This presentation is provided for informational purposes only.
Each quarter, Fidelity's Asset Allocation Team (AART) compiles a comprehensive quarterly market update—with analysis of the past quarter and what it may mean for the quarter ahead—to provide asset allocation recommendations for Fidelity’s portfolio managers and investment teams. The package includes:
- Highlights of what we see for Q1 2014 in a video hosted by Dirk Hofschire, senior vice president of asset allocation research
- Seven key takeaways for the first quarter 2014
- A 50-page comprehensive report with a Q4 2013 market summary and in-depth analysis on the economy/macro backdrop, U.S. equity markets, international equity markets & global assets, fixed income markets, and asset allocation themes
- Two key investing themes: income and stock opportunities.
The Asset Allocation Research Team (AART) conducts economic, fundamental, and quantitative research to develop dynamic asset allocation recommendations for the Global Asset Allocation Division of Fidelity Asset Management (FAM), the investment management arm of Fidelity Investments. Lisa Emsbo-Mattingly, director, Dirk Hofschire, senior vice president, Craig Blackwell, analyst, Craig Blackwell, analyst, Jake Weinstein, senior analyst, and Austin Litvak, senior analyst, contributed to this report.
The information presented above reflects the opinions of Dirk Hofschire, CFA, senior vice president, asset allocation research, and Lisa Emsbo-Mattingly, director of asset allocation research, as of January 15, 2013. These opinions do not necessarily represent the views of Fidelity or any other person in the Fidelity organization and are subject to change at any time based on market or other conditions. Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Past performance and dividend rates are historical and do not guarantee future results.
Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk, liquidity risk, call risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
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