Salient to Investors:

Dominic Rossi at Fidelity Worldwide Investment said:

  • He is looking to buy markets at these levels, particularly US stocks, amid a sell-off exaggerated and exacerbated by poor positioning from hedge funds.
  • Long-only investors had largely maintained their asset allocations, but there has been a massive contraction of hedge fund investments in assets tied to growth.
  • When hedge-funds gets caught, they sell first and ask questions later.
  • Low valuations will lure investors back into the market and end the current spiral downward.
  • US stocks will lead the rebound – to a new high in 2015 – led by a rally in tech, biotech and media companies.
  • Fidelity Worldwide is overweight in US equities and very underweight in emerging markets.

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