Big wins, big downside: How Fidelity is avoiding risk but still looking for winners

Macro shocks aren't going anywhere, and that's making an already expensive global equities market a high-risk place to be making big moves, says Fidelity International's Matt Jones. In this interview, Jones explains how the Fidelity Research Global Equities Fund is taking a risk-focused approach to its stock-picking strategy right now, but why that doesn't mean there's still not plenty of stocks offering promising growth at good valuations. Time codes 0:10 - What Fidelity's positioning tells us about the prospects for stocks 1:58 - How to juggle the pressure of benchmarks with driving alpha 3:34 - How Fidelity narrow down its investable universe 6:57 - Finding the growth opportunities in global equities 10:45 - How emerging markets are upending global markets 11:55 - The opportunities in Australian stocks 13:32 - The global stock the rest of the market is missing