Rich Pickings: Fidelity's Asset Allocation Podcast
Episodes
We have news!
01 Aug 2025
Contributed by Lukas
A short message to our Rich Pickings listeners about our new podcast series on the Fidelity Answers channel. Subscribe here.See omnystudio.com/listene...
Fidelity Answers: Why is Silicon Valley so obsessed with AI and what can investors do about it?
01 Aug 2025
Contributed by Lukas
Companies' spend into artificial intelligence has been immense. But we're yet to see the tangible output of that investment. Should investors care? Po...
The long-term themes challenging investors
12 Apr 2024
Contributed by Lukas
What are the big themes that will shape the investment world in the years ahead? For this final episode of the current series of Rich Pickings, Editor...
Asia and Latin America are reshaping the world for investors
16 Feb 2024
Contributed by Lukas
Asia and emerging markets are our focus this month. Richard Edgar is joined by Fixed Income Portfolio Manager Paul Greer, Asia Economist Peiqian Liu, ...
Ready for a reset: Analyst Survey 2024
26 Jan 2024
Contributed by Lukas
How confident are CEOs as they lean in to 2024? Is inflation still a major worry for businesses or has it been banished? How concerned are company man...
What the lessons of 2023 can teach investors for the year ahead
19 Dec 2023
Contributed by Lukas
From artificial intelligence to US resilience, Richard Edgar discusses the big themes of 2023 with a panel of multi asset portfolio managers: Taosha W...
Send your questions for our December special!
28 Nov 2023
Contributed by Lukas
Just a reminder that you still have time to submit your questions to our investment team for our Christmas special. You have until Friday 1st December...
Outlook 2024: Four ways forward
17 Nov 2023
Contributed by Lukas
Richard Edgar is joined by Steve Ellis, Global CIO for Fixed Income, Marty Dropkin, Head of Equities for Asia Pacific, and Global Macro Economist, Ann...
Higher rates: is the transmission mechanism broken... or just delayed?
18 Oct 2023
Contributed by Lukas
Richard Edgar is joined by Steve Ellis, Chief Investment Officer for Fixed Income, Gita Bal, Global Head of Fixed Income Research, and Salman Ahmed, F...
Challenging the narrative on recession, inflation and rates
26 Jul 2023
Contributed by Lukas
This month's guests challenge the consensus on recession risk and sticky inflation - and where central banks are getting it wrong. Richard Edgar is jo...
Fidelity's CIO on US inflation and China's recovery
18 Jul 2023
Contributed by Lukas
Fidelity International's Global Chief Investment Officer Andrew McCaffery joins Richard Edgar to discuss how investors should interpret the latest inf...
ESG Analyst Survey: Mind the gap
30 Jun 2023
Contributed by Lukas
There is a big gap between the action needed to deliver net zero and what the corporate world is currently doing, according to Fidelity’s third annu...
Fidelity's CIO on the Fed's pause and what comes next
15 Jun 2023
Contributed by Lukas
Fidelity International's Global Chief Investment Officer Andrew McCaffery joins Richard Edgar to discuss the Federal Reserve's decision to pause its i...
Preparing portfolios for climate risks
28 Apr 2023
Contributed by Lukas
What impact will climate change have on portfolios? Should investors ready themselves for a disorderly transition to net zero? And what if it all gets...
Three long-term trends our CIO is watching closely
27 Apr 2023
Contributed by Lukas
Over the last 18 months we've thrown crisis after crisis at our CIO, but this month we're letting Andrew McCaffery tell us the long term trends he's w...
Fidelity's CIO on the recent banking turmoil and what's next
28 Mar 2023
Contributed by Lukas
Fidelity International's Global Chief Investment Officer Andrew McCaffery joins Richard Edgar to discuss the recent banking turmoil, what central bank...
The wider implications of the UBS/Credit Suisse merger
20 Mar 2023
Contributed by Lukas
Following the takeover of Credit Suisse by UBS, Richard Edgar is joined by senior analyst Federico Wynne to discuss how we got here and what might...
Looking for cracks in the system after SVB
15 Mar 2023
Contributed by Lukas
After the collapse of Silicon Valley Bank, Richard Edgar is joined by Steve Ellis, Global CIO for Fixed Income, Anna Stupnytska, Global Macro Economis...
Fidelity's CIO on what next for China and what investors might have missed
27 Feb 2023
Contributed by Lukas
China’s reopening has spurred a rebound in the economy and in markets. But how should investors position for what comes next? Richard Edgar is joine...
Light at the end of the tunnel: Analyst Survey 2023
09 Feb 2023
Contributed by Lukas
Just how confident do CEOs feel about the year ahead? Do they really expect earnings to grow? Is reaching net zero still a priority? For answers to th...
Fidelity's CIO on China and optimism for the year ahead
26 Jan 2023
Contributed by Lukas
Fidelity International's Global Chief Investment Officer Andrew McCaffery joins Richard Edgar to discuss what the policy shifts in China could mean fo...
From Davos: Fidelity's CEO on Ukraine, central banks, and management sentiment
20 Jan 2023
Contributed by Lukas
As the World Economic Forum in Davos comes to a close, Fidelity's Richard Edgar talks to Chief Executive Anne Richards about her takeaways from the we...
Trailer: Trade Offs
20 Jan 2023
Contributed by Lukas
Tune in to the Fidelity Answers podcast channel for a new series that gets under the bonnet of business and sustainability. From finance to energy to ...
Your questions answered!
20 Dec 2022
Contributed by Lukas
For our festive special Richard Edgar is joined by Head of Equities for Asia Pacific Marty Dropkin, Portfolio Manager Aditya Khowala, and Global Macro...
Fidelity's CIO on what the Fed does next
16 Dec 2022
Contributed by Lukas
Fidelity's Global Chief Investment Officer Andrew McCaffery joins Richard Edgar to discuss the latest rate hike from the Federal Reserve and the chall...
Outlook 2023: Navigating the polycrisis
05 Dec 2022
Contributed by Lukas
After a year of volatility and uncertainty, how should investors navigate the year ahead? Richard Edgar is joined by Steve Ellis, Global Chief Investm...
Fidelity's CIO on US midterms and digital assets after FTX
21 Nov 2022
Contributed by Lukas
Fidelity International's Global Chief Investment Officer Andrew McCaffery speaks to Richard Edgar about what the US midterm results could mean for mar...
Keeping cool heads in volatile times
19 Oct 2022
Contributed by Lukas
Uncertainty and volatility in markets: is it temporary or the mark of a new paradigm? Portfolio Managers Charlotte Harington and Ian Fishwick join Ric...
Fidelity's CIO on the UK's radical rethink
18 Oct 2022
Contributed by Lukas
Fidelity International’s Chief Investment Officer Andrew McCaffery talks to Richard Edgar about the British government's economic overhaul and to wh...
Fidelity's CIO on the UK's U-turn and the risk of contagion
03 Oct 2022
Contributed by Lukas
Richard Edgar is joined by Fidelity International’s Chief Investment Officer Andrew McCaffery to discuss what the policy extremes mean for investor ...
Where next for the UK?
28 Sep 2022
Contributed by Lukas
In a week which saw sterling slide, an intervention from the IMF, and the Bank of England step in to calm markets, Portfolio Managers Tim Foster and L...
Fed hike: What you're missing from the inflation narrative
22 Sep 2022
Contributed by Lukas
Fidelity's Chief Investment Officer for Fixed Income Steve Ellis talks to Richard Edgar about the unexpected consequences of the Fed's rate hike cycle...
Fidelity's CIO on frustrations at the Fed and what the winter might hold
16 Sep 2022
Contributed by Lukas
Fidelity International's Chief Investment Officer Andrew McCaffery talks to Richard Edgar about recent market turmoil, how current dynamics compare to...
Tell us what you think about Rich Pickings
07 Sep 2022
Contributed by Lukas
Help us make podcasts that give you, our listeners, what you want. Take this short survey and we'll enter you in to a prize draw for £250 of Amazon v...
Where next for consumers and a download from Silicon Valley
02 Aug 2022
Contributed by Lukas
Fresh from meeting industry leaders in Silicon Valley, Portfolio Manager Hyun Ho Sohn and analyst Jonathan Tseng join Richard Edgar to share their tho...
Fidelity's CIO on preparing portfolios for a hard landing
22 Jul 2022
Contributed by Lukas
Richard Edgar talks to Fidelity International's Global Chief Investment Officer Andrew McCaffery about economic headwinds and how investors can weathe...
Help shape Rich Pickings
13 Jul 2022
Contributed by Lukas
Help us make podcasts that give you, our listeners, what you want. Take this short survey and we'll enter you in to a prize draw for £250 of Amazon v...
Turning the tanker: How engagement on sustainability is changing companies from within
28 Jun 2022
Contributed by Lukas
What do companies really think of sustainability? What are they doing to improve their ESG credentials? These are some of the many questions 161 of Fi...
Fidelity’s CIO on reasons to be brave amongst the bears
23 Jun 2022
Contributed by Lukas
Watch out, there are bears about... but some impressive resilience in credit markets and from consumers are just two reasons not to get too fearful, s...
'The rules of the game have changed'
26 May 2022
Contributed by Lukas
How should investors recalibrate for this new phase in markets and what sort of landing of the global economy can we expect central banks to achieve? ...
Bonus: The recession debate - how slow will growth go?
18 May 2022
Contributed by Lukas
Just how likely is a recession? Richard Edgar talks to two Fidelity portfolio managers, Paul Greer and Tim Foster, who take on different sides of the ...
Fidelity's CIO on growth risks and the safe harbours for portfolios
13 May 2022
Contributed by Lukas
Editor in Chief Richard Edgar returns for this month's CIO update. He's joined by Fidelity's Global Chief Investment Officer Andrew McCaffery to discu...
No easy answers: The ESG questions raised by the Russia-Ukraine war
03 May 2022
Contributed by Lukas
From the energy transition to withdrawing from Russian assets, the conflict in Ukraine has put environmental, social and governance issues in the spot...
Fidelity's CIO: 'Caution is warranted'
25 Apr 2022
Contributed by Lukas
Carsten Roemheld speaks to Fidelity International's Global Chief Investment Officer Andrew McCaffery about the challenges posed by the volatility movi...
Fidelity's CIO on the Asia perspective
01 Apr 2022
Contributed by Lukas
Carsten Roemheld speaks to Fidelity International's Global Chief Investment Officer Andrew McCaffery about his recent trip to Asia, the latest market ...
Tectonic shifts: Mapping the disruption to economies and supply chains
28 Mar 2022
Contributed by Lukas
One month on from the start of the war in Ukraine, the knock-on effects for the global economy and the old world order are becoming clearer. With disr...
Fidelity's CIO on the questions investors have on China, Ukraine, and Fed rate rises
17 Mar 2022
Contributed by Lukas
Carsten Roemheld speaks to Fidelity International's Chief Investment Officer Andrew McCaffery about the questions facing investors on China and the wa...
Fidelity's CIO on allocating for stagflation and geopolitical turmoil
11 Mar 2022
Contributed by Lukas
Carsten Roemheld speaks to Fidelity International's Chief Investment Officer Andrew McCaffery about the widening economic repercussions of the war in ...
Fidelity's CIO on the impact of Russia sanctions
04 Mar 2022
Contributed by Lukas
As the humanitarian disaster continues to unfold in Ukraine and with the backdrop of more severe sanctions against Russia, Global Chief Investment Off...
Fidelity's CIO on what the invasion of Ukraine means for markets and monetary policy
24 Feb 2022
Contributed by Lukas
On the day that Russian forces launch a full-scale military invasion of Ukraine Fidelity's Global Chief Investment Officer Andrew McCaffery explains t...
Mind the roadblocks: The 2022 Analyst Survey
18 Feb 2022
Contributed by Lukas
Volatile markets, unpredictable governments, rising costs - how does one begin to run a company in such uncertain times? How are managers feeling abou...
Fidelity's CIO on the market volatility ahead
15 Feb 2022
Contributed by Lukas
Carsten Roemheld talks to Fidelity International's Chief Investment Officer Andrew McCaffery about why the current market volatility is set to continu...
Central bank watch: Planning for policy shifts
01 Feb 2022
Contributed by Lukas
In our first episode of the year we hear from some of Fidelity's keenest central bank watchers about the policy moves they're expecting in 2022. How m...
Fidelity's CIO on why the Fed won't be so hawkish
18 Jan 2022
Contributed by Lukas
Carsten Roemheld talks to Fidelity International's Chief Investment Officer Andrew McCaffery about why, despite persistent inflation, the Fed won't go...
ESG at an industrial titan: BHP’s chief executive on the hard decisions
20 Dec 2021
Contributed by Lukas
How do you forge a sustainable future when you're the CEO of one of the world's biggest mining companies? BHP Chief Executive Mike Henry talks to Fide...
2021: A sustainability odyssey
20 Dec 2021
Contributed by Lukas
The pandemic and COP26 made 2021 a big year for sustainability. In this final podcast of the year we round up the main themes and ask where next for i...
Fidelity’s CIO on Omicron impact
13 Dec 2021
Contributed by Lukas
Carsten Roemheld talks to Fidelity International’s Chief Investment Officer Andrew McCaffery about market response to Omicron and how investors ...
Catch 2022: What's in store for the year ahead
16 Nov 2021
Contributed by Lukas
Chief investment officers and economists assess the policy dilemmas and big investment themes of 2022. Richard Edgar is joined by Steve Ell...
Practical (and green) investing for the climate transition
03 Nov 2021
Contributed by Lukas
Climate change is a complex and ever-changing challenge for markets. In this podcast we hear how investors can map a path through the transition while...
Fidelity's CIO calls for clarity at COP
20 Oct 2021
Contributed by Lukas
Ahead of the global climate summit in Glasgow, Fidelity’s chief investment officer Andrew McCaffery talks to Richard Edgar about the challenges ...
The uncomfortable trade
01 Oct 2021
Contributed by Lukas
A reckoning in China, a debt ceiling in the US, soaring energy prices in Europe: in the month’s Rich Pickings we gather the experts to help make...
Fidelity's CIO on why the US dollar is headed south
13 Sep 2021
Contributed by Lukas
Fidelity's Global Chief Investment Officer Andrew McCaffery talks to Richard Edgar about how the Fed is likely to respond to data, what that mea...
Ready, steady, pitch! Analysts on their most exciting investment trends
29 Jul 2021
Contributed by Lukas
In this month's Rich Pickings three of Fidelity's equity analysts pitch what they think is the most exciting investment opportunity in their sector to...
Fidelity's CIO justifies a risk-on bias
20 Jul 2021
Contributed by Lukas
Fidelity International's core asset allocation remains risk-on despite odd bond markets, poor China data, and Covid case numbers. To find out why, Edi...
Where next for inflation
23 Jun 2021
Contributed by Lukas
Is inflation here today, gone tomorrow? Or in for the long haul? This is the question preying on the minds of central bankers and investors alike. But...
What Fidelity's CIO makes of The Fed's surprise
18 Jun 2021
Contributed by Lukas
The US Federal Reserve's latest meeting signalled rate rises could come forward by a year to 2023. Richard Edgar talks to Fidelity International's Glo...
The real workhorse of Asia Pacific
11 May 2021
Contributed by Lukas
China might dominate headlines but there's a lot more to Asia Pacific than a single country. We're talking developed economies with well-established c...
Fidelity CIO on why we're calling it a miniboom
06 May 2021
Contributed by Lukas
Andrew McCaffery, Global Chief Investment Officer at Fidelity International, talks to Richard Edgar about the regained calm in markets, why now is the...
The Testing of The Fed and other tales of central bank credibility
01 Apr 2021
Contributed by Lukas
Efforts to mitigate the economic impact of Covid-19 have left us with debt mountains higher than after the second world war. As governments begin to r...
Fidelity's Global CIO on inflation and The Fed
18 Mar 2021
Contributed by Lukas
Andrew McCaffery, Global Chief Investment Officer at Fidelity International, talks to Richard Edgar about the current psychology of markets, The Fed's...
Counting down the days: The 2021 Analyst Survey
01 Mar 2021
Contributed by Lukas
The results are in for Fidelity's annual Analyst Survey. Over 140 sector experts from across the world have been asked for a detailed picture of how t...
The big vaccine rollout episode
22 Jan 2021
Contributed by Lukas
The speed and efficiency of vaccine programmes varies greatly from country to country. What does that mean for the re-opening of the global economy? T...
(What) A Year In Review: The history made and lessons learnt
18 Dec 2020
Contributed by Lukas
At the end of a year that tested policy makers, challenged investors, and remodelled economies Richard Edgar asks Global Chief Investment Officer Andr...
Outlook 2021: Seizing the new reality
26 Nov 2020
Contributed by Lukas
In this penultimate episode of a year that took everyone by surprise we hear from Fidelity's chief investment officers about how to approach the next ...
US elections: The very different fiscal scenarios
28 Oct 2020
Contributed by Lukas
With the US elections fast approaching we take stock of what the radically different policies proposed by the two potential administrations could mean...
CIO update: Strength in numbers
09 Oct 2020
Contributed by Lukas
Fidelity CIO Andrew McCaffery talks with Editor in Chief Richard Edgar about:- the role of confidence in recovery- how robust the US economy is i...
Allocating for recovery
30 Sep 2020
Contributed by Lukas
How should investors approach the road to recovery and its inevitable potholes? This month, Editor in Chief Richard Edgar discusses rebounds, stimulus...
CIO update: How to spot resilience
03 Sep 2020
Contributed by Lukas
We're back from the summer break and to get things going Richard Edgar hears from Chief Investment Officer Andrew McCaffery about where market expecta...
Beware the consensus: what the US election means for investors
28 Jul 2020
Contributed by Lukas
A deeply divided America heads to the ballot box in three months. Incumbent President Trump faces Democratic nominee Joe Biden in an election that's t...
July's CIO update: What to expect this summer
08 Jul 2020
Contributed by Lukas
Fidelity's global Chief Investment Officer Andrew McCaffery assesses the scale and effectiveness of state intervention that lead to a remarkable secon...
Know your enemy
25 Jun 2020
Contributed by Lukas
Understanding Covid-19 and its potential impact has become fundamental to shaping investment decisions. In this month's Rich Pickings we hear about th...
CIO update: Markets v the real economy
11 Jun 2020
Contributed by Lukas
Fidelity Chief Investment Officer Andrew McCaffery joins Richard Edgar to talk through the dissonance between buoyant markets and gloomy economic data...
The inflation argument
20 May 2020
Contributed by Lukas
In this month’s Rich Pickings we hear why inflation is likely to be some way off, how portfolios are being adjusted as the old rules are torn up...
CEO update: Anne Richards on resilience and reinvention
12 May 2020
Contributed by Lukas
Fidelity CEO Anne Richards analyses the market's response to the coronavirus crisis and, as we move into a world living with the consequences, explore...
CIO update: The diversification challenge
06 May 2020
Contributed by Lukas
In our regular check-in with Fidelity's chief investment officer Andrew McCaffery, we cover the past week in the markets, long term challenges for cen...
CIO update: International cooperation needed
30 Apr 2020
Contributed by Lukas
Federal Reserve chair Jerome Powell's comments this week echo what our Chief Investment Officer Andrew McCaffery has been telling us for some time - t...
CIO update: Inflation (just) on the radar
24 Apr 2020
Contributed by Lukas
With fixed income and equities markets seemingly entering a more benign phase after record swings in recent weeks, should we be looking to the oil pri...
April 2020: Where we go from here
21 Apr 2020
Contributed by Lukas
In this month's Rich Pickings we hear from Fidelity's global economist, Anna Stupnytska, about the likely scenarios she envisages playing out as the w...
CIO update: Credit markets and central banks
16 Apr 2020
Contributed by Lukas
How are economic data playing into markets and what is scenario planning telling us about how to approach different asset classes during the pandemic?...
CIO update: Look to Asia
08 Apr 2020
Contributed by Lukas
Fidelity's Chief Investment Officer Andrew McCaffery talks to Editor in Chief Richard Edgar about why we might see a change in market leadership as Ch...
CIO update: Finding value and income
02 Apr 2020
Contributed by Lukas
Fidelity's Chief Investment Officer Andrew McCaffery talks to Editor in Chief Richard Edgar about where markets find themselves in response to both th...
From Fidelity Answers: Positioning for a post-pandemic world
31 Mar 2020
Contributed by Lukas
This podcast is from our sister channel Fidelity Answers. Subscribe for more market expertise on topics ranging from electric vehicles to investing in...
CIO update: The end of the beginning
26 Mar 2020
Contributed by Lukas
Fidelity's Chief Investment Officer Andrew McCaffery - complete with his new home podcasting kit - talks to Editor in Chief Richard Edgar about where ...
From Fidelity Answers: Coronavirus and the new reality with Fidelity's CIO Andrew McCaffery
17 Mar 2020
Contributed by Lukas
This podcast is from our sister channel Fidelity Answers. Subscribe for more market expertise on topics ranging from electric vehicles to investing in...
March 2020 (#2): Managing portfolios in a storm
12 Mar 2020
Contributed by Lukas
How do you manage funds in the face of extreme volatility? What strategies or asset classes provide the best defences? In this second episode for Marc...
March 2020: Fidelity CIOs on oil crash, volatility, and what's next
10 Mar 2020
Contributed by Lukas
A perfect storm of fear triggered by a pandemic and an oil shock have given investors a rude awakening with markets dropping at a scale not seen for o...
February 2020: Coronavirus - the view from China
26 Feb 2020
Contributed by Lukas
This month we hear from those on the frontline about the impact of the coronavirus in China and beyond: how much is the outbreak clogging the engine o...
January 2020: Counting the cost of a pandemic
31 Jan 2020
Contributed by Lukas
"Fear makes the wolf bigger than he is," or so the saying goes... In a world of 24-hour news coverage and a commercial imperative to be louder than yo...
December 2019: Politics and the portfolio
13 Dec 2019
Contributed by Lukas
The UK election has delivered a decisive victory to Boris Johnson. How widely and for how long will the ramifications be felt by markets? And what of ...
November 2019: Chief Investment Officers on how to approach 2020
14 Nov 2019
Contributed by Lukas
This month, Rich Pickings gathers Fidelity's Chief Investment Officers to ask them what investors should be watching for in 2020: the risks, the rewar...