Fidelity Europe Quality Income UCITS ETF EUR · XETR:FEUI
Fidelity Europe Quality Income UCITS ETF EUR — Fidelity International — Investor Presentation (2025)
12 slides from Fidelity Europe Quality Income UCITS ETF EUR's investor presentation, 2025
Slide 1: For investment professional use only
For investment professional use only and not for general public distribution
Slide 2: Four scenarios for US in 2025
Four scenarios for US in 2025 Scenario 1: 4%+ Reflation 50% 3 1 3% Stagflation Reflation Scenario 2: Soft landing Inflation rate 20% Scenario 3: 2% 2 4 Stagflation Recession Soft landing Goldilocks 20% Scenario 4: <0% Cyclical recession <-2% 0% <2% 3% 4%+ 10% Growth (GDP per annum) Note: Inflation r
Slide 3: Ready to reflate?
Ready to reflate? Lower inflation should allow the Fed to deliver more monetary easing, for now 10% 6% 9% 5% 8% 7% 4% 6% 5% 3% 4% 2% 3% 2% 1% 1% 0% 0% Jan 2017 Jul 2017 Jan 2018 Jul 2018 Jan 2019 Jul 2019 Jan 2020 Jul 2020 Jan 2021 Jul 2021 Jan 2022 Jul 2022 Jan 2023 Jul 2023 Jan 2024 Jul 2024 Jan 2
Slide 4: Shoulder to the wheel
Shoulder to the wheel Chinese monetary support set to grow 6 7 Forecast 5 6 4 5 3 4 2 % % 3 1 2 0 -1 1 -2 0 31/01/2012 30/09/2013 31/05/2015 31/01/2017 30/09/2018 31/05/2020 31/01/2022 30/09/2023 31/05/2025 CPI Policy rate (RHS) Source: Bloomberg, Fidelity International, November 2024. 4
Slide 5: Financial conditions look supportive
Financial conditions look supportive 2000 105 1800 104 1600 103 1400 102 Basis points 1200 101 1000 100 800 99 600 98 400 200 97 0 96 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 US HY OAS (LHS) EM Hard Debt OAS (LHS) GS US Financial Condit
Slide 6: Regional views
Regional views Aggregate earnings growth estimates through 2026 Growth, YoY 18% 15.7% 15.6% 16% 14% 14% 11.9% 12.2% 11.6% 11.5% 12% 10.7% 10% 8.3% 7.7% 7.7% 8% 7.1% 5.9% 5.8% 6.1% 6% 4% 2.9% 2% 0% -2% -4% -3.3% -4.5% -6% Global US Europe APxJ Japan EMEA/LATAM 2024 2025 2026 Source: Fidelity Internat
Slide 7: An ageing world
An ageing world Demand for healthcare will grow strongly in the decades to come By 2050, the 65+ population is expected to go from 720m to 1.5bn people World in 2000 (millions of people) World in 2050 (millions of people) 100+ 100+ 95-99 95-99 90-94 90-94 85-89 85-89 80-84 80-84 75-79 75-79 70-74 70
Slide 8: Fed dot plot shows policy pessimism
Fed dot plot shows policy pessimism 6 5 4 3 2 1 0 15/05/2019 01/12/2019 18/06/2020 04/01/2021 23/07/2021 08/02/2022 27/08/2022 15/03/2023 01/10/2023 18/04/2024 04/11/2024 23/05/2025 US Treasury 2y2y forward yield Median FOMC assessment of appropriate federal funds rate at end of Year 3 Source: Bloom
Slide 9: Alternative AUM by asset class
Alternative AUM by asset class 30,000 25,000 20,000 AUM ($bn) 15,000 10,000 5,000 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023F 2024F 2025F 2026F 2027F 2028F Private equity Venture capital Hedge funds Private debt Real estate Infrastructure Natural resources Excludes funds
Slide 10: Three scenarios for China in 2025
Three scenarios for China in 2025 Balancing act in shifting landscape Growth Inflation Monetary policy Fiscal policy Scenario 1: The pace of recovery gradually gains momentum as consumption improves. Policymakers accelerate the fiscal The PBoC cuts benchmark rates and Controlled The property sector
Slide 11: Multi Asset: Our best ideas
Multi Asset: Our best ideas Tilting towards Structural Defence Carry Alternatives Value Themes ++ Global Mid-Caps ++ Leveraged Loans Scenario 1: + Future Financials + Japanese Equities, + Dividend Futures + Transition Materials / -- Bond Proxies ++ Absolute Returns FX-Hedged + Convertible Bonds Refl
Slide 12: Important Information
Important Information This document is for Investment Professionals only and should not be relied on by private investors. This document is provided for information purposes only and is intended only for the person or entity to which it is sent. It must not be reproduced or circulated to any other p
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