Global CIOs | September showing signs of optimism

In the latest Fidelity CIO discussion, Andrew McCaffery and Romain Boscher consider how despite continuing sensitivity to changes in sentiment, markets are showing signs of optimism. This is due to earnings generally beating estimates and earnings per share bottoming out in the US and Europe. Greater focus on resilience, particularly in China, and on sustainability is benefiting domestic economies and altering supply chains. However, narrow market leadership, inflated valuations and negotiations around fiscal limits remain potential risks.

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Andrew joined Fidelity International in July 2019. Prior to this he spent 8 years at Aberdeen Standard Investments in a range of senior roles including Global Head of Strategic Client Investments and Global Head of Alternatives. He has over 30 years’ industry experience across investment, risk management and client distribution.