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Fidelity: Worst Impact of Tariffs Is Over; Midcap Stocks in CN/ JP/ Germany Liked
Financial markets have already seen the worst impact of US tariffs, George Efstathopoulos, Multi Asset Portfolio Manager at Fidelity International, said. With an improving outlook,...
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Financial markets have already seen the worst impact of US tariffs, George Efstathopoulos, Multi Asset Portfolio Manager at Fidelity International, said.

With an improving outlook, he was optimistic about the performance of midcap stocks. Midcap stocks in Japan, Germany and China accounted for approx. 11% of Fidelity's growth and income fund, making them some of the strategy's highest conviction trades.

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The US tariff announcement on 2 April led to a global stock market plunge, but the worst is now over, Efstathopoulos added. Besides the Japanese and German stock markets, he was also optimistic about Chinese companies, as further fiscal stimulus measures are expected in China. He believed that, with the 'national team' supporting the market, the risk of losses will also be limited.

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