Money is no longer free, investor risk tolerance has come right back, we’re living with higher rates and then there’s the cost-of-living crisis. So how have mid and small caps been impacted in the most recent reporting season? James gives his insights into February’s reporting season, covering the companies that disappointed and why quality businesses have been rewarded. This episode was recorded 8 March 2023. Read our full disclaimer. Find out more about the Fidelity Future Leaders Fund Get the latest insights from FidelitySee omnystudio.com/listener for privacy information.

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