Investing against the tide in 2021 - Hugo Lavallée
Hugo Lavallée, portfolio manager, believes that 2020 showed why active management is important. Hugo, who for Canadian investors, manages Fidelity Canadian Opportunities Fund and Fidelity Greater Canada Fund, brings a contrarian strategy that aims to identify value in out-of-favour stocks. Currently Hugo believes that ESG investing had been less understood in North America, leading to investing opportunities. Hugo’s main focus has been on the “E” (environmental), but he notes that his peers at Fidelity do a great job looking at the “S” and “G” (social and governance). Hugo explains that with the current vaccine rollout, travel and leisure is likely to make a strong comeback, and he is primarily focused on the pent-up demand that he feels we’ll see in travel and leisure this year.
Recorded on January 27, 2021.
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