Tresorerie;
  • Unternehmen mit professioneller Tresorerie.

Mir ist bewusst, dass sich die Informationen auf dieser Website nicht an Personen richten bzw. für sie bestimmt sind, in deren Land die Verbreitung solcher anlagebezogenen Informationen nicht erlaubt ist. Mir ist bewusst, dass die hier zu findenden Informationen oder Meinungen nicht als Aufforderung zum Kauf oder Verkauf eines Anlageprodukts zu verstehen sind. Es sollen auch keine solchen Anlageprodukte oder Dienstleistungen Personen angeboten oder verkauft werden, in deren Land ein entsprechendes Angebot, eine Aufforderung, ein Erwerb oder Verkauf ungesetzlich wäre. Fidelity äußert auf dieser Website seine eigenen Ansichten und Meinungen, die sich jederzeit ändern können, ohne dass eine Verpflichtung zur Aktualisierung besteht. Kein Inhalt dieser Website ist als Beratung in Bezug auf Geldanlagen, Steuern, rechtliche oder sonstige Aspekte zu verstehen. Die hierin enthaltenen Informationen können sich ohne entsprechende Mitteilung jederzeit ändern.

Mir ist bewusst, dass sich die Informationen auf dieser Website nicht an Personen richten bzw. für sie bestimmt sind, in deren Land die Verbreitung solcher anlagebezogenen Informationen nicht erlaubt ist. Mir ist ebenfalls bewusst, dass sich die Informationen auf dieser Website nicht an Adressaten richtet, die von der Aufsichtsbehörde in dem Land, von dem aus die Website besucht wird, möglicherweise als „Privatanleger“ klassifiziert werden. Des Weiteren ist mir bewusst, dass die hier zu findenden Informationen oder Meinungen nicht als Aufforderung zum Kauf oder Verkauf eines Anlageprodukts zu verstehen sind. Es sollen auch keine solchen Anlageprodukte oder Dienstleistungen Personen angeboten oder verkauft werden, in deren Land ein entsprechendes Angebot, eine Aufforderung, ein Erwerb oder Verkauf ungesetzlich wäre. Fidelity äußert auf dieser Website seine eigenen Ansichten und Meinungen, die sich jederzeit ändern können, ohne dass eine Verpflichtung zur Aktualisierung besteht. Kein Inhalt dieser Website ist als Beratung in Bezug auf Geldanlagen, Steuern, rechtliche oder sonstige Aspekte zu verstehen. Die hierin enthaltenen Informationen können sich ohne entsprechende Mitteilung jederzeit ändern.

Diese Website wurde von FIL Fund Management Limited eingerichtet, einem Unternehmen mit Sitz auf bzw. nach dem Recht der Bermuda-Inseln, das über eine Genehmigung der Bermuda Monetary Authority zur Ausübung von Investmenttätigkeiten verfügt. Weder FIL Fund Management Limited noch sein Mutterunternehmen FIL Limited oder irgendein anderes Konzernunternehmen oder verbundenes Unternehmen übernimmt die Gewähr dafür oder erklärt, dass die Informationen auf dieser Website zutreffend, vollständig oder für jedwede Zwecke geeignet sind.

Ich erkenne an, dass weder FIL Fund Management Limited noch FIL Limited oder ein anderes Konzernunternehmen bzw. verbundenes Unternehmen für etwaige Verluste haftet, die direkt oder indirekt aus einer auf dieser Website beschafften Information resultieren. Durch Annahme dieser Erklärung bestätige ich auch mein Einverständnis mit den Nutzungs- und Geschäftsbedingungen dieser Website, die ich gelesen und verstanden habe.

Fidelity International, das Fidelity International Logo und das F-Symbol sind Markenzeichen von FIL Limited, einem nach dem Recht der Bermuda-Inseln eingetragenen Unternehmen.

Diese Website präsentiert Informationen in englischer und deutscher Sprache. Als professioneller Anleger akzeptiere ich hiermit, Informationen in mehr als einer Sprache zu erhalten.

Wenn die obige Erklärung zutrifft, klicken Sie bitte auf „Ich stimme zu“, um auf die Website zu gelangen.

Informazioni importanti

Confermo di voler accedere a questo sito web per acquisire informazioni in veste o per conto di un Investitore istituzionale (una società o altro investitore non retail che agisce per proprio conto).

Riconosco che le informazioni contenute in questo sito web non sono dirette né sono destinate alla distribuzione o all’uso da parte di soggetti in qualsiasi giurisdizione in cui la diffusione di tali informazioni relative allinvestimento non è consentita. Riconosco inoltre che le informazioni contenute in questo sito web non sono dirette a soggetti che potrebbero essere definiti "investitori retail" dall'autorità di vigilanza nazionale del paese dal quale si accede al sito stesso. Riconosco che le informazioni o le opinioni contenute in questo sito web non devono essere interpretate come un'offerta di vendita o come la sollecitazione di un'offerta di acquisto di un prodotto o un servizio di investimento, né tali prodotti o servizi di investimento possono essere offerti o venduti a soggetti di giurisdizioni nelle quali tale offerta, sollecitazione, acquisto o vendita sarebbero illegali. Questo sito web contiene giudizi e opinioni espressi da Fidelity, che sono soggetti a modifica e rispetto ai quali non sussiste alcun obbligo di aggiornamento. Nulla di quanto contenuto in questo sito web va considerato come una consulenza di investimento, fiscale, legale o di altra natura. Le informazioni qui riportate sono soggette a modifica senza preavviso.

Questo sito web è pubblicato da FIL Fund Management Limited (una società delle Bermuda autorizzata a svolgere attività d'investimento dalla Bermuda Monetary Authority). Né FIL Fund Management Limited, né la sua società madre FIL Limited, né alcuna delle loro società del gruppo o affiliate fornisce o rilascia alcuna garanzia o dichiarazione che le informazioni contenute in questo sito web siano accurate, complete o adatte a uno scopo particolare.

Riconosco che né FIL Fund Management Limited, né FIL Limited né alcuna delle loro società del gruppo o affiliate si assumono alcuna responsabilità per eventuali perdite derivanti direttamente o indirettamente da informazioni ottenute da questo sito web. Accettando questa dichiarazione confermo anche di aver letto, compreso e accettato i Termini e le condizioni d'uso del sito web.

Fidelity International, il logo Fidelity International e il simbolo F sono marchi di proprietà di FIL Limited, una società costituita nelle Bermuda.

Se la dichiarazione di cui sopra è corretta, cliccare "Accetto" qui sotto per continuare a visitare il sito.

重要な情報

私は、機関投資家(自己勘定取引を行う個人投資家以外の法人その他の投資家)として、あるいはかかる機関投資家のために、当ウェブサイトにアクセスし、情報を取得するものです。

私は、当ウェブサイトに掲載される情報は、かかる投資関連情報の流布が違反となる法域の人物に提供するものではなく、そういった人物によって拡散されたり利用されたりすることを意図したものでもないことを理解しています。また、当サイトに掲載される情報が、ウェブサイトにアクセスする場所の国の規制当局によって「個人投資家」と定義され得る人物に向けたものではなく、当サイトにある情報または意見は、何らかの投資商品の勧誘や募集と解釈すべきではなく、かかる投資商品またはサービスの募集、勧誘、売買が違法となる法域にいる人物に対して募集ないし販売されるものでもないことも理解しています。フィデリティは、当ウェブサイト上に自社の見解や意見を掲載していますが、これらは変わる可能性があり、そういった変更があった場合に当ウェブサイトを更新しなければならないという義務は負っていません。当ウェブサイトの内容はいずれも投資、税務、法務、その他の助言と解釈すべきではなく、ウェブサイト上の情報は通知なく変更される可能性があります。

当ウェブサイトはバミューダ籍の法人でバミューダ金融庁から投資事業免許を取得しているFILファンド・マネジメント・リミテッドが作成しています。FILファンド・マネジメント・リミテッド、その親会社であるFILリミテッド、またはそれらのグループ会社か関連会社のいずれも、当ウェブサイトに掲載される情報が正確であるとか、完全であるとか、特定の目的に適合したものである等の保証や表明は行っておらず、そういった保証や表明を提供することもありません。

FILファンド・マネジメント・リミテッド、FILリミテッド、またはそれらのグループ会社か関連会社のいずれもが、当ウェブサイトから入手した情報によって直接または間接的に発生した損失の責を負うものではないことに了承します。

フィデリティ・インターナショナル、フィデリティ・インターナショナルのロゴおよびFのシンボルはバミューダ法の下で設立された法人であるFILリミテッドの商標です。

以上をご確認いただける場合には、以下の「同意します」ボタンをクリックしてください。

Important information

I confirm that I am accessing this website for the purpose of acquiring information as, or for, an Institutional Investor (a corporate or other non-retail investor acting for their own account).

I understand the information contained in this website is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the dissemination of such investment related information is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a ‘retail investor’ by the home regulator of the country in which the website is being accessed. I understand that the information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product nor shall any such investment products or services be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful. Fidelity has expressed its own views and opinions on this website, and these may change and there is no obligation to update them. Nothing in this website should be construed as investment, tax, legal or other advice. The information contained herein is subject to change without notice.

This website has been issued by FIL Fund Management Limited, a Bermuda company licensed to conduct investment business by the Bermuda Monetary Authority. Neither FIL Fund Management Limited, its parent company FIL Limited, nor any of their group companies or affiliates makes or gives any warranty or representation that any information contained on this website is accurate, complete, or fit for any particular purpose.

I acknowledge that neither FIL Fund Management Limited, FIL Limited, nor any of their group companies or affiliates will have any liability for any losses arising directly or indirectly from any information accessed from this website. By accepting this representation I also confirm my agreement to the website Terms and Conditions, which I have read and understood.

Please note that FIL Fund Management Limited is not licensed by the Liechtenstein Financial Market Authority (“FMA”) and is not subject to the supervision of the FMA.

Fidelity International, the Fidelity International logo and F symbol are trademarks of FIL Limited, a company existing under the laws of Bermuda.

If the above representation is correct, please click 'I agree' below to continue to the site.

Wichtige Informationen

Hiermit bestätige ich, dass ich diese Website zur Informationsbeschaffung als institutioneller Anleger (ein auf eigene Rechnung handelndes Unternehmen oder ein anderer nicht als Privatanleger geltender Investor) bzw. für einen institutionellen Anleger besuche.

Mir ist bewusst, dass sich die Informationen auf dieser Website nicht an Personen richten bzw. für sie bestimmt sind, in deren Land die Verbreitung solcher anlagebezogenen Informationen nicht erlaubt ist. Mir ist ebenfalls bewusst, dass sich die Informationen auf dieser Website nicht an Adressaten richtet, die von der Aufsichtsbehörde in dem Land, von dem aus die Website besucht wird, möglicherweise als „Privatanleger“ klassifiziert werden. Des Weiteren ist mir bewusst, dass die hier zu findenden Informationen oder Meinungen nicht als Aufforderung zum Kauf oder Verkauf eines Anlageprodukts zu verstehen sind. Es sollen auch keine solchen Anlageprodukte oder Dienstleistungen Personen angeboten oder verkauft werden, in deren Land ein entsprechendes Angebot, eine Aufforderung, ein Erwerb oder Verkauf ungesetzlich wäre. Fidelity äußert auf dieser Website seine eigenen Ansichten und Meinungen, die sich jederzeit ändern können, ohne dass eine Verpflichtung zur Aktualisierung besteht. Kein Inhalt dieser Website ist als Beratung in Bezug auf Geldanlagen, Steuern, rechtliche oder sonstige Aspekte zu verstehen. Die hierin enthaltenen Informationen können sich ohne entsprechende Mitteilung jederzeit ändern.

Diese Website wurde von FIL Fund Management Limited eingerichtet, einem Unternehmen mit Sitz auf bzw. nach dem Recht der Bermuda-Inseln, das über eine Genehmigung der Bermuda Monetary Authority zur Ausübung von Investmenttätigkeiten verfügt. Weder FIL Fund Management Limited noch sein Mutterunternehmen FIL Limited oder irgendein anderes Konzernunternehmen oder verbundenes Unternehmen übernimmt die Gewähr dafür oder erklärt, dass die Informationen auf dieser Website zutreffend, vollständig oder für jedwede Zwecke geeignet sind.

Ich erkenne an, dass weder FIL Fund Management Limited noch FIL Limited oder ein anderes Konzernunternehmen bzw. verbundenes Unternehmen für etwaige Verluste haftet, die direkt oder indirekt aus einer auf dieser Website beschafften Information resultieren. Durch Annahme dieser Erklärung bestätige ich auch mein Einverständnis mit den Nutzungs- und Geschäftsbedingungen dieser Website, die ich gelesen und verstanden habe.

Fidelity International, das Fidelity International Logo und das F-Symbol sind Markenzeichen von FIL Limited, einem nach dem Recht der Bermuda-Inseln eingetragenen Unternehmen.

Bitte beachten Sie, dass die FIL Fund Management Limited von der Finanzmarktaufsicht Liechtenstein weder zugelassen noch beaufsichtigt ist.

Diese Website präsentiert Informationen in englischer und deutscher Sprache. Als professioneller Anleger akzeptiere ich hiermit, Informationen in mehr als einer Sprache zu erhalten.

Wenn die obige Erklärung zutrifft, klicken Sie bitte auf „Ich stimme zu“, um auf die Website zu gelangen.

Please scroll down to read through all of the terms.
Merci de bien vouloir faire defiler ce message jusqu’à son terme.
Bitte scrollen Sie nach unten, um alle wichtigen Informationen durchzulesen.
Per favore scorri verso il basso per leggere tutte le condizioni.
スクロールダウンし、全ての注意事項をよくお読み下さい。
Please scroll down to read through all of the terms.
Bitte scrollen Sie nach unten, um alle wichtigen Informationen durchzulesen.

Latest thinking

Showcasing opinions and insights from our investment experts.

Central banks in emerging markets hop on the bond-buying bandwagon

Central banks in emerging markets hop on the bond-buying bandwagon

EM central bankers are taking a page from the developed-market playbook and purchasing local bonds as a way to cushion the blow
Macro briefing: EU Commission unveils historic aid package tied to Green Deal

Macro briefing: EU Commission unveils historic aid package tied to Green Deal

The EU package is structured in the form of €500 billion of grants while the remaining €250 billion will be made available as loans.
Chart Room: Mobility data shows most economies are rebounding slowly

Chart Room: Mobility data shows most economies are rebounding slowly

Economic activity is being determined by virus response rather than slower-moving traditional industrial cycles. We need to adjust our toolkits accordingly.
Hong Kong and the relevance of economic resilience

Hong Kong and the relevance of economic resilience

Markets recently reflected uncertainty over Hong Kong’s status as a centre for international finance, but investors would do well to take a longer-term view.
Is the US turning Japanese?

Is the US turning Japanese?

A higher post-coronavirus savings rate in the US risks pushing the country into a low growth spiral similar to that which first ensnared Japan 30 years ago.
The end of the journey to the West: Chinese tech firms come home

The end of the journey to the West: Chinese tech firms come home

The tides of global capital markets have turned for Chinese tech firms. Instead of US listings, they are starting to find greater China more compelling.
China again primes growth with infrastructure investment

China again primes growth with infrastructure investment

With exports expected to slump and consumption still struggling to fully recover, China is turning to a familiar playbook - infrastructure spending.
The Investor's Guide to China podcast: Technology and innovation

The Investor's Guide to China podcast: Technology and innovation

"Artificial intelligence and specifically deep learning is where China is going to be the leader," says Senior Technology Analyst Johnny Tseng.
Fund may open door to larger scale debt mutualisation

Fund may open door to larger scale debt mutualisation

The fund marks a major step towards a stronger common fiscal policy as it will be administered through the EU’s budget and financed by EU-issued debt.
Defying gravity: How long can monetary-driven markets ignore economic reality?

Defying gravity: How long can monetary-driven markets ignore economic reality?

How long can central bank stimulus enable markets to defy gravity from Covid-19 reality?
Chart Room: Beware the narrowing market

Chart Room: Beware the narrowing market

Equity market performance is now at its narrowest since the 2008 Financial Crisis, with the rally riding on a dwindling number of large-cap growth stocks.
May's Rich Pickings podcast: The case against inflation

May's Rich Pickings podcast: The case against inflation

Why inflation will be some way off - and how portfolios are being adjusted as the old rules are torn up.
These 8 charts suggest cautious consumer sentiment in China's Covid-19 rebound

These 8 charts suggest cautious consumer sentiment in China's Covid-19 rebound

These 8 charts suggest cautious consumer sentiment in China's Covid-19 rebound
Fidelity CIOs: Effects of monetary explosion

Fidelity CIOs: Effects of monetary explosion

The sheer scale of central bank action could store up problems for the future.
EU recovery fund: A step forward, but time is running out

EU recovery fund: A step forward, but time is running out

Germany and France have agreed to some form for debt mutualisation but the rest of the EU states will have to agree
Fidelity Pulse Survey: Society’s big moment

Fidelity Pulse Survey: Society’s big moment

Fidelity's May survey of 145 analysts found that the Covid-19 crisis is focusing companies' attention on social issues.
Podcast: The future of... retail and real estate: liquidity, liquidity, liquidity

Podcast: The future of... retail and real estate: liquidity, liquidity, liquidity

As the pandemic changes consumer behaviour - perhaps permanently - we look at what the future of retail and its associated real estate could look like.
Macro briefing: More stimulus expected, but will it be enough?

Macro briefing: More stimulus expected, but will it be enough?

New figures show that more than 2.9 million workers applied for unemployment benefits, taking the total count to 36.5 million applications in two months.
Chart Room: Mind the valuations

Chart Room: Mind the valuations

After recent rebounds in stocks and bonds, we take a quick look at valuations and how they stack up against history.
Fidelity CIOs: Spotlight on solvency

Fidelity CIOs: Spotlight on solvency

Balance sheets come under scrutiny.
CEO update podcast: Anne Richards on resilience and reinvention

CEO update podcast: Anne Richards on resilience and reinvention

Fidelity CEO Anne Richards explores what has to change in supply chains, corporate aims, and capitalism itself.

Fidelity Leading Indicator shows broad weakness as the focus turns to recovery

The three-month Fidelity Leading Indicator growth rate is already halfway to the Global Financial Crisis trough.
How India’s economy is navigating Covid-19

How India’s economy is navigating Covid-19

As the world begins to come out of lockdowns and economies normalise, India can offer bright spots for emerging market investors.
Macro briefing: German court ruling may reduce ECB firepower

Macro briefing: German court ruling may reduce ECB firepower

The German court ruling poses long-term risks to ECB's flexibility
China’s tourists step out again

China’s tourists step out again

Over 100 million travellers in China hit the road over the five-day May Day holiday, the first big test for tourism since lockdowns started being lifted.

“Just in case” and the case for conditionality

This crisis has shown us that contingency planning is as important as risk mitigation and supply chain optimisation.
Chart Room: What in the world is going on with gold?

Chart Room: What in the world is going on with gold?

The correlation between gold and equities has increased to an 18-month high, calling into question the metal’s usual benefit as a porfolio diversifier.
Fidelity CIO: The income conundrum

Fidelity CIO: The income conundrum

Stable and predictable income streams may become harder to find.
The New Economic Order

The New Economic Order

We believe the Covid-19 crisis will trigger a step-change in policy, accelerate existing trends and transform investment frameworks.
Oil tankers gush profits as global storage space overflows

Oil tankers gush profits as global storage space overflows

Oil tankers are earning windfall profits - but how long can this situation last?
CIO update podcast: International cooperation needed

CIO update podcast: International cooperation needed

CIO Andrew McCaffery on the why a V-shaped recovery is unlikely and why greater international cooperation is needed to avoid long-lasting damage.
ECB: Whatever it takes, a thousand times over

ECB: Whatever it takes, a thousand times over

ECB introduces pandemic emergency refinancing operations.
Macro briefing: Central banks prepare for further action as economic outlook darkens

Macro briefing: Central banks prepare for further action as economic outlook darkens

The Eurozone economy contracted at the fastest rate on record in Q1
Fed holds fire for now, but ready for further action

Fed holds fire for now, but ready for further action

The Fed Reserve made it clear that it is prepared to intervene further if required
Fidelity CIO: Society’s focus on sustainability and resilience to go parabolic

Fidelity CIO: Society’s focus on sustainability and resilience to go parabolic

Fidelity analysis shows companies with higher ESG scores outperformed during the March sell-off.
Chart Room: More policy easing supports China bonds

Chart Room: More policy easing supports China bonds

This week’s Chart Room shows how ample liquidity is helping China’s onshore bond markets navigate around global volatility.
The BOJ expands purchases and eases further

The BOJ expands purchases and eases further

The BOJ expands purchases and eases further

Liquidity briefing: Still on the right track

Liquidity remains on the right track, especially in markets that have benefited from central bank action, but is still lower than pre-coronavirus standards.
A shelter from the storm, for now: China’s bond market set to open further

A shelter from the storm, for now: China’s bond market set to open further

When global fixed income investors scrambled for cover last month, China’s onshore bond market was a rare haven with low volatility and no liquidity crunch.
Macro briefing: ECB relaxes collateral rules to accept junk bonds

Macro briefing: ECB relaxes collateral rules to accept junk bonds

ECB’s decision comes ahead of S&P Global Ratings’ review of Italy’s credit rating
April's Rich Pickings podcast: Where we go from here

April's Rich Pickings podcast: Where we go from here

"I am quite surprised by the optimism of markets," says portfolio manager Jeremy Podger in this month's Rich Pickings.
Chart room: Beauty of big tech stocks is in the eye of the beholder

Chart room: Beauty of big tech stocks is in the eye of the beholder

Our latest Chart Room takes a comparative look at the long run up in the Nasdaq 100 index.
Fidelity CIOs: Dispersion increases as demand effects filter through

Fidelity CIOs: Dispersion increases as demand effects filter through

Investors become more selective as demand shock hits oil price and other sectors.
Oil below zero: bad, but not that bad

Oil below zero: bad, but not that bad

Oil fundamentals are weak - but Monday’s price move should be seen as an outlier.
How to think about dividend cuts

How to think about dividend cuts

A spate of dividend reductions or postponements has raised concerns among investors globally. But not all dividend cuts are created equal.
Macro briefing: Fed extends its reach to support employment

Macro briefing: Fed extends its reach to support employment

The Fed is now using all creative tools at its disposal to mitigate the surge of layoffs in the US.

Liquidity briefing: Further signs of improvement

Central bank measures have helped improve liquidity conditions.
China’s economy is turning the corner after a historically bad GDP contraction

China’s economy is turning the corner after a historically bad GDP contraction

China’s economy is turning the corner after a historically bad GDP contraction
Fidelity CIO: Possible economic scenarios

Fidelity CIO: Possible economic scenarios

Challenges lie ahead for the global economy.
Survival and sustainability

Survival and sustainability

Research into ESG factors and the Feb-March bear market
Chart Room: Fidelity analysts expect longer disruptions from Covid-19

Chart Room: Fidelity analysts expect longer disruptions from Covid-19

Chart Room: Fidelity analysts expect longer disruptions from Covid-19
Outrunning a crisis: Sustainability and market outperformance

Outrunning a crisis: Sustainability and market outperformance

Outrunning a crisis: Sustainability and market performance
Eurozone: Mutual seems to be the hardest word

Eurozone: Mutual seems to be the hardest word

If the current Covid-19 emergency isn’t enough to spur the European Union member states into combining forces on debt, then the question is when.

Fidelity Pulse Survey: The coming solvency squeeze

The global shutdown will put a significant dent in corporate earnings this year, according to 150 Fidelity analysts surveyed this month.
Downgrade risks when zombies become fallen angels

Downgrade risks when zombies become fallen angels

The high yield bond market prepares for an influx of downgraded investment grade debt.
Tenant resilience is key as rental recovery rates fall

Tenant resilience is key as rental recovery rates fall

Real estate investors are fast having to learn that sustainability of cashflow is perhaps just as important, if not more so, than location.

Macro briefing: Clock ticking on further fiscal support

Macro briefing: Clock ticking on further fiscal support

Liquidity briefing: Signs of easing

Liquidity briefing: Signs of easing
Chart room: Japanification and the rise of the widow maker trade

Chart room: Japanification and the rise of the widow maker trade

Chart room: Japanification and the rise of the widow maker trade
Delayed demand making its return to China’s property market

Delayed demand making its return to China’s property market

New home sales are recovering faster than expected in China. This has big implications for domestic demand and the macroeconomic outlook.
Spiking US unemployment could unleash a cascade of systemic risks

Spiking US unemployment could unleash a cascade of systemic risks

The unprecedented rise in US unemployment has the potential to set off a chain of events that could destabilize already fragile markets.
Valuing companies in an economic shutdown

Valuing companies in an economic shutdown

Methods to value companies will have to adapt to the economic shutdown
Crisis drives shift in public/private relationship not seen since WWII

Crisis drives shift in public/private relationship not seen since WWII

State aid for companies is likely to come with conditions attached.

FLI: Consumer pain leads the way

The three-month Fidelity Leading Indicator growth rate is already halfway to the Global Financial Crisis trough.
EU’s €1 trillion Green Deal could aid post-crisis recovery

EU’s €1 trillion Green Deal could aid post-crisis recovery

The EU's Green Deal faces political and financial challenges, but the direction of travel is clear.

Liquidity briefing: A long way from normal

Despite some stabilisation, liquidity levels still remain far from satisfactory
Podcast: Positioning for a post-pandemic world

Podcast: Positioning for a post-pandemic world

"We're going to be in an environment with a much more purpose-driven corporate sector," says Chief Investment Officer for Asia Pacific Paras Anand.
Fidelity CIO Podcast: Finding value and income

Fidelity CIO Podcast: Finding value and income

Opportunities for value and income as volatility lessens.
Strong underpinnings to Asia’s investment grade bond market

Strong underpinnings to Asia’s investment grade bond market

Asia’s investment grade bond market looks attractive as we continue working through the Covid-19 outbreak, and global coordinated stimulus take effect.
Macro briefing: Data weak as new measures keep coming

Macro briefing: Data weak as new measures keep coming

Macro briefing: Data weak as new measures keep coming
Chart room: Governments open their fiscal taps

Chart room: Governments open their fiscal taps

Doing "whatever it takes".
The view from Hong Kong

The view from Hong Kong

Corporate China’s path as it emerges from economic lockdown may point the way for the rest of the world.
What recent market moves imply about the US economic outlook

What recent market moves imply about the US economic outlook

We take a look at 20 years of data to estimate the hit to the US economy being priced in by equity and credit markets.
Finding opportunities in fixed income markets

Finding opportunities in fixed income markets

Dislocations in credit valuations present an opportunity for active managers to add exposure selectively in specific areas.
Fidelity CIOs: A new paradigm

Fidelity CIOs: A new paradigm

The Covid crisis is accelerating changes already underway.
Inflation expectations close to nadir

Inflation expectations close to nadir

Low Inflation expectations mean breakevens nolw look attractively priced

Liquidity briefing: Spread levels improve

A market liquidity update from the Fixed Income team at Fidelity
Chart room: The dash for dollars

Chart room: The dash for dollars

Currency basis swap rates reflect dollar liquidity squeeze.
Market distortions could provide opportunities for long-term investors

Market distortions could provide opportunities for long-term investors

Market volatility is throwing up opportunities for long-term investors in companies and sectors which are expected to survive the current crisis.
Macro briefing: Heavyweight policies launched but more may be required

Macro briefing: Heavyweight policies launched but more may be required

Macro briefing: Heavyweight policies launched but more may be required
Analysing the shift from bad to less bad

Analysing the shift from bad to less bad

The stimulus to fight the economic shutdown in the wake of the coronavirus is second only to the Marshall Plan following the Second World War.
Not business as usual

Not business as usual

Global health, monetary and fiscal policy are converging to triage the worst impacts of the Covid-19 coronavirus outbreak, but they come with a cost.
A cautious consumer rebound takes hold in China

A cautious consumer rebound takes hold in China

Chinese consumers are offering a ray of hope in the economic wreckage from the Covid-19 coronavirus
Massive US fiscal package needs effective implementation

Massive US fiscal package needs effective implementation

A rescue package for ‘Main Street’ has been agreed. This far-reaching deal unlocks funds to support the US economy, but implementation is crucial.
Fidelity CIOs: Dollar devaluation could be the end game from Fed actions

Fidelity CIOs: Dollar devaluation could be the end game from Fed actions

Fiscal and monetary stimulus could weaken the dollar and be inflationary.
China and its neighbours reboot supply chains

China and its neighbours reboot supply chains

As China’s economy emerges from lockdown, activity across Asia’s sprawling network of factories, ports and logistics hubs is picking up.
Tackling liquidity challenges in equity and bond markets

Tackling liquidity challenges in equity and bond markets

Despite recent central bank action, market liquidity is expected to be tight in the near term while volatility remains high.
Fed unleashes unprecedented QE, but unclear if Congress will act soon enough

Fed unleashes unprecedented QE, but unclear if Congress will act soon enough

The Fed has launched QE infinity, committing to unlimited purchases of government bonds and mortgage backed securities.
Fidelity CIOs on market conditions and whether policy action is enough

Fidelity CIOs on market conditions and whether policy action is enough

Flat is becoming the new up.
Bolder Fed action needed to restore market confidence

Bolder Fed action needed to restore market confidence

The Fed needs to increase the size and scope of its existing QE programme.
Recession is here - how bad will it be?

Recession is here - how bad will it be?

Recession is here - how bad will it be?
European IG: With volatility comes opportunity, but discipline is key

European IG: With volatility comes opportunity, but discipline is key

Recent price dislocations means the long run return potential of European investment grade bonds is positive, but prepare for continued volatility
Coronavirus and the new reality

Coronavirus and the new reality

How should markets navigate the new reality of economic shutdown due to the coronavirus?
Why the coronavirus crisis is more like 1918 than 2008

Why the coronavirus crisis is more like 1918 than 2008

Why the coronavirus crisis is more like 1918 than 2008
Ways to navigate volatile markets

Ways to navigate volatile markets

Protection in the form of safe haven assets, portfolio diversification and volatility insurance will be increasingly important for investors
Bank of Japan’s coordinated easing signals more proactive asset purchases

Bank of Japan’s coordinated easing signals more proactive asset purchases

Today’s move by the Bank of Japan to boost asset purchases underscores a globally coordinated effort by central banks to contain the coronavirus fallout.
Three long-term calls

Three long-term calls

Here are three big themes that are likely to persevere through the current volatility and rotation in market leadership.
The Fed reaches for the entire arsenal

The Fed reaches for the entire arsenal

The Fed reaches for the entire arsenal
March's Rich Pickings podcasts: CIOs and portfolio managers on navigating stormy markets

March's Rich Pickings podcasts: CIOs and portfolio managers on navigating stormy markets

March's Rich Pickings podcasts: CIOs and portfolio managers on navigating stormy markets

First featured in: Coronavirus, the oil crash and market volatility

Fidelity analysts say China will lead recovery from virus

Fidelity analysts say China will lead recovery from virus

Fidelity analysts say China will lead recovery from virus
Limited correction likely in European real estate

Limited correction likely in European real estate

Limited correction likely in European real estate
China gets back to business

China gets back to business

How fast and how fully activity recovers in China will have huge implications for one of the world’s key economic growth engines.

First featured in: Coronavirus, the oil crash and market volatility

Fed dusts off crisis playbook with massive liquidity injection

Fed dusts off crisis playbook with massive liquidity injection

Ultra-low interest rates and asset purchases will be with us for a long time yet.
ECB: Not another “whatever it takes” moment, but a smart move nonetheless

ECB: Not another “whatever it takes” moment, but a smart move nonetheless

The ECB unveiled a targeted stimulus package but kept rates unchanged.
As gold’s surge draws wider interest, miners shine too

As gold’s surge draws wider interest, miners shine too

Gold's lustre is also rubbing off on the companies that dig it up from the ground.

First featured in: Coronavirus, the oil crash and market volatility

Fidelity CIOs on the response needed to stabilise the markets

Fidelity CIOs on the response needed to stabilise the markets

Fidelity CIOs on the response needed to stabilise the markets following coronavirus and oil shocks

First featured in: Coronavirus, the oil crash and market volatility

Will ECB's Lagarde reach for the bazooka to avoid European liquidity crisis?

Will ECB's Lagarde reach for the bazooka to avoid European liquidity crisis?

Tomorrow Christine Lagarde, head of the ECB, gets her chance to calm markets. Will she reach for the bazooka?
Oil price war set to escalate

Oil price war set to escalate

The oil price war between Russia and Saudi Arabia is still in escalation mode - and things could get worse before they get better.

First featured in: Coronavirus, the oil crash and market volatility

UK Treasury and BOE unveil ‘comprehensive’ stimulus package to combat virus effects

UK Treasury and BOE unveil ‘comprehensive’ stimulus package to combat virus effects

BOE and Treasury action on the same day signals the policymakers’ preparedness to respond.

First featured in: Coronavirus, the oil crash and market volatility

FLI: Consumer confidence holds up amid broad-based slowdown

For the first time in two years the Fidelity Leading Indicator cycle tracker signals both below-trend growth and deceleration.
Cool Heads: Fidelity CIOs on oil crash, volatility and what's next

Cool Heads: Fidelity CIOs on oil crash, volatility and what's next

Managing liquidity is key.

First featured in: Coronavirus, the oil crash and market volatility

Your move, governments

Your move, governments

Markets are reacting to two shocks in one day: an oil price drop and coronavirus risk. They form a clear catalyst for fiscal policy action.
Ask the Analysts: How are your companies dealing with Coronavirus?

Ask the Analysts: How are your companies dealing with Coronavirus?

As the business impact of Coronavirus grows, Fidelity analysts describe the level of preparedness that they are observing amongst their companies.

First featured in: Coronavirus, the oil crash and market volatility

A supply and demand shock for oil markets

A supply and demand shock for oil markets

Expectations of a demand shock due to the Covid-19 coronavirus collided with an anticipated supply surge after OPEC+ had a major fallout over production cuts.
Fundamentals podcast: Tesla, VW, and the big electric bet

Fundamentals podcast: Tesla, VW, and the big electric bet

As Tesla and Volkswagen make big pushes to bring electric vehicles to the mass market we ask whether 2020 is the year EVs finally put their foot to the floor.
Markets to focus on a narrower field in US presidential race

Markets to focus on a narrower field in US presidential race

Markets to focus on a narrower field in US presidential race
Fed's emergency cut is a strong signal to markets

Fed's emergency cut is a strong signal to markets

The US Federal Reserve has issued an emergency 50bps cut to allay coronavirus fears ahead of its monetary policy meeting in March.
Coronavirus: Seven themes to watch in bond markets

Coronavirus: Seven themes to watch in bond markets

Ways to judge how long this episode may last.
Coronavirus: will there be a global recession?

Coronavirus: will there be a global recession?

Market expectations of intervention remain high.
A Billy Beane guide to markets

A Billy Beane guide to markets

A Billy Beane guide to markets
Outbreak deepens China’s e-commerce push

Outbreak deepens China’s e-commerce push

While the coronavirus threatens to put a dent in China’s overall growth, pockets of the online economy are booming.
February's Rich Pickings podcast: Coronavirus - the view from China

February's Rich Pickings podcast: Coronavirus - the view from China

"Unorthodox policy may have to meet an unorthodox situation," says head of fixed income in Asia, Bryan Collins, in this month's Rich Pickings.
Europe catches coronavirus: Inside the market sell-off

Europe catches coronavirus: Inside the market sell-off

European equity and debt markets flipped from exuberance to pessimism after the coronavirus spread to Northern Italy.
Markets flash volatility on, risk off, but pockets of resilience remain

Markets flash volatility on, risk off, but pockets of resilience remain

Risk assets extended their recent selloff, but amid the renewed volatility are some areas of unexpected outperformance.
How to avoid the bond 'greenium'

How to avoid the bond 'greenium'

The recent rush for green bonds has often made them more expensive than ordinary bonds, despite offering the same returns.
When the playbook stops working

When the playbook stops working

Why did markets wait so long to sell off in the wake of the Covid-19 coronavirus outbreak?
Cool Heads: Coronavirus hits global markets

Cool Heads: Coronavirus hits global markets

Amit Lodha and Judith Finegold discuss the emerging investment implications as the coronavirus spreads beyond Asia to Europe and the Middle East.
White paper: Active share and index concentration

White paper: Active share and index concentration

We examine active share, and assess how its value as a tool for evaluating portfolios and investment managers can vary with the underlying benchmark index.
How to navigate China's economic lockdown

How to navigate China's economic lockdown

The Covid-19 coronavirus outbreak has delivered an exogenous shock to China’s economy, one that has ramifications for global growth.
Covid-19: The impact on supply chains

Covid-19: The impact on supply chains

The outbreak of a novel coronavirus from China, known as Covid-19, is putting pressure on supply chains across multiple sectors.
The Investor's Guide to China podcast: Environment

The Investor's Guide to China podcast: Environment

Fidelity's China and sustainability experts put the country's environmental record and ambitions under the investment lens.
A growing chasm

A growing chasm

Optimism over a trade truce between the US and China is premature. Investors should be prepared for divergence in key areas.
Market volatility spikes on coronavirus impact

Market volatility spikes on coronavirus impact

How should investors respond to the uncertainty caused by the coronavirus outbreak, and the volatility it may create?

Fidelity Leading Indicator signals slowing global growth as coronavirus impact looms

The economic impact of the novel coronavirus outbreak is only just beginning to be captured by the latest FLI reading.
Coronavirus: the impact on our global economic outlook

Coronavirus: the impact on our global economic outlook

Global growth shock in a world of limited policy tools.
Cool Heads: Coronavirus

Cool Heads: Coronavirus

Markets respond to liquidity injection, but longer-term impact remains unclear.
China’s financial support targets second-order fallout from coronavirus

China’s financial support targets second-order fallout from coronavirus

China’s healthcare workers have been struggling to contain the spread of coronavirus. Now, policymakers are grappling with the second-order financial effects.
January's Rich Pickings podcast: Counting the cost of a pandemic

January's Rich Pickings podcast: Counting the cost of a pandemic

"I think concern is right, I'd avoid hysteria; we need to ground ourselves in the data," says Director of Equities Terry Raven in this month's Rich Pickings.
Coronavirus: Sector impacts and lessons from SARS

Coronavirus: Sector impacts and lessons from SARS

Online businesses typically faring better than offline.
BOE shies away from insurance cut and prays for sustainable growth

BOE shies away from insurance cut and prays for sustainable growth

The BoE held rates at its first meeting of the new year and its last before the UK leaves the EU
Fed prolongs expansion for those left behind

Fed prolongs expansion for those left behind

Fed funds rate remains unchanged amid strong labour market.
Coronavirus impact: Fund manager views from Asia

Coronavirus impact: Fund manager views from Asia

Our fund managers give their views on the possible short- and long-term implications of this outbreak for investors.
ECB’s Strategic Review gives investors plenty to think about

ECB’s Strategic Review gives investors plenty to think about

The ECB held interest rates steady, but the focus of the meeting was on the announcement of its new Strategic Review.
Putin's succession problem

Putin's succession problem

Russia's unexpected change of government highlights Putin's succession problem
US China Phase 1: Apocalypse Postponed

US China Phase 1: Apocalypse Postponed

'Phase 1’ of the US- China trade pact reveals no credible path forward, so instead the two sides have chosen to stand still
Investment Outlook Q1 2020: Slowing but going

Investment Outlook Q1 2020: Slowing but going

Overall, 2020 looks to be a story of growth stabilisation rather than big acceleration and it displays the signs of the final stages of a bull market.

Fidelity Leading Indicator: Still strong but approaching the limit

The Fidelity Leading Indicator's acceleration is circling back towards zero after a period of strong improvement.
Small could be beautiful, as mega caps overreach

Small could be beautiful, as mega caps overreach

Small could be beautiful, as mega caps overreach
Sterling investment grade set to outperform US/Euro bonds

Sterling investment grade set to outperform US/Euro bonds

With reduced political uncertainty, fundamental credit considerations will once again frame returns for the sector.
ESGenius: What sustainability investors can learn from European consumer staples

ESGenius: What sustainability investors can learn from European consumer staples

ESG principles have long been an integral part of how many European consumer staples companies are run, but it wasn’t always this way.
Fundamentals podcast: The battle for 5G (and what else we learned in Silicon Valley)

Fundamentals podcast: The battle for 5G (and what else we learned in Silicon Valley)

Fresh from Silicon Valley, Fidelity International reveals what 5G technology promises and why it's become a battleground of national importance
December's Rich Pickings podcast: Politics and the portfolio

December's Rich Pickings podcast: Politics and the portfolio

"We need to be very careful to understand the impact of politics on companies," says portfolio manager Amit Lodha in this month's Rich Pickings.
Fidelity International on Asset TV - Asia Fixed Income

Fidelity International on Asset TV - Asia Fixed Income

Luc Froehlich, Global Head of Investment Directing Fixed Income, features on this Asia Fixed Income Masterclass panel.
Fidelity International on Asset TV - Asia Outlook

Fidelity International on Asset TV - Asia Outlook

Dhananjay Phadnis, Portfolio Manager, Fidelity Emerging Asia Fund, features on Asia Outlook Masterclass panel.
Beyond the rotting soybeans of the US and China trade dispute

Beyond the rotting soybeans of the US and China trade dispute

Looking at the big picture on global protectionism
Cool Heads: UK election result positive for markets, but not a game changer

Cool Heads: UK election result positive for markets, but not a game changer

The Conservatives have won the UK election, making Brexit more likely. Markets have rallied on the news, but longer-term implications remain unclear.
Does the UK election outcome matter for global markets?

Does the UK election outcome matter for global markets?

Does the UK election outcome matter for global markets?
Lagarde brings her “own style” to the ECB

Lagarde brings her “own style” to the ECB

Lagarde kept policy unchanged at the ECB
Rates unchanged as Fed engineers soft landing

Rates unchanged as Fed engineers soft landing

The Federal Reserve leaves rates unchanged as Chairman Jerome Powell says US economy is 'in a good place'

Fidelity Leading Indicator: Marginal cooling but still positive

The global economy is still expected to grow into 2020, but at a subdued pace
Emerging market debt in the 2020s: Green trade wars and a land of opportunity

Emerging market debt in the 2020s: Green trade wars and a land of opportunity

What will the next decade bring for emerging market debt investors?
Sustainable investors should wake up to companies in transition

Sustainable investors should wake up to companies in transition

To meet global emissions targets, we need an inclusive approach that offers the right incentives. That means embracing companies transitioning to low carbon.
Cool Heads: Investors are getting climate change wrong

Cool Heads: Investors are getting climate change wrong

Assessing a portfolio's climate pathway, rather than its emissions relative to a benchmark, should help reduce overall emissions.
ESGenius: Regulation bites the tech giants, but does it have teeth?

ESGenius: Regulation bites the tech giants, but does it have teeth?

It remains uncertain whether this amounts to a real change in the way companies use data, or if these changes are only being implemented to appease regulators.
China needs a trade deal more than the US

China needs a trade deal more than the US

Given the mixed economic indicators, it is China - and not the US - that could do with the fiscal and sentiment boost that a trade deal would deliver.
Trade wars supercharge China’s drive to tech self-sufficiency

Trade wars supercharge China’s drive to tech self-sufficiency

The trade war with the US is driving China to double down on strengthening its tech infrastructure and building self-sufficient supply chains.

Fidelity Leading Indicator: Keeping the dream alive

The FLI is keeping the dream of a solid acceleration into 2020 alive, and points to the worst being in the rear-view mirror.
No man is an island: The new scarcity

No man is an island: The new scarcity

The world today is faced with a pair of contradictory terrors: the economic fear that growth will soon come to an end, and the ecological fear that it will not

Global GEARs whisper stabilisation

Our global proprietary Gauges of Economic Activity in Real-Time (GEARs) are starting to appear convincing in their stabilisation.
November's Rich Pickings podcast: Outlook 2020 special

November's Rich Pickings podcast: Outlook 2020 special

This month, Rich Pickings gathers Fidelity's Chief Investment Officers to ask them what investors should be watching for in 2020.

First featured in: Outlook 2020: Soft landing, earnings returning

Silver linings for European high yield despite coupon erosion

Silver linings for European high yield despite coupon erosion

High yield investors are still getting compensated relative to other assets and low rates have allowed for easier refinancing and improved issuer liquidity.
China's Singles Day ecommerce extravaganza is pushing offline

China's Singles Day ecommerce extravaganza is pushing offline

China's Singles Day is now targeting more online/offline integration and deeper penetration of lower-tier cities
China stimulus takes aim

China stimulus takes aim

We think China's policymakers will focus on more targeted stimulus measures with more localised impact, like this week’s cut to a key policy rate.
The fourth automation wave will be ‘Made in China’

The fourth automation wave will be ‘Made in China’

China is set to lead the world in automation developments, because it has lots of data and the means to leverage it.
Labour shortages and ageing populations create opportunities for Japan's tech firms

Labour shortages and ageing populations create opportunities for Japan's tech firms

Japan's technology sector offers companies that can grow across cycles by capitalising on labour shortages and other structural changes.
UK high yield turns a corner as no-deal Brexit worries fade

UK high yield turns a corner as no-deal Brexit worries fade

UK high yield bonds - which have been shunned by investors in recent years - look increasingly attractive.
October's Rich Pickings podcast: Central banks 'running out of road'

October's Rich Pickings podcast: Central banks 'running out of road'

"Regions which have been beaten down could see some positive momentum," says Lead Cross-Asset Strategist Wen-Wen Lindroth in October's Rich Pickings.
Cool Heads: Romain Boscher and Marty Dropkin on earnings and consumer strength

Cool Heads: Romain Boscher and Marty Dropkin on earnings and consumer strength

Romain Boscher and Marty Dropkin discuss discuss the rebound in earnings and the divergence between manufacturing and consumer strength.

Bank of Japan holds its firepower but stresses it is poised to fight if needed

Bank of Japan holds its firepower but stresses it is poised to fight if needed
Fed cuts again but stays mute on future path

Fed cuts again but stays mute on future path

The US Fed cut rates by 25 basis points, the third cut this year. This week's meeting was hotly anticipated for any clues as to the further path of rates.
Low bond yields are here to stay, even if fiscal stimulus returns

Low bond yields are here to stay, even if fiscal stimulus returns

Even if fiscal stimulus makes a return, we think low bond yields will stay because of central bank action and late-cycle effects
Cool Heads: Another cut expected from the Federal Reserve

Cool Heads: Another cut expected from the Federal Reserve

The Federal Reserve is expected to cut rates for the third consecutive time this year.
European Central Bank: Goodbye Mario, good luck Christine

European Central Bank: Goodbye Mario, good luck Christine

ECB leaves rates unchanged at Draghi's final meeting.
Cool Heads: Ian Samson and Andrea Iannelli on growth and inflation

Cool Heads: Ian Samson and Andrea Iannelli on growth and inflation

Ben Deane sets out what’s been driving inflation, Ian Samson explains his outlook for the coming months and Andrea Iannelli examines what it means for markets.

Impact scenarios for Asia’s own trade standoff: Japan and South Korea

An ongoing dispute between Japan and South Korea could have wider ripples across the global supply chain.
The Investor's Guide to China podcast: Corporate governance

The Investor's Guide to China podcast: Corporate governance

The Investor's Guide to China podcast: Corporate governance
Cool Heads: where next for sterling?

Cool Heads: where next for sterling?

Tim Foster says the pound could benefit from a more positive UK outlook.

Global GEAR suggests economy remains on weak footing

Our proprietary Gauges of Economic Activity in Real-Time (GEAR) is flat but there is plenty of divergence at the individual country level.
Cool Heads: Bill McQuaker and Charlotte Harington on geopolitical risk

Cool Heads: Bill McQuaker and Charlotte Harington on geopolitical risk

Bill McQuaker and Charlotte Harington discuss the rise of geopolitical uncertainty and what investors can do to combat it.
Cool Heads: Alex Wright on UK equities beyond Brexit

Cool Heads: Alex Wright on UK equities beyond Brexit

Portfolio manager Alex Wright talks about how UK companies are faring amid Brexit uncertainty and the impact on corporate earnings
Further Fed easing could create opportunities in credit

Further Fed easing could create opportunities in credit

As the Fed eases, credit investors should prepare for widening spreads that offer better entry points, increasing their odds of producing excess returns.
Cool Heads: Fidelity CEO Anne Richards on Brexit and fragmentation

Cool Heads: Fidelity CEO Anne Richards on Brexit and fragmentation

Watch our new series Cool Heads, in which Fidelity investors cut through the noise to focus on what really matters.
Hunting for yield in frontier markets: Egypt

Hunting for yield in frontier markets: Egypt

When smaller frontier markets mature into benchmark names, early investors can earn attractive returns in these relatively niche, often overlooked places.
Negative interest rates: a bold but dangerous experiment

Negative interest rates: a bold but dangerous experiment

In an environment of negative interest rates, it could be growth companies not negative yielding bonds, which are the 'safe' investment choice.

FLI: Surprisingly upbeat into Q4

The Fidelity Leading Indicator (FLI) showed firm improvement in September
Investment Outlook Q4 2019: Bending, not breaking

Investment Outlook Q4 2019: Bending, not breaking

The Investment Outlook is our flagship quarterly outlook publication that outlines our views on all the major asset classes and details the 'house view'.
Mounting risks in 2020, despite central banks’ best efforts

Mounting risks in 2020, despite central banks’ best efforts

Mounting risks in 2020, despite central banks’ best efforts. Investors should be ready in case as the macroeconomic and political environments evolve.
Timing of Trump impeachment could further weaken global economy

Timing of Trump impeachment could further weaken global economy

Trump's impeachment comes as the latest ISM data shows US manufacturing firmly in contraction territory.
Volatility is a double-edged sword that investors can’t live without

Volatility is a double-edged sword that investors can’t live without

A better understanding of volatility and its role in portfolios can help investors to position themselves for any turbulence ahead.
What Warren Buffett gets wrong about gold

What Warren Buffett gets wrong about gold

Contrary to Warren Buffett’s complaints about gold, it’s constantly offering useful insights if you look closely enough.
China tiptoes down easing street with rate reform

China tiptoes down easing street with rate reform

While the Fed and ECB are signaling more rate cuts and quantitative easing to come, China’s central bank has been taking a more cautious approach.
September's Rich Pickings podcast: The question of corporate profits

September's Rich Pickings podcast: The question of corporate profits

"Profits growth has been more anaemic than the market thinks. I find that troubling," says portfolio manager Bill McQuaker in this month's Rich Pickings.
Pushing against the tide

Pushing against the tide

Reports the Trump administration is considering restricting US portfolio flows to China are a cause for concern but would be a challenge to implement.
ESGenius: Will flight shame take off?

ESGenius: Will flight shame take off?

If flight shame spreads from Sweden to the rest of Europe, it could be a big ESG problem for arlines
India’s tax cut hits the reset button

India’s tax cut hits the reset button

We believe India’s domestic demand-driven structural growth story continues to provide compelling opportunities for long-term investors.

Global GEARs suggest stable and subdued activity, now near levels of recent troughs

Our Global GEAR, an unweighted average across all countries, nudged higher and is now dead flat year-to-date.
BOE holds steady but case for rate cut is compelling

BOE holds steady but case for rate cut is compelling

The Bank of England (BoE) left rates unchanged but the case for an 'insurance cut' is compelling in the face of weak growth and Brexit uncertainty.
Bank of Japan holds fire ahead of sales tax increase, but strikes a more dovish tone

Bank of Japan holds fire ahead of sales tax increase, but strikes a more dovish tone

The BOJ held steady and said it would pay “closer attention” to economic momentum and review economic and price trends at the next monetary policy meeting.
Fed cuts by another 25 bps, but a cut doesn't cut it anymore

Fed cuts by another 25 bps, but a cut doesn't cut it anymore

The 25 bps rate cut was widely expected, so markets should be relatively unmoved.
Momentum reverses, but is value back?

Momentum reverses, but is value back?

Last week’s reversal saw the most crowded quality-growth names sell off and the much unloved value stocks outperform the market.
ECB’s QE: Not enough to boost Eurozone bond markets

ECB’s QE: Not enough to boost Eurozone bond markets

Modest size of ECB's new QE programme will be too inadequate to support the broader Eurozone government and corporate bond markets.
Risk premium rises after attack on Saudi oil hobbles global supply

Risk premium rises after attack on Saudi oil hobbles global supply

US sanctions on Iran could be more severe.
The Investor's Guide to China: Stock picking

The Investor's Guide to China: Stock picking

China's businesses operate in a unique environment and understanding that matrix is imperative to those hoping to identify the best companies for investment.

First featured in: How should I allocate to China?

ECB fires an 'open-ended' salvo

ECB fires an 'open-ended' salvo

The ECB announced a wide-ranging 'easing' package, including a rate cut and a restart of its QE programme.

FLI: Another solid month indicates that global recession fears are overblown

Our Fidelity Leading Indicator boosts hopes that the worst is firmly behind us, and that the next move in global growth will be to the upside.
Despite macro challenges, pockets of resilience in Chinese corporate earnings

Despite macro challenges, pockets of resilience in Chinese corporate earnings

Some bright spots in recent earnings reports suggest interesting opportunities
Room for upside for next Argentinian government

Room for upside for next Argentinian government

The next government could surprise to the upside as many tough political decisions have already been taken.
Sterling could weaken further, but main risks may lie beyond Westminster

Sterling could weaken further, but main risks may lie beyond Westminster

UK unlikely to be immune to external macro risks.
Volatility could create opportunities to buy high-quality cyclicals

Volatility could create opportunities to buy high-quality cyclicals

Investors should consider rotating away from overbought defensive assets into largely-ignored cyclical growth stocks.
A fork in the road for US corporates

A fork in the road for US corporates

Capital allocation priorities need to evolve to match new corporate purpose.
Fed Chair Powell strikes the right balance at Jackson Hole

Fed Chair Powell strikes the right balance at Jackson Hole

Probability of December rate cut has increased.

Grit in the GEARs, but global economy not grinding to a halt

Some grit in the GEARs persists, especially in Europe and some emerging markets, but the global economy has yet to grind to a halt.
Fed’s broken policy dial could benefit Asia investors

Fed’s broken policy dial could benefit Asia investors

Political pressure on the Fed to cut rates is only likely to increase.
US yield curve inverts for first time since 2008, but recession not imminent

US yield curve inverts for first time since 2008, but recession not imminent

While our fixed income team does not expect an imminent recession, the case for further rate cuts in the US is getting stronger and weighing on US yields.
Primary election result in Argentina may reverse business-friendly policies

Primary election result in Argentina may reverse business-friendly policies

Macri's shock defeat could trigger contagion to other Latin American economies.
Another hot summer for Italian assets

Another hot summer for Italian assets

After several months of relative calm and a strong performance, Italian assets have again come under pressure amid political turmoil.

FLI: An 'uneasy' economic stabilisation ahead

The FLI suggests that even with the impending tariff escalation, we are far from a global recession
Gold glitters amid equity market sell-off, and still has room to run

Gold glitters amid equity market sell-off, and still has room to run

We expect gold's status as a traditional safe haven will continue to support the price or even drive it higher.
ESG Ratings: Who’s driving?

ESG Ratings: Who’s driving?

By creating our own ESG ratings we can do analysis to confirm findings, fill in blanks and correct misconceptions, uncovering opportunities in the process.
Trade war tit-for-tat escalates: Views from the investment desk

Trade war tit-for-tat escalates: Views from the investment desk

Volatility has returned to global financial markets following the latest developments in the ongoing trade spat between the US and China.
Is seven an unlucky number for China’s currency?

Is seven an unlucky number for China’s currency?

China’s renminbi weakened past the seven per US dollar mark for the first time in more than ten years.
Trump ratchets up US-China trade war with new tariffs

Trump ratchets up US-China trade war with new tariffs

Donald Trump announced on Twitter this week that he plans to add new import tariffs on $300 billion of Chinese-made products
BoE: Holds rates steady amid Brexit uncertainty

BoE: Holds rates steady amid Brexit uncertainty

We expect the Bank of England to cut rates by 25 bps by year-end
Fed opens the door to a further reduction as it makes 25 bps 'insurance' cut

Fed opens the door to a further reduction as it makes 25 bps 'insurance' cut

After hiking nine times in the past four years, the Fed has reversed course
If ESG regulations can’t keep up, we must make the rules

If ESG regulations can’t keep up, we must make the rules

Political polarisation is increasing and this is blocking the development of ESG guidelines. As a result, companies and investors should step in.

The grand strategy behind the US-China ‘soap opera’

The US-China trade war features a cast of colourful characters. But behind the spat lies a bigger battle for global economic supremacy.
ECB signals further cuts and a new round of QE in September

ECB signals further cuts and a new round of QE in September

The dovish outlook, coupled with prospects of a further stimulus, is expected to fuel the demand for yield that we have seen so far this year.
Investment Outlook Q3 2019: A delicate balance

Investment Outlook Q3 2019: A delicate balance

The Investment Outlook is our flagship quarterly outlook publication that outlines our views on all the major asset classes and details the 'house view'.
Fundamentals podcast: Consumer staples and the risky business of defensive stocks

Fundamentals podcast: Consumer staples and the risky business of defensive stocks

Fidelity's investment research podcast questions the defensiveness of the consumer staples sector after a decade of cheap debt has transformed balance sheets.

Decades of loose policy have left us in uncharted territory

Driven by loose monetary and fiscal policies, leverage is enormous and market dislocations numerous - anything could happen from here.
July's Rich Pickings podcast: The spectre of inflation

July's Rich Pickings podcast: The spectre of inflation

"A return to inflation worries me ... both sides of a balanced portfolio are going to get hurt," says David Buckle in this month's Rich Pickings.
Seeing red: How long can the iron ore rally last?

Seeing red: How long can the iron ore rally last?

Seeing red: How long can the iron ore rally last?
New British PM: Where next for Brexit?

New British PM: Where next for Brexit?

This period may go down as one of the all-time best opportunities to invest in UK equities.
A shooting star over Shanghai

A shooting star over Shanghai

Shanghai’s new sci-tech Star Market got off to a sparkling debut, but the real lustre for long term investors will be in the deeper market-based reforms
Solving the plastics problem by engaging with chemical companies

Solving the plastics problem by engaging with chemical companies

Sustainability engagements with chemical companies should focus on how acting in the best interests of the environment can also drive value creation.

ESG: Focus on the ‘G’ and the rest will follow

Most companies with good ‘E’ and ‘S’ practices have strong governance but it's rare to see firms with poor governance uphold high ‘E’ and ‘S’ standards.

GEARs: Lower for (how much) longer?

Our GEARs have slipped back, reversing the improvement seen in the second quarter.
Gold still has space to shine on

Gold still has space to shine on

We see more upside for gold, thanks to a potent cocktail of falling interest rates, rising long term inflation expectations and heightening recession concerns.

China data improves but nascent recovery could halt further stimulus

Although the latest GDP figures show the worst may be behind us, there is no room for policy complacency.
Currency risk in pan-European real estate

Currency risk in pan-European real estate

Why it matters and where the unexpected dangers lie.

Fidelity Leading Indicator: Clinging to optimism

Our FLI cycle tracker indicates the global economy is past the worst

Is the end of globalisation the end of global investing?

Equities Portfolio Manager Amit Lodha shares his insights on the challenges to globalisation and the implications for investors in global equities.

China’s hunger for 17m tons of pork benefits Brazil

China may have to import up to 17 million tons of pork to fill a production gap caused by African Swine Fever.

Outlook bullish for short-term oil prices after surprise OPEC supply cuts

Brent crude oil to trade in the upper half of the $60-80 range for the rest of the year

With US-China trade talks back on track, investors’ focus turns to China economy

With US-China trade talks back on track, investors’ focus turns to China economy

ECB’s QE 2.0: Too much euphoria, too soon?

The current market euphoria around QE 2.0 and its expected impact on spreads might be misplaced.

US-China G20 trade talks: “Back on track” to destination unknown

US-China G20 trade talks: “Back on track” to destination unknown

Should investors hedge against big market moves now?

With all the uncertainty about the global economic outlook, investors ask whether it's time to add protection against volatility to their portfolios.

Central banks keep the show on the road, for now

Equity and bond markets don’t agree on what we should expect for the second half of the year. How should investors position in light of these mixed signals?
Active engagement can help passive investors: A new model in Japan

Active engagement can help passive investors: A new model in Japan

Passive investors can benefit from the expertise of an active manager. Fidelity targets companies that are index components to create value.
US-China trade wars: What to expect from the G20

US-China trade wars: What to expect from the G20

US President Donald Trump and China’s President Xi Jinping are expected to hold an informal meeting at the G20 Summit in Osaka, Japan on June 28-29.

China bank shares tumble on US ruling that could trigger penalties

Shares declined on news that linked three Chinese banks to a US judge’s finding of contempt of court in a case related to North Korean sanctions violations.

Fed flashes easing signals

The Federal Reserve kept rates on hold as expected and also signaled that cuts - not hikes - are around the corner, amid signs of weakening economic activity.

Draghi’s dovish speech signals further central bank easing

The case for immediate easing by the Fed is however weak.

Central bank fears, calmer GEARs?

Our proprietary Gauges of Economic Activity in Real-Time (GEARs) show the latest Global GEAR looks stable and decently above its recent lows.
Tech and Trump’s China tariffs: Counting the costs to global supply chains and consumer demand

Tech and Trump’s China tariffs: Counting the costs to global supply chains and consumer demand

Tech and Trump’s China tariffs: Counting the costs to global supply chains and consumer demand
June's Rich Pickings podcast: Trade tensions - the damage

June's Rich Pickings podcast: Trade tensions - the damage

"There are clear binary downside risks that could be quite big given valuations,” says CIO of Multi Asset James Bateman in this month's Rich Pickings.
The Investor's Guide to China podcast: Opening Up

The Investor's Guide to China podcast: Opening Up

Travel deep into China's economy with Fidelity's investment experts. Hear how they're navigating its markets to uncover opportunities and avoid the pitfalls.

How to spot red flags when selecting managers

On the multi-asset team, we adhere to some key rules that help mitigate the risks of investing in actively managed funds.
Pick your poison

Pick your poison

Some investors in environmental projects think that simply investing in securities with a ‘green’ label is enough to fulfil climate mandates. That’s not true.

Fidelity Leading Indicator: Stronger data indicate a recovery

Improvement in global growth has been reassuringly broad-based

ECB takes a slightly more hawkish tone

The central bank however pushed back raising rates until at least mid-2020.

The CEO’s sustainability dilemma

The primacy of the shareholder is being challenged in the boardroom
In Baoshang Bank takeover, China takes aim at moral hazard

In Baoshang Bank takeover, China takes aim at moral hazard

The recent move by regulators in China to take over Baoshang Bank marks a significant event in the development and liberalisation of China’s capital markets.
Teaming up in Asia to target coal financing

Teaming up in Asia to target coal financing

Teaming up with other asset managers in Asia has helped change the behaviour of banks financing coal projects

A bottom-up approach to factor investing in corporate bonds

An introduction to Fidelity's ground-breaking approach to factor investing in fixed income
China property: Houses are for living in, not for speculation

China property: Houses are for living in, not for speculation

A cross-asset analysis shows China’s property sector faces demographic headwinds, but opportunities exist thanks to improved liquidity and diverging policy.

Renewed trade tensions buck the rally

Policy action is now driving market sentiment
After European elections, finding consensus amid fragmentation

After European elections, finding consensus amid fragmentation

European elections: the populist wave that was supposed to have swept the more centrist parties failed to materialise

US treasuries still attractive despite risk rally

In an uncertain world, US treasuries offer the dual benefits of defensiveness and diversification.

India election: Modi for longer

Fresh mandate to help Modi push for further reforms.
The future of real estate: What will the industry look like in 2039?

The future of real estate: What will the industry look like in 2039?

How will the innovations of the next 20 years change the world of real estate.

Downshifting GEARs as global rebound softens

Downshifting GEARs as global rebound softens

China’s April data disappoints market expectations of resilience

Data on industrial production, retail sales and investment all surprised to the downside.

An outside view of the US-China trade war

Why investors should not expect a swift resolution to the US-China trade war
May's Rich Pickings podcast: Recession retreat

May's Rich Pickings podcast: Recession retreat

"There are tentative signs of stabilisation but it's too early to call that the green shoots," says Fidelity's Anna Stupnytska in this month's Rich Pickings.

China strikes back at US move with a tariff hike of its own

China strikes back at US move with a tariff hike of its own

US hikes tariffs on Chinese goods: Views from the Asia investment desk

US hikes tariffs on Chinese goods: Views from the Asia investment desk

Fidelity Leading Indicator: Green shoots versus trade war shots

Fidelity Leading Indicator: Green shoots versus trade war shots

The Fed remains firmly on hold

The overall message at the US Federal Reserve’s May meeting was clear and simple - it is firmly on hold for now.

EM outlook: For China and the Fed, old habits die hard

China and the US Federal Reserve are falling back on old habits, which should provide some desperately-needed comfort to emerging markets.
Being the authentic investor

Being the authentic investor

Can investors do well by doing good? Today my answer is emphatically, yes

The last tango for Macri?

Argentinian President Mauricio Macri faces a test as negative sentiment pushes Argentinian bond spreads to levels not seen since the pre-Macri era.

European Parliament elections: Bond investors brace for a populist takeover

The EU elections could inject political risk into sovereign bond markets, making the election results a ‘must-watch’ event for fixed-income investors.

From Heisei to Reiwa: Record-long market holiday heralds Japan’s new Imperial era

From Heisei to Reiwa: Record-long market holiday heralds Japan’s new Imperial era

Indonesia election brings short-term relief but long-term uncertainty

The victory of Indonesian incumbent Jokowi is a good outcome for markets in the short term but the longer-term implications are less clear.
China’s stimulus is working, but credit markets hold longer-term risks

China’s stimulus is working, but credit markets hold longer-term risks

The credit stimulus measures that China began last summer are starting to reach a critical mass, but transmission to the real economy remains patchy.

Amid China’s grab bag of economic data, surging credit growth will do the real work

A closer look at China’s first quarter GDP data reveals some mixed messages about the country’s economic performance.
Data is helping to identify the diversity strategies that work

Data is helping to identify the diversity strategies that work

The approach to diversity is starting to shift away from random, box-ticking initiatives to a systematic, increasingly sophisticated, evidence-based journey.

First featured in: What difference can active managers make in Sustainable Investing?

Saudi Aramco’s mega bond turns a fixed income maxim on its head

Saudi Aramco’s mega bond turns a fixed income maxim on its head

Fidelity Leading Indicator: A sign of life?

Our leading indicator is at a crossroads

The ECB plays ‘wait and see’

The European Central Bank kept policy unchanged at its April meeting, and reverted back to 'wait and see' mode
April's Rich Pickings podcast: Arrivederci euro?

April's Rich Pickings podcast: Arrivederci euro?

"The markets are yet to catch up with reality," says Head of Global Macro Economics and Investment Strategy, Anna Stupnytska.

EM outlook: Easier conditions, tougher growth

After a challenging end to last year, the start of 2019 has brought some tentative stability to emerging markets. But it is too early to issue the all-clear.

Investors to pressure Turkey on economic reforms amid lira volatility

Markets will be seeking a more conventional approach from Turkey on its economic reforms.

Women and investing in Japan: Many steps behind men, but making progress

Women and investing in Japan: Many steps behind men, but making progress

Why the Fed pivoted and what happens next

The Fed's dovish tone might not last for long.

For things to get better, they may have to get worse

The market rally continues. But after a decade of QE, is there a limit to how long markets will respond positively to the same old policies?

Uncertainty is now at an attractive discount in the UK and elsewhere

Predictability has been at a premium in recent years, but we feel the discount now offered to take on uncertainty offers a long-run opportunity.

The Fed's message is solidly dovish; for now

The Fed stuck to its solidly dovish message in March, in line with market expectations. However, it risks leaving itself little room for manoeuvre.

Fidelity survey of Japan’s elderly highlights the perils of financial overconfidence

Fidelity survey of Japan’s elderly highlights the perils of financial overconfidence

Emerging market GEARs outperform sluggish Europe and Japan

Global GEARs suggest stability over the past two months, after a volatile end to 2018.

A Goldilocks moment for China’s monetary policy, but watch for more easing and bond index inclusion

Two events are driving the outlook for China fixed income- easing monetary conditions and the expected inclusion of Chinese bonds in benchmark indexes.

Fidelity Leading Indicator: Red lights, not green shoots

Signs of more dovish central banks may have got markets more excited, but our FLI has not moved.

Blowing the froth off the BBB market

BBB-rated credit has outperformed A-rated debt by 48 per cent in past decade. However, the market is vulnerable to downgrades.

Barriers to women investing: An Australian perspective

A state-of-the-nation report commissioned by Fidelity International (Australia) which reveals the barriers women face when it comes to investing.

ECB startles with dovish move

The central bank kept rates on hold and unveiled new cheap funding measures to boost the faltering Eurozone economy.

What China’s new stimulus measures mean for investors

The Chinese government has announced tax cuts worth 2 trillion yuan and higher spending. But will this boost the slowing economy?

Chinese stocks brace for increased capital flows

MSCI is quadrupling the weighting of Chinese shares in its benchmark indexes, highlighting the country's increasing centrality in global finance.

What does the US-China trade-talk extension mean for investors?

While headlines suggest that the US and China are inching closer to a deal, it’s clear that there are still a range of questions that need to be addressed.

The $118 billion investment opportunity hidden in the sea

Regulation and globalisation are creating new investment opportunities in the global ballast water treatment systems market.

Macro slowdown clashes with market optimism

The disconnect between economic fundamentals and markets is unlikely to be sustainable in the short term.

GEAR update: US and Japan join the slowdown

GEAR update: US and Japan join the slowdown

ESG: A Change of View

Portfolio Manager Jeremy Podger revisits the arguments around ESG investing principles and explains his distinct shift in view.
Emerging market investors should make hay while the sun shines

Emerging market investors should make hay while the sun shines

Investors are returning to emerging markets after a traumatic 2018, led by a weaker dollar and China stimulus

European corporate earnings fall without boost from utilities, energy firms

The half-way mark for the European earnings season provides a good opportunity for an update on what we have seen so far and what conclusions can be drawn.

The Spanish imposition: Santander’s non-call sets precedent in AT1 bond market

Santander's decision to not repay its AT1 bond will make the market focus much more on call economics and post-call valuations.

Don’t miss the Asia high-yield opportunity

Investor optimism in China is improving, and Asia's high yield market is looking more attractive than the equity market.

Fidelity Leading Indicator: deeper drop, with no sector spared

The FLI Cycle Tracker plunged deeper into the bottom-left quadrant indicating growth below-trend and decelerating

Coalition government could be on the cards in India

India’s ruling Bharatiya Janata Party (BJP) will return to the polls between April and May. But this time a coalition government might be on the cards.

Will the change in message come back to haunt the Fed?

The Fed's dovish message was a remarkable shift, and likely unnecessary as not much has changed over the past few weeks in terms of the economic outlook.

Stuck in low GEAR

Absolute GEAR levels do not make for particularly pleasant reading. The DM average is hovering around its lowest since mid-2016.

Are we in a new volatility regime?

The return of volatility means broad market exposure earning attractive returns is unlikely to continue, and we need to be selective with the risks we take.

Income and yield are not the same thing

Although higher rates imply higher income generation as yields rise, we have not seen income from coupons keep up with the rise in rates.

Brexit vote: Next steps

What next for Brexit after Prime Minister Theresa May's historic defeat?
January's Rich Pickings: Managers become buoyant despite dismal data

January's Rich Pickings: Managers become buoyant despite dismal data

"Everyone always underestimates the resilience of the US economy," says Chief Investment Officer of Multi Asset James Bateman.
Podcast: Real estate and the pain of retail

Podcast: Real estate and the pain of retail

As consumption habits transform and online sales take over from traditional shopkeepers what does it mean for the retail real estate market?

A troubled marriage to tech

Investors are married to the tech story whether they like it or not

Emerging Markets' glass might become ‘half-full’ - or China might smash it

Emerging Markets glass might become ‘half-full’ - or China might smash it
2019 China Outlook- Time to enter the tiger’s den?

2019 China Outlook- Time to enter the tiger’s den?

We explore the opportunities in China equities and fixed income in 2019.

Fidelity Leading Indicator: FLIrting with disaster?

Perhaps ‘disaster’ is too strong a word to describe January’s Fidelity Leading Indicator (FLI) reading, but it is the worst result since 2012.
December's Rich Pickings podcast: Christmas Special - risk on

December's Rich Pickings podcast: Christmas Special - risk on

"Being neutral just doesn't feel active enough to take advantage of the opportunities,” says CIO of Multi Asset James Bateman in this month's Rich Pickings.
Fundamentals podcast: China and the impending smartphone revolution