A selection of our portfolio managers from across the globe review the key findings and implications of the survey. From the latest sustainability developments to rising funding costs, they discuss how these issues are likely to shape the opportunity set for investors across asset classes moving forward.

Fixed income markets have been sending a notably more bearish signal than global equities over recent months. Fidelity discuss how this tug of war is likely to play out from here and outline the importance of focusing on the three “Ds” - due diligence, discipline and diversification - when it comes to credit selection in the current environment.

Steering through choppy waters

We have seen a number of significant regulatory developments in China over the last few months, with an extensive overhaul of the education sector the most recent example. Against a backdrop of heightened market volatility, Fidelity’s locally-based portfolio managers outline their latest views on the evolving regulatory landscape and what it means for their portfolios.

Portfolio manager Anthony Srom provides an update on the Fidelity Asia Pacific Opportunities Fund. From China’s reopening to the US interest rate moves, he shares his views on what’s driving markets and outlines the high conviction stock picks he is backing to deliver in 2023.

A new economic order is unfolding, with emerging markets - particularly Asia - leading the way. With this in mind, Paras Anand, Fidelity’s CIO Asia Pacific, takes a closer look at the growth dynamics across the region. He highlights how this underpins the case for Asia playing an increasingly prominent role at the core of any well-diversified investment portfolio.

Bond investors’ loyalties were truly put to the test during 2022 as traditional safe havens exacerbated portfolio drawdowns. Fidelity Strategic Bond Fund co-managers Tim Foster and Claudio Ferrarese reflect on these recent challenges and highlight the themes we expect to impact returns across global bond markets from here.

Find out the latest from Fidelity’s locally-based investment team as they focus on the outlook for Asia’s largest and most important economy - China. From the latest market trends to shifting policy dynamics, they discuss the key factors shaping the investment landscape and reveal how this is impacting current views and positioning.

As China prepares to welcome the Year of the Rabbit, Dale Nicholls, portfolio manager of Fidelity China Special Situations PLC, shares his latest views after a very tumultuous period for China’s markets. As the country reopens its borders after three years of strict Covid-19 curbs, and with valuations looking attractive, he reviews an increasingly supportive backdrop and discusses the key areas of emerging opportunity.

With around half of global GDP moderately or highly dependent on nature, it is no surprise that biodiversity is moving up the agenda of companies, policy makers and investors. Global Head of Stewardship & Sustainable Investing Jenn-Hui Tan discusses the risk biodiversity loss poses to investors and outlines what needs to happen to unlock the financing needed to effectively tackle this issue.

Tim Foster, portfolio manager of the Fidelity Strategic Bond Fund, discusses why the second half of 2021 is likely to be pivotal for fixed income investors as central banks attempt to taper their bond buying programmes and raise rates against a backdrop of slowing growth and rising inflation. He also highlights the surge in bond issuance that is expected to continue to offer attractive alpha opportunities for investors over the coming months.

Fidelity Strategic Bond Fund portfolio manager Claudio Ferrarese outlines why fixed income investors shouldn’t be overly concerned about the reflation narrative currently driving financial markets. He also outlines how the portfolio is positioned to capitalise on reopening opportunities, particularly with an eye towards sustainability considerations.

Anne Richards Andrew McCaffery take a closer look at what 2023 could have in store for markets. They discuss how investors should think about positioning for the challenges and opportunities that are set to arise over the coming year.

Fidelity’s Multi Asset team review the investment landscape across global markets. As business confidence continues to rise and employment gains remain in positive territory, discover the major issues influencing our views across different asset classes and investment regions.

Global CIO Andrew McCaffery believes the key risk for investors to watch in 2023 is a central bank-induced sharp recession, or inflation bust. He shares his outlook for the global economy and outlines how investors should think about approaching asset allocation in the year ahead.

Inflation concerns are building and feeding into uncertainty over the outlook for financial markets. Romain Boscher, Global CIO Equities, outlines how equity investors should approach this environment and highlights why it makes sense to favour more economically-sensitive areas in the short-term, albeit with a keen focus on earnings and profitability.

The Fixed Income Monthly provides a forward-looking summary of the medium-term views from the Fidelity Fixed Income team.

With the latest US inflation release representing the highest year-on-year increase since 2008, portfolio manager Tim Foster analyses whether a more inflationary environment could be here to stay. He outlines what this means for fixed income investors and highlights the current opportunity in inflation-linked bonds.