Today on the show, long time portfolio manager Dan Dupont joins the program to discuss his current investment strategy, gives an update on Canadian Large Cap Fund, and where he’s seeing opportunities in 2024. He says the concentration in his fund is primarily focused in the tech sector, especially in the Magnificent 7, which is trading at historically high levels. He’s also shifting his investment strategy towards overlooked areas like large cap, healthcare, staples, and Chinese markets. But he adds he’s cautiously investing in China due to significantly reduced valuations compared to the past. He’s also looking at investment opportunities in Japan, South Korea, and other regions. With Canadian Large Cap fund, he says the fund tends to excel during periods of volatility, showcasing its ability to weather downturns effectively. To add to this, historically, the large cap fund has demonstrated a downside capture averaging around 34 to 35%, indicating relatively low susceptibility to market downturns. 

Recorded on February 21, 2024.

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.

For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.