Institutional Model

Commentary

Opportunities may arise as valuations become more attractive during current volatility

Amid a maelstrom of market uncertainty fueled by U.S. tariffs and counterpunching by global trade partners, four Fidelity portfolio managers convened to discuss the implications, realities, and opportunities that are unfolding in a fluid and rapidly changing environment for portfolio managers who manage active strategies.

By: Celso Muñoz Ramona Persaud Brian Donnelly Asher Anolic

Updated: 4/11/2025

Key Takeaways

Volatility can create opportunity.
Patience is necessary to take advantage of opportunities as they arise.
Diversification matters more when markets disconnect from fundamentals in unpredictable ways.
Attractive valuations and stress on management teams will force hard but necessary business decisions

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Opportunities may arise as valuations become more attractive during current volatility

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