Tuesday night saw Labor's 2023 Federal budget handed down. While many were focused on the household impacts, our analysts were looking at potential impacts on sectors and portfolios. 

In this bonus episode, Portfolio Manager of the Fidelity Australian Opportunities Fund,Casey McLean, Analyst and Portfolio Manager covering healthcare, Zara Lyons and Consumer Analyst, Brendan Mowry give you their budget breakdown.

Have a topic you want us to cover? Email us at podcastsaustralia@fil.com

This episode was recorded 10 May 2023. Read our full disclaimer.

Get the latest insights from Fidelity

Tuesday night saw Labor's 2023 Federal budget handed down. While many were focused on the household impacts, our analysts were looking at potential impacts on sectors and portfolios. 
In this bonus episode, Portfolio Manager of the Fidelity Australian Opportunities Fund, Casey McLean, Analyst and Portfolio Manager covering healthcare, Zara Lyons and Consumer Analyst, Brendan Mowry give you their budget breakdown.
Have a topic you want us to cover? Email us at <a href="mailto:podcastsaustralia@fil.com">podcastsaustralia@fil.com</a>
This episode was recorded 10 May 2023. <a href="https://www.fidelity.com.au/disclaimers/fidelity-sound-bites-podcast-disclaimer/" data-saferedirecturl="https://www.google.com/url?q=https://www.fidelity.com.au/disclaimers/fidelity-sound-bites-podcast-disclaimer/&amp;source=gmail&amp;ust=1683936746795000&amp;usg=AOvVaw2NbEC8gAV6l-lRPnsOt8Zi">Read our full disclaimer.</a>
<a href="https://www.fidelity.com.au/#insights-form" data-saferedirecturl="https://www.google.com/url?q=https://www.fidelity.com.au/%23insights-form&amp;source=gmail&amp;ust=1683936746795000&amp;usg=AOvVaw35mmfadEq84EV8vAxVAsFX">Get the latest insights from Fidelity</a>

Your direct connection to some of Fidelity Australia's leading portfolio managers. Listen in every month as they tell you what’s on their mind when it comes to markets and, their portfolios, as well as special topical bonus episodes.

Your direct connection to some of Fidelity Australia's leading portfolio managers. Listen in every month as they tell you what’s on their mind when it comes to markets and, their portfolios, as well as special topical bonus episodes.

Fidelity Sound Bites

BONUS EPISODE | 2023 Budget: increased focus on consumers and healthcare

Will sector rotations and AI themes reshape global markets in 2026? And how will valuation shifts and re-ratings influence where investors find growth and opportunity?

 

In this episode of Fidelity Sound Bites, Paul Taylor, Zara Lyons, and James Abela explore the forces set to define the year ahead - from the momentum in resources and small caps to evolving valuation dynamics across sectors. They also dive into productivity trends, the implications for Australian equities, and share bold predictions for what could be a year of broader market dispersion and fresh opportunities.

Will sector rotations and AI themes reshape global markets in 2026? And how will valuation shifts and re-ratings influence where investors find growth and opportunity?
&nbsp;
In this episode of Fidelity Sound Bites, Paul Taylor, Zara Lyons, and James Abela explore the forces set to define the year ahead - from the momentum in resources and small caps to evolving valuation dynamics across sectors. They also dive into productivity trends, the implications for Australian equities, and share bold predictions for what could be a year of broader market dispersion and fresh opportunities.

2026 Outlook: Rotations, resources and re-ratings

Everyone’s calling this the bubble before it bursts - and that’s a first.

In this episode, Maroun Younes joins Lukasz de Pourbaix to unpack the AI boom led by mega-cap giants. Are we witnessing a historic overreach or the early innings of a structural revolution?

Tune in for a candid look at valuations, capex, and the physics behind the hype and how investors can tackle this next tech era.

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Explore our insights on the AI Boom and how investors can navigate this next tech era.

Learn more about the Fidelity Global Future Leaders Fund and Active ETF

We’d love to hear from you! Email us at PodcastsAustralia@fil.com with suggestions for episodes or guests. For more information on Fidelity visit fidelity.com.au.

Read our full disclaimer. This episode was recorded 6 November 2025.

Everyone&rsquo;s calling this the bubble&nbsp;before&nbsp;it bursts - and that&rsquo;s a first.
In this episode, Maroun Younes joins Lukasz de Pourbaix to unpack the AI boom led by mega-cap giants. Are we witnessing a historic overreach or the early innings of a structural revolution?
Tune in for a candid look at valuations, capex, and the physics behind the hype and how investors can tackle this next tech era.
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<a href="https://www.fidelity.com.au/adviser-resources/webinars/navigating-the-ai-boom-a-framework-for-investing/?utm_medium=podcast&amp;utm_source=soundbites&amp;utm_campaign=AU_2025_ISS-Wholesale_Awareness_Asset-Class-Equity_Clicks_portfolio-power-play&amp;utm_content=English_audio_audio_AI-bubble_Maroun-webinar" data-saferedirecturl="https://www.google.com/url?q=https://www.fidelity.com.au/adviser-resources/webinars/navigating-the-ai-boom-a-framework-for-investing/?utm_medium%3Dpodcast%26utm_source%3Dsoundbites%26utm_campaign%3DAU_2025_ISS-Wholesale_Awareness_Asset-Class-Equity_Clicks_portfolio-power-play%26utm_content%3DEnglish_audio_audio_AI-bubble_Maroun-webinar&amp;source=gmail&amp;ust=1763074636356000&amp;usg=AOvVaw1ZetCEWMygnlPFjcnUxXd9">Explore our insights</a>&nbsp;on the AI Boom and how investors can navigate this next tech era.
Learn more about the&nbsp;<a href="https://www.fidelity.com.au/funds/fidelity-global-future-leaders-fund/?utm_medium=podcast&amp;utm_source=soundbites&amp;utm_campaign=AU_2025_ISS-Wholesale_Awareness_Asset-Class-Equity_Interaction_global-future-leaders&amp;utm_content=English_audio_audio_AI-bubble-Maroun" data-saferedirecturl="https://www.google.com/url?q=https://www.fidelity.com.au/funds/fidelity-global-future-leaders-fund/?utm_medium%3Dpodcast%26utm_source%3Dsoundbites%26utm_campaign%3DAU_2025_ISS-Wholesale_Awareness_Asset-Class-Equity_Interaction_global-future-leaders%26utm_content%3DEnglish_audio_audio_AI-bubble-Maroun&amp;source=gmail&amp;ust=1763074636356000&amp;usg=AOvVaw31Rjp2eWHvCJRcBbaRgtOB">Fidelity Global Future Leaders Fund</a>&nbsp;and Active ETF
We&rsquo;d love to hear from you! Email us at&nbsp;<a href="mailto:PodcastsAustralia@fil.com">PodcastsAustralia@fil.com</a>&nbsp;with suggestions for episodes or guests. For more information on Fidelity visit&nbsp;<a href="http://fidelity.com.au/" data-saferedirecturl="https://www.google.com/url?q=http://fidelity.com.au&amp;source=gmail&amp;ust=1763074636356000&amp;usg=AOvVaw2c4FlfXGM9BhCehfcdrl5f">fidelity.com.au</a>.
<a href="https://www.fidelity.com.au/disclaimers/fidelity-sound-bites-podcast-disclaimer/" data-saferedirecturl="https://www.google.com/url?q=https://www.fidelity.com.au/disclaimers/fidelity-sound-bites-podcast-disclaimer/&amp;source=gmail&amp;ust=1763074636356000&amp;usg=AOvVaw01cV8CxgJ4rzx5mVY2BRo6">Read our full disclaimer.</a>&nbsp;This episode was recorded 6 November 2025.

Open AI, Amazon, NVIDIA: Bubble or breakthrough?

Twenty years ago, Asia was the world’s factory floor. Today, it’s powering the future of EVs, semiconductors, and AI. Join Fidelity’s Gary Monaghan and Lukasz de Pourbaix as they unpack how the region has evolved, what’s stayed the same, and where the biggest opportunities lie for the years ahead.

Want more? Discover the Fidelity Asia Fund and ETF

We’d love to hear from you! Email us at PodcastsAustralia@fil.com with suggestions for episodes or guests. For more information on Fidelity visit fidelity.com.au.

Read our full disclaimer. This episode was recorded 3 July 2025.

Twenty years ago, Asia was the world&rsquo;s factory floor. Today, it&rsquo;s powering the future of EVs, semiconductors, and AI. Join Fidelity&rsquo;s Gary Monaghan and Lukasz de Pourbaix as they unpack how the region has evolved, what&rsquo;s stayed the same, and where the biggest opportunities lie for the years ahead.
Want more? Discover the <a href="https://www.fidelity.com.au/funds/fidelity-asia-fund/?utm_medium=podcast&amp;utm_source=soundbites&amp;utm_campaign=AU_2025_ISS-Wholesale_Awareness_Asset-Class-ETF_Traffic_asia&amp;utm_content=English_audio_shownotes_From-factories-to-tech-powerhouse" data-saferedirecturl="https://www.google.com/url?q=https://www.fidelity.com.au/funds/fidelity-asia-fund/?utm_medium%3Dpodcast%26utm_source%3Dsoundbites%26utm_campaign%3DAU_2025_ISS-Wholesale_Awareness_Asset-Class-ETF_Traffic_asia%26utm_content%3DEnglish_audio_shownotes_From-factories-to-tech-powerhouse&amp;source=gmail&amp;ust=1759460858515000&amp;usg=AOvVaw1TSi3FPJB4EDyABvUWmpr_">Fidelity Asia Fund</a>&nbsp;and&nbsp;<a href="https://www.fidelity.com.au/funds/fidelity-asia-active-etf/?utm_medium=podcast&amp;utm_source=soundbites&amp;utm_campaign=AU_2025_ISS-Wholesale_Awareness_Asset-Class-ETF_Traffic_asia&amp;utm_content=English_audio_shownotes_From-factories-to-tech-powerhouse" data-saferedirecturl="https://www.google.com/url?q=https://www.fidelity.com.au/funds/fidelity-asia-active-etf/?utm_medium%3Dpodcast%26utm_source%3Dsoundbites%26utm_campaign%3DAU_2025_ISS-Wholesale_Awareness_Asset-Class-ETF_Traffic_asia%26utm_content%3DEnglish_audio_shownotes_From-factories-to-tech-powerhouse&amp;source=gmail&amp;ust=1759460858515000&amp;usg=AOvVaw1wTX_ISrw1YTqc0u2N16br">ETF</a>
We&rsquo;d love to hear from you! Email us at <a href="mailto:PodcastsAustralia@fil.com">PodcastsAustralia@fil.com</a>&nbsp;with suggestions for episodes or guests. For more information on Fidelity visit&nbsp;<a href="http://fidelity.com.au/" data-saferedirecturl="https://www.google.com/url?q=http://fidelity.com.au&amp;source=gmail&amp;ust=1759460858515000&amp;usg=AOvVaw1zdldGgAmKRItm5zNC5wOg">fidelity.com.au</a>.
<a href="https://www.fidelity.com.au/disclaimers/fidelity-sound-bites-podcast-disclaimer/" data-saferedirecturl="https://www.google.com/url?q=https://www.fidelity.com.au/disclaimers/fidelity-sound-bites-podcast-disclaimer/&amp;source=gmail&amp;ust=1759460858516000&amp;usg=AOvVaw2B09IfP4dlYh91ZFAbc1UC">Read our full disclaimer.</a>&nbsp;This episode was recorded 3 July 2025.

BONUS EPISODE | 2023 Budget: increased focus on consumers and healthcare

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