Fidelity International

Making sense of a high PE

Livewire Exclusive

Software companies often attract a very high valuation, at least at face value. Drilling down deeper into the economics of these business reveals the real value of owning a business with a sustainable ‘moat’ that can reinvest at high rates of return, says Kate Howitt, Portfolio Manager at Fidelity International. Show More

Be careful what you wish for

Tom Stevenson

When, a couple of years ago, Saudi Arabia was twisting the arms of Russia and 22 other oil producing countries to stem the flow of crude, the oil price was already off its low of less than $30 a barrel. But at around $50 in late 2016, it still represented... Show More

oil Fidelity International

A small company with a big growth runway

Livewire Exclusive

The most important ingredient of a great investment is having an outstanding ‘horse and jockey’; a business that’s operating in an attractive industry, and a highly capable management team. Kate Howitt, Portfolio Manager at Fidelity International, explains the attributes they look for, and why Wisetech Global ticks all the boxes. Show More

ASX:WTC Fidelity International kate howitt

Join the conversation

The next 12 months for Facebook

Amit Lodha

This time last year, I published an article on Livewire called ‘What Peter Lynch taught me about Facebook’. Here, I made a warning call on the data privacy issues Facebook is facing today. Livewire has since got in touch with us to discuss: what the next 12 months looks like... Show More

Goldilocks has packed her bags

Tom Stevenson

A couple of weeks ago, I suggested that 2018 would be the year in which we waved goodbye to Goldilocks. By that, I meant that the unusually favourable conditions investors enjoyed in 2017 - solid growth, lower for longer interest rates, subdued inflation and a lack of volatility - could... Show More

inflation interest rates Fidelity International

Buy the dip or sell the rallies?

Amit Lodha

While in Taiwan this week, meeting with executives of the technology/smartphone value chain, my hotel room shook with earthquake tremors. It struck me that nature has a unique way of sending us mortality messages every so often. In a similar vein, hidden in all the volatility last week, ‘Mr Market’... Show More

2018: A balancing act

Tom Stevenson

Most of the time investors don’t need to think too much about market timing or asset allocation. The long-term trajectory of financial markets is up and the only sensible thing to do is to be fully invested and allow the odds to work in your favour. As we enter 2018,... Show More

outlook Fidelity International 2018

The dichotomy in business today

Amit Lodha

Technology is enabling businesses to start up at lower costs than ever before. Whether it’s renting server farms from Amazon Web Services, purchasing subscription software on a monthly plan, or hiring cheap developers from overseas, the digital age has brought a myriad of options to entrepreneurs. Show More

technology start-ups Fidelity International

Why we sold Amazon

Livewire Exclusive

Amazon has been a long-term holding in the Fidelity Global Equities Fund, but Portfolio Manager, Amit Lodha, says they’ve recently exited their position, citing three key reasons for the change. Amit shares his views in the video below. Show More

amazon Fidelity International Amit Lodha

How the banks are fighting disruption

Livewire Exclusive

A few years ago, there were concerns over ‘disintermediation’ of the major banks – fintech disruptors were slowly chipping away at the various services the banks provide. Now, it’s a very different story. The banks are spending up on technology investment, with JP Morgan dedicating US$9B to technology each year. Show More

Fidelity International

Q4 Investment Outlook: Braver for longer…

Fidelity International

How long can the good times roll? The second-longest yet arguably most-hated bull market in post-war history just grinds on and on, while investors get more worried by the day. Valuations in some areas are certainly becoming stretched, but overall they remain some way off the peaks seen in 2000.... Show More

equities fixed income Fidelity International Alternatives

Why we like a2 Milk and WiseTech Global

Kate Howitt

Two of the largest positions in the fund right now have been a2 Milk and WiseTech Global. Both of these are stocks that have done tremendously well and whilst we remain very optimistic about their outlook, there's always a risk that any kind of stumble is going to be really... Show More

australian equities ASX:A2M ASX:WTC Fidelity International

A good week to be thinking about risk

Tom Stevenson

This is a good week to be thinking about risk. A string of natural disasters in the Americas and a potential man-made catastrophe in Asia coincide with the anniversaries of two events that caught us napping in years past. None of us will forget this day 16 years ago when... Show More

Fidelity International

Taking advantage of the Internet of Things

Fidelity International

The Internet of Things is a “global ecosystem of connected physical objects that can sense the environment, send data, communicate information without any human intervention.” By 2020, the amount of Internet-connected things will reach 50 billion, with an estimated $19 trillion in profits and cost savings coming from the theme... Show More

One place to find structural growth

Fidelity International

“Disrupters are a source of structural growth. They are those companies that are using innovation and technological advancement to disrupt current market players, current industries and drive a different type of growth than cyclical or economic growth.” In this video series, Alva Devoy, Investment Director at Fidelity International introduces six... Show More