This balanced approach found double-digit global growth

“Unusual” macro factors have Fidelity’s David Wolf and Geoff Stein casting a wide net and getting picky

Jade Hemeon 12 December, 2019 | 1:53AM

Glass globe

A global economy that’s long in the tooth after more than a decade of growth, and interest rates that are low and possibly going even lower, are two vital threads weaving through the big picture as seen by the managers of five-star rated Fidelity Global Balanced Portfolio.

The $2.3 billion fund-of-funds is a broadly diversified global portfolio of several mutual funds from the Fidelity stable. The portfolio has an equity/fixed income asset mix of roughly 60/40, with the flexibility to move within 15 percentage points on either side of these guideposts to take advantage of opportunities.  

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Fidelity Global Balanced Portfolio F13.48 CAD3.20

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Jade Hemeon