The annual UBS Global Investment Returns Yearbook offers an opportunity to take a step back from the daily news cycle and reflect on drivers of returns over the long-term. This is always a valuable exercise for investors.
Beating inflation over the long-term
In times of geo-political tensions, it can be easy to move to ‘safer’ investments. The ...
Intergenerational bickering continues and with over 50% of voters in the Gen Z and Millennial cohorts, Canberra is listening to the grievances from young Australians.
Allegra Spender the independent member for Wentworth released a 75-page tax reform white paper and Treasurer Jim Chalmers has announced there will be significant tax changes included in ...
For all the talk of energy transitions, oil and gas markets remain at the centre of the global economy.
When oil and gas are cheap, inflation is low and growth is strong. When they rise sharply, the opposite usually follows.
That matters for Australia because oil and gas are becoming more expensive as the US escalates its war with Iran.
Reflecting ...
GLI dividend yields attractive in absolute terms and relative to history
For over twenty years, the global listed infrastructure asset class (GLI) has consistently generated dividend yields in the 3%-4% range. As valuation multiples have declined in the past few years, dividend yields have expanded into the upper half of this range.
The sustainability ...
The new war in Iran is about to hand politicians yet another ‘get out of jail free card’ – to blame rising oil prices for inflation, diverting attention from the real causes of persistent inflation: loose fiscal policies (spending sprees financed by deficits and rising debts), loose monetary policies (low nominal and real interest rates), plus some ...
In October 2025, after a string of poor election results, the Liberal Democratic Party (LDP) chose Takaichi Sanae to become Prime Minister - Japan’s first female PM. Within months of her ascent, PM Takaichi went to the people and achieved a staggering result – a supermajority of more than two-thirds of the lower house. We believe her election success ...
If you’ve walked past ABC Bullion in Sydney’s Martin Place in recent months, you may have noticed the steady queues forming outside. What’s behind the recent ‘gold rush’?
Gold recently overtook US Treasuries as the largest reserve asset held by foreign central banks. A reserve asset is a store of value that a country’s central bank keeps on hand (such ...
Global debates about human wellbeing have increasingly centred on sustainability and the ambitions of the Sustainable Development Goals (SDGs), established by the United Nations (UN) to guide economic development and social progress across both developing and advanced economies. Institutions like the United Nations Development Programme (UNDP) and the ...
Earlier this week Morningstar analysts took the unusual step of downgrading the Morningstar Moat Rating on seven US listed and four Australian listed software shares. The moat rating signifies the ability of a company to hold competitors at bay through a sustainable competitive advantage. The reason for the downgrades – the threat of AI.
Technological ...
Former Treasurer Peter Costello recently published an opinion piece titled “We’ve wasted 20 years. It’s time to rebuild our great nation.” The timeframe he references coincides with the period since he left the Treasurer role following the 2007 election.
Notably, the article proposed little in the way of strategic fiscal reform beyond a call to reduce ...
Whenever I make a speech to retirees, I always begin with one of the most basic questions people need to think about. It’s almost inevitable that at some point you – or your partner, if you’re in a couple – will need care. Is your home one where that care can be provided? That became very real for me two years ago when I broke my ankle and discovered ...
For the past few decades, being in shape was the ultimate ‘proof of work’. You couldn’t buy it. You had to earn it. Unless you had top 5% genetics, you had to build your physique through diet and exercise.
But then something incredible happened. GLP-1 agonists (like Ozempic) hit the market and, overnight, a better body was only a weekly injection away. ...
The annual UBS Global Investment Returns Yearbook offers an opportunity to take a step back from the daily news cycle and reflect on drivers of returns over the long-term. This is always a valuable exercise for investors.
Beating inflation over the long-term
In times of geo-political tensions, it can be easy to move to ‘safer’ investments. The ...
Intergenerational bickering continues and with over 50% of voters in the Gen Z and Millennial cohorts, Canberra is listening to the grievances from young Australians.
Allegra Spender the independent member for Wentworth released a 75-page tax reform white paper and Treasurer Jim Chalmers has announced there will be significant tax changes included in ...
For all the talk of energy transitions, oil and gas markets remain at the centre of the global economy.
When oil and gas are cheap, inflation is low and growth is strong. When they rise sharply, the opposite usually follows.
That matters for Australia because oil and gas are becoming more expensive as the US escalates its war with Iran.
Reflecting ...
GLI dividend yields attractive in absolute terms and relative to history
For over twenty years, the global listed infrastructure asset class (GLI) has consistently generated dividend yields in the 3%-4% range. As valuation multiples have declined in the past few years, dividend yields have expanded into the upper half of this range.
The sustainability ...
The new war in Iran is about to hand politicians yet another ‘get out of jail free card’ – to blame rising oil prices for inflation, diverting attention from the real causes of persistent inflation: loose fiscal policies (spending sprees financed by deficits and rising debts), loose monetary policies (low nominal and real interest rates), plus some ...
In October 2025, after a string of poor election results, the Liberal Democratic Party (LDP) chose Takaichi Sanae to become Prime Minister - Japan’s first female PM. Within months of her ascent, PM Takaichi went to the people and achieved a staggering result – a supermajority of more than two-thirds of the lower house. We believe her election success ...
If you’ve walked past ABC Bullion in Sydney’s Martin Place in recent months, you may have noticed the steady queues forming outside. What’s behind the recent ‘gold rush’?
Gold recently overtook US Treasuries as the largest reserve asset held by foreign central banks. A reserve asset is a store of value that a country’s central bank keeps on hand (such ...
Global debates about human wellbeing have increasingly centred on sustainability and the ambitions of the Sustainable Development Goals (SDGs), established by the United Nations (UN) to guide economic development and social progress across both developing and advanced economies. Institutions like the United Nations Development Programme (UNDP) and the ...
Earlier this week Morningstar analysts took the unusual step of downgrading the Morningstar Moat Rating on seven US listed and four Australian listed software shares. The moat rating signifies the ability of a company to hold competitors at bay through a sustainable competitive advantage. The reason for the downgrades – the threat of AI.
Technological ...
Former Treasurer Peter Costello recently published an opinion piece titled “We’ve wasted 20 years. It’s time to rebuild our great nation.” The timeframe he references coincides with the period since he left the Treasurer role following the 2007 election.
Notably, the article proposed little in the way of strategic fiscal reform beyond a call to reduce ...
Whenever I make a speech to retirees, I always begin with one of the most basic questions people need to think about. It’s almost inevitable that at some point you – or your partner, if you’re in a couple – will need care. Is your home one where that care can be provided? That became very real for me two years ago when I broke my ankle and discovered ...
For the past few decades, being in shape was the ultimate ‘proof of work’. You couldn’t buy it. You had to earn it. Unless you had top 5% genetics, you had to build your physique through diet and exercise.
But then something incredible happened. GLP-1 agonists (like Ozempic) hit the market and, overnight, a better body was only a weekly injection away. ...
