Listen on The Move
In this episode of the Insight is Capital podcast, Ilan Kolet, Institutional Portfolio Manager in Fidelity Investments' Global Asset Allocation team, discusses the current investment landscape, focusing on the divergence between the Canadian and U.S. economies, the significance of productivity growth, and the strategic inclusion of liquid alternatives in investment portfolios. Kolet highlights the U.S. economy's remarkable growth compared to other G7 countries and emphasizes the potential of a productivity expansion in the U.S. to enhance economic growth without stoking inflation. The conversation also covers Fidelity's decision to incorporate liquid alternative strategies into their managed portfolio suite, aiming to improve diversification and risk-adjusted returns for investors. This move reflects a deliberate and research-based approach to portfolio construction, underscoring Fidelity's commitment to innovation while maintaining a cautious and incremental investment strategy.
Timestamped Highlights
00:00 Catching Up After a Long Time
00:30 Divergence Between Canada and the U.S.
04:50 The Importance of Productivity
07:47 Stocks and Bonds Performance
10:12 Understanding Productivity Growth
16:39 Implications for Monetary Policy
20:14 Introduction and Episode Overview
21:04 Current Market Positioning
26:56 Incremental Investment Approach
27:06 Valuation and Sentiment in Investment Decisions
28:14 Comprehensive Global Asset Allocation Strategy
29:17 Manager Selection and Diversification
29:56 Rigorous Evaluation and Tactical Decisions
30:58 Challenges for Advisors
35:57 Balanced Fund of the Future
36:30 Inclusion of Liquid Alternatives
40:44 Democratizing Access to Alternative Investments
53:52 Strategic and Methodical Investment Decisions
55:04 Concluding Thoughts and Future Plans
View the Fidelity Investments Whitepaper referenced in the podcast:
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