DRO droneshield limited

DRO Is Merely A Minor Part of Fidelity's Strategy

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    Much has been made of Fidelity's purchase of a large tranche of DRO here on HC, but it may be overdone. Too many here view everything through DRO tinted Panglossian Glasses.


    Don't shoot the messenger mates, the following was on my Bloomberg Terminal this morning:


    Bloomberg today indicated that MAGAmerican investment firms' strategy is to hedge against the inherent volatility of the second Trump term.


    For these global fund managers, that translates directly into a still-resilient outlook for international stocks.


    Fidelity favors technology shares in Taiwan Korea and Australia stocks for their inexpensive valuations. “These countries are probably the best value ways to play the tech cycle upswing, and we see a good case for being overweight,” said Ian Samson, a multi-asset fund manager at the money manager in Singapore.


    Fidelity isn’t universally positive on risk assets. The firm’s cross-asset portfolios are turning bearish on the US and are buying gold as a

    hedge, Samson said.


    Invesco sees better prospects elsewhere. “From what I see happening across the globe, we are very likely to be a bit more tilted towards non-US markets such as Asia and emerging markets,” Chang said. Invesco sees medium-term opportunities in Korea , Australia and Malaysia.


    Invesco is also adding to holdings of local currency bonds in its cross-asset portfolios as it sees these deriving the most gain from expected US interest-rate cuts, Chang said. “For fixed income, we Australia, Indonesia and other high interest-rate countries because they will probably benefit the most,” he said.


 
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Last
$3.63
Change
-0.120(3.20%)
Mkt cap ! $3.174B
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