Today we shine a light on balancing income and risk in fixed income investing with Adam Kramer, portfolio manager, and Scott Mensi, institutional portfolio manager. Adam and Scott share that Fidelity Tactical High Income Fund offers a flexible mandate with a full spectrum of income producing asset classes, aiming to provide a consistent yield for investors, and a cushion during periods of market volatility. Adam believes it’s the markets tendency to misprice risk, which makes it beneficial to offer a broad range of asset classes in the fund. He explains if you’re in an asset class that has too much bad news, and that bad news doesn’t happen, that is where you make money, and that is where the fund is trying to be. In addition to their investment approach, Adam and Scott also share their current market perspectives, and outlook for 2022. Scott adds that it’s beneficial to maintain a long-term approach.

Recorded on September 29, 2021.

Transcript (PDF): https://www.fidelity.ca/cs/Satellite/doc/transcript_podcast_access2021_kramer_mensi.pdf