The Bulletin with UBS
331 episodes - English - Latest episode: 5 days ago - ★★★★ - 10 ratingsDelivering insights into the people, places and products shaping the financial week ahead. Hear from the finest minds and freshest thinkers as they take you beyond the numbers and the hype to get to the heart of the day’s big issues.
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Episodes
The next stage: Q2 outlook
April 14, 2024 23:00 - 24 minutes - 22.1 MBWhat is the UBS Wealth Management CIO’s outlook for the second quarter of 2024? Our panellists explain why buoyant equity markets, a soft landing in the US, continued central-bank rate-cutting and the ongoing adoption of artificial intelligence have prompted their focus on technology, durable income and risk management. See omnystudio.com/listener for privacy information.
Global Investment Returns Yearbook
April 07, 2024 23:00 - 22 minutes - 20.4 MBThe Global Investment Returns Yearbook is the authoritative guide to historical long-run returns, most recently published by UBS with the London Business School, and covering all the main asset categories in 35 markets. See omnystudio.com/listener for privacy information.
UBS Global Consumer & Retail Conference
March 25, 2024 00:00 - 23 minutes - 21.2 MBReflections from the UBS Global Consumer & Retail Conference that took place last week in New York. We invite three UBS experts, including US Hardline/Broadline and Food Retail Analyst Michael Lasser, to share their insights into the key narratives that emerged both from the main sessions and on the margins. See omnystudio.com/listener for privacy information.
The Art Basel & UBS Global Art Market Report 2024
March 18, 2024 00:00 - 26 minutes - 24 MBThe eighth annual Art Basel & UBS Global Art Market Report, authored by renowned cultural economist Clare McAndrew, once again provides a comprehensive, macroeconomic analysis of the state of the global art market in the preceding 12 months. We discuss the findings with McAndrew, Art Basel CEO Noah Horowitz and UBS Global Wealth Management chief economist Paul Donovan. See omnystudio.com/listener for privacy information.
International Women’s Day special
March 11, 2024 00:00 - 16 minutes - 15.6 MBWe mark International Women’s Day by taking a deeper dive into a report from the Chief Investment Office (CIO) of UBS Global Wealth Management, which explores how women can realise their lifetime investment goals. With Marianna Mamou, head of advice beyond investing in the UBS CIO. See omnystudio.com/listener for privacy information.
The UBS Financial Services Conference
March 04, 2024 00:00 - 17 minutes - 16.5 MBTakeaways from the 2024 edition, which took place in Key Biscayne, Florida, last week, featuring key industry figures discussing the state of the sector, the dynamics of the year so far and the direction of travel. We get a summary of the event from Brennan Hawken, who covers capital markets in the equity research department at UBS, and Erika Najarian, who heads large cap bank research. See omnystudio.com/listener for privacy information.
ElectionWatch: implications of a potential rematch
February 26, 2024 00:00 - 16 minutes - 15.1 MBWe kick off our coverage of the UBS Global Wealth Management Chief Investment Office ‘ElectionWatch’ series. These reports take the US investment temperature in the build-up to November’s presidential election. The edition published earlier this month and authored by our guest, Tom McLoughlin, managing director and head of fixed income and municipal securities for UBS, is titled, ‘Implications of a potential rematch’. See omnystudio.com/listener for privacy information.
A milestone for the S&P 500
February 19, 2024 00:00 - 14 minutes - 13.2 MBThe S&P 500 closed above 5,000 for the first time last week, having risen almost 5.5 per cent this year. This follows a more than 24 per cent rally for the benchmark US index in 2023 and means that it has doubled since the pandemic-induced low of March 2020. Kiran Ganesh of UBS explains what this means for investors and discusses the potential effect of the ongoing US general-election campaign. See omnystudio.com/listener for privacy information.
The danger of round numbers
February 12, 2024 00:00 - 10 minutes - 9.89 MBUBS Global Wealth Management chief economist Paul Donovan joins the show to discuss his blog, The Danger in Round Numbers, and explains why rounding up prices can have an effect that goes beyond people’s pocket books. See omnystudio.com/listener for privacy information.
Solving the biodiversity challenge: part 2
February 05, 2024 00:00 - 17 minutes - 16.2 MBKatharine Hayhoe is chief scientist at The Nature Conservancy and a member of the UBS Sustainability and Impact Institute Forum. In this follow-up to our earlier coverage of the Institute’s white paper published at the World Economic Forum, Hayhoe discusses nature-based solutions to climate and biodiversity crises. She explains how the world must invest in and work with nature to address these challenges for the sake of current and future generations. See omnystudio.com/listener for priva...
Closing the education disadvantage gap
January 28, 2024 13:42 - 43 minutes - 39.8 MBA special edition of the programme explores how to close the education disadvantage gap in the UK. The system fails many young people, with the gap in outcomes between richest and poorest deeply entrenched and even widening in certain regions. Joining us to explain how they’re addressing the challenge, and why collaboration is critical in driving enduring change, are five very special guests: Steve Rotheram, metro mayor of the Liverpool City Region; Sarah Payne, UK head of social impact and ...
‘Bloom or Bust’: solving the biodiversity challenge
January 22, 2024 00:00 - 23 minutes - 21.6 MBWe examine a white paper published by the UBS Sustainability and Impact Institute at the World Economic Forum Annual Meeting at Davos. ‘Bloom or Bust: Aligning Technology and Finance to Address Biodiversity Challenges’ sets out the key problems that we face, explores the efficacy of existing solutions and considers the role that a combination of finance, government action and deep partnerships can play in aiding nature’s recovery. Featuring William Nicolle of UBS and Leland Werden of ETH Zür...
What’s ahead for crypto in 2024?
January 15, 2024 00:00 - 19 minutes - 18.3 MBAfter a strong rebound in 2023 that saw top coins increase in value by high-double to triple-digit percentages, what lies ahead for crypto assets? Michael Bolliger and Antoinette Zuidweg from the UBS Global Wealth Management Chief Investment Office tell us why the new year might bring further opportunities for trading-oriented investors who believe that they can time crypto assets – and why they remain unconvinced, for now, by disruptive real-world use-cases. See omnystudio.com/listener fo...
Looking ahead part two: the next decade
January 08, 2024 00:00 - 12 minutes - 11.9 MBConcluding our two-part series in which we discuss 2024 and beyond, we consider the themes set to define the next decade, with insights and observations from Paul Donovan, Kiran Ganesh, Antoinette Zuidweg and Tony Petrov. See omnystudio.com/listener for privacy information.
Looking ahead part one: the next 12 months
January 01, 2024 00:00 - 27 minutes - 25.4 MBKicking off a special two-part edition in which we look ahead at 2024 before expanding our horizons and considering the themes that might define the next decade. Featuring insights and observations from Paul Donovan, Kiran Ganesh, Dominic Schnider, Antoinette Zuidweg and Tony Petrov. See omnystudio.com/listener for privacy information.
UBS Philanthropy Compass
December 25, 2023 00:00 - 18 minutes - 17 MBWith the season of giving in full swing, we take a timely look at the space with UBS Head of Social Impact & Philanthropy, Tom Hall. Tom explains what exactly his team means by “making an impact” and how collaboration amplifies successful outcomes. See omnystudio.com/listener for privacy information.
UBS Billionaire Ambitions Report 2023
December 18, 2023 00:00 - 13 minutes - 12.5 MBThe UBS Billionaire Ambitions Report 2023 is subtitled: “Changing of the guard: The coming era of wealth succession and the drive for greater purpose”. Max Kunkel, CIO for global family and institutional wealth within UBS Global Wealth Management, joins the show to discuss the findings, including the fact that – for the first time in nine editions of the report – billionaires have accumulated more wealth through inheritance than entrepreneurship. Kunkel explains how a new cohort of multigen...
UBS European Conference review part three: economic equality
December 11, 2023 00:00 - 17 minutes - 16.1 MBThe last in a short series of programmes discussing some of the key panels and themes from the 2023 UBS European Conference. Beatriz Martin, head of non-core and legacy at UBS, joins us to reflect on her conversation with Cherie Blair in London. Up for discussion were women’s economic equality, the importance of mentorship and the issues facing female entrepreneurs today. See omnystudio.com/listener for privacy information.
UBS European Conference review part two: equity markets
December 04, 2023 00:00 - 16 minutes - 14.9 MBThe latest in our series of programmes unpacking some of the key panels and themes from the 2023 edition of the UBS European Conference. This week we turn to equity markets and hear from James Arnold, global co-head of strategic insights and advisory, and Gareth McCartney, global co-head of equity capital markets. Up for discussion: have we reached a turning point for UK capital markets? See omnystudio.com/listener for privacy information.
Focus on China
November 27, 2023 00:00 - 21 minutes - 20.2 MBWhat are the compelling opportunities that remain at the end of China’s multi-decade period of high growth? We focus on the country and explore its importance to investors – and to the world – through the prism of UBS’s ‘Panorama’ publication. UBS Asset Management’s head of investments, Barry Gill, and head of sustainable investing, Lucy Thomas, are here to remind us why China is so important and to address some of the main misconceptions about the country. See omnystudio.com/listener for ...
UBS European Conference review part one: US and European outlook
November 19, 2023 11:35 - 19 minutes - 17.9 MBThe first in an occasional series exploring some of the key panels and themes from the 2023 edition. Ahead of programmes focused on equity markets and gender equality, we begin with the outlook for the US courtesy of UBS chief US economist Jonathan Pingle. Plus: we take the temperature on the other side of the Atlantic with UBS European economist Anna Titareva. See omnystudio.com/listener for privacy information.
Another “Roaring Twenties” for the US?
November 13, 2023 00:00 - 15 minutes - 13.9 MBWe are joined by two of the authors of a new report from the Chief Investment Office of UBS Global Wealth Management that explores whether the US is set for another “Roaring Twenties”. The economy has evolved in unexpected ways this year, so Jason Draho and Paul Hsiao are here to explain why the macro picture is so unusual and what the secular trends are that will shape the supply side for good (and bad) this decade. See omnystudio.com/listener for privacy information.
The Art Basel & UBS Survey of Global Collecting 2023
November 06, 2023 00:00 - 17 minutes - 15.7 MBInsights into the behaviours and attitudes of high-net-worth art collectors around the world. Discover why there was a greater engagement with research-based acquisitions and why these collectors are optimistic about the market in 2024. Featuring report author and renowned cultural economist Clare McAndrew and UBS chief economist Paul Donovan. See omnystudio.com/listener for privacy information.
From the archive: Daniel Kahneman
October 30, 2023 00:00 - 18 minutes - 17.2 MBAnother chance to hear this special episode featuring the brilliant Daniel Kahneman. To address the big questions that shape our world, UBS has sought out a number of economic science Nobel laureates and asked them to share insights, discuss their research and open their inquiring minds. Kahneman won in 2002 for integrating insights from psychological research into economics, especially concerning human judgement and decision-making under uncertainty. Here he discusses his 2021 book ‘Noise: ...
Can natural capital accounting help to meet biodiversity goals?
October 22, 2023 23:00 - 15 minutes - 14.5 MBWilliam Nicole from the UBS Sustainability & Impact Institute explains how this economic approach could help to address the urgent challenge of global biodiversity loss. With biodiversity diminishing at an alarming pace, it’s clear that the world needs new tools to sustainably manage environmental resources for the long term. Can NCA offer the solution? See omnystudio.com/listener for privacy information.
Global Visionaries special: Financing Alliance for Health
October 15, 2023 23:00 - 26 minutes - 24 MBAngela Gichaga is the CEO of the Financing Alliance for Health and one of the inspirational innovators that UBS supports and celebrates through its Global Visionaries programme. Angela is joined at Monocle’s HQ in Zürich by Tom Hall, Global Head of Social Impact & Philanthropy at UBS, to discuss the critical importance of strengthening, scaling and sustaining community health systems. See omnystudio.com/listener for privacy information.
Electric vehicles: Q-Series teardown of the BYD Seal
October 08, 2023 13:35 - 28 minutes - 25.8 MBUBS Q-Series research connects the dots across asset classes, geographies and sectors. Today we hear from the analysts behind UBS Evidence Lab’s newest teardown of the electric car. In this most recent iteration, the EV in the frame is the latest mass-market effort from China’s number-one car maker, the BYD Seal. With Patrick Hummel and François-Xavier Bovignies. See omnystudio.com/listener for privacy information.
‘Rethink, Rebuild, Reimagine’
October 01, 2023 23:00 - 20 minutes - 18.6 MBA special edition of the programme exploring ‘Rethink, Rebuild, Reimagine: The Untapped Opportunity and Overlooked Risk in Buildings and Structures’, a new white paper from the UBS Sustainability and Impact Institute. Two of its co-authors, the UBS ESG analysts William Nicolle and Richard Mylles, join us to explain what rethinking, rebuilding and reimagining buildings and structures can – and must – look like to best balance urban growth and sustainability. See omnystudio.com/listener for p...
‘The UBS Global Real Estate Bubble Index 2023’
September 24, 2023 23:00 - 20 minutes - 18.9 MBWe discuss UBS’s annual report that assesses urban housing markets around the world and gauge the “bubble risk” in residential property markets in 25 major cities. The 2023 edition looks at the effect of the abrupt end of the low-interest-rate environment. With Matthias Holzhey, Dean Turner and Jonathan Woloshin. See omnystudio.com/listener for privacy information.
European Central Banks
September 16, 2023 23:00 - 12 minutes - 11.5 MBWe discuss the decision by the ECB to raise interest rates to an all-time high of 4 per cent. What will the impact be on the Eurozone economy? And how will the Swiss National Bank react? Dean Turner and Tom Flury explain. See omnystudio.com/listener for privacy information.
What happens when AI takes over?
September 10, 2023 23:00 - 15 minutes - 14.2 MBForget the recent hype surrounding artificial intelligence (AI) and join us for a look at the clear economic application for the new technology. Paul Donovan of UBS explains why the economics of AI are also those of disruption. Donovan also discusses the four broad areas where AI might make the greatest impact: jobs, growth, inflation and politics. See omnystudio.com/listener for privacy information.
“Marketheimer”
September 03, 2023 23:00 - 15 minutes - 13.8 MBMillions of global theatre-goers have enjoyed the “Barbenheimer” cinematic experience this summer. But what happens if you apply the idea of two apparently incongruous events happening at the same time to markets as well as films? UBS’s Jason Draho joins us to explain how contradictory evidence and conflicting interpretations of data and policy moves can create “Marketheimer” events. See omnystudio.com/listener for privacy information.
Global Visionaries special: Perkins School for the Blind
August 27, 2023 23:00 - 18 minutes - 17.1 MBDave Power is the president and CEO of Perkins School for the Blind, as well as one of the inspirational innovators who UBS supports and celebrates through its Global Visionaries programme. Power and his team provide world-leading education services for children and young adults who have multiple disabilities and visual impairments. He is joined at Monocle’s Zürich HQ by Tom Hall, global head of social impact and philanthropy at UBS, to discuss the transformational power of universal, lifelo...
Global Wealth Report 2023
August 20, 2023 23:01 - 27 minutes - 25 MBThe 14th edition of the Global Wealth Report, the first launched jointly by UBS and Credit Suisse, reveals valuable insights about the state of the global economy and society, as well as the shifting meaning and potential of prosperity. Discussing the findings are Paul Donovan, chief economist in UBS Global Wealth Management; Nannette Hechler-Fayd’herbe, chief investment officer for the EMEA region and global head of economics and research at Credit Suisse; and economist, wealth researcher a...
Longer Term Investments: Obesity
August 13, 2023 10:17 - 15 minutes - 14 MBThere have been plenty of recent headlines about new, more efficacious weight-loss drugs to treat excess body fat. The global number of people with obesity continues to rise at pace – and shows no signs of falling for years to come. So what does this mean in terms of trends and opportunities for smart investors? See omnystudio.com/listener for privacy information.
Inflation discrimination
August 07, 2023 00:00 - 10 minutes - 9.46 MBPaul Donovan, chief economist at UBS Global Wealth Management in London, joins the show to unpack his recent blog discussing inflation discrimination. What complications can arise when official inflation data fails to take into account different forms of price discrimination? See omnystudio.com/listener for privacy information.
Investor Watch: Plotting a successful business sale
July 30, 2023 23:00 - 14 minutes - 13.6 MBThe latest UBS global Investor Watch report surveyed more than 500 US business owners who recently sold up or are considering doing so within the next five years. Bianca Benedetti-Fang, executive director of the UBS Business Owner Client Segment team, joins the show to discuss the report’s findings. See omnystudio.com/listener for privacy information.
Corporate Pride
July 23, 2023 23:00 - 11 minutes - 10.3 MBPaul Donovan, chief economist of UBS Global Wealth Management in London, joins the show to unpack his recent blog discussing corporate Pride. Corporate involvement in Pride events and rallies has long attracted controversy and enthusiasm in almost equal measure but as Paul explains, there are some differences in the tone and source of criticism this year. See omnystudio.com/listener for privacy information.
The UBS Future-Now Conference
July 16, 2023 22:55 - 25 minutes - 23.6 MBThe first Future-Now Conference took place in Hong Kong last month, bringing together investors, founders, UBS specialists and companies to discuss current and future trends. In this edition, we hear from the keynote delivered by renowned futurist Azeem Azhar: ‘Four key themes for the exponential age’. Azhar is creator of the acclaimed Exponential View newsletter and the best-selling author of ‘Exponential: Order and Chaos in an Age of Accelerating Technology’. See omnystudio.com/listener f...
Global Visionaries special: Earth Security
July 09, 2023 13:48 - 29 minutes - 27.3 MBEarth Security founder and CEO Alejandro Litovsky is another of the inspirational thought-leaders and innovators that UBS supports and celebrates through its Global Visionaries programme. Litovsky is joined at Monocle’s headquarters in Zürich by Tom Hall, global head of social impact and philanthropy at UBS, to discuss investing through a natural-asset lens. See omnystudio.com/listener for privacy information.
The UBS Reserve Manager Survey 2023
July 02, 2023 12:37 - 21 minutes - 19.6 MBThe annual UBS Reserve Management Seminar and its resulting survey provide one of the most authoritative depictions of official reserve management activities. This year’s research was conducted between April and June, collecting responses from nearly 40 central banks from all regions globally. What was discussed at the conference – and what can we learn from the freshly published survey? With UBS’s Massimiliano Castelli and professor Arturo Bris. See omnystudio.com/listener for privacy info...
Balancing act: UBS’s investment outlook
June 25, 2023 14:47 - 27 minutes - 25.2 MBOur panel from UBS Global Wealth Management’s chief investment office explains why we face a balancing act in the second half of the year. There’s a path for higher stocks but it is narrow: economic growth can neither be so strong as to force the US Federal Reserve into further hikes, nor be so weak as to drive fears of a recession. Our experts discuss what smart investors can do over the coming months. With Nadia Lovell, Kiran Ganesh and Paul Donovan. See omnystudio.com/listener for privac...
‘Own Your Worth’ 2023
June 18, 2023 16:18 - 16 minutes - 15.5 MBCarey Shuffman, head of UBS’s US women’s segment, guides us through the latest edition of the annual report that explores how women approach their financial wellbeing. Shuffman tells us how she and her colleagues compiled this year’s data, reveals some of its key findings and reminds us why a sharp focus on women’s financial participation remains as vital as ever. See omnystudio.com/listener for privacy information.
The Art Basel & UBS Global Art Market Report
June 11, 2023 23:30 - 29 minutes - 26.7 MBAs Art Basel begins we are discussing this year’s Art Basel & UBS Global Art Market Report. It contains annual deep-dive research that provides a comprehensive, macroeconomic analysis of the state of the global art market. So what does the latest edition reveal? Find out with report author and Arts Economics founder Clare McAndrew, Marco Antonini from UBS Art Advisory and UBS chief economist Paul Donovan. See omnystudio.com/listener for privacy information.
UBS Global Family Office Report 2023
June 04, 2023 09:46 - 14 minutes - 13.5 MBThis year’s edition of the UBS Global Family Office Report documents the findings of a survey of 230 single-family offices around the world. Max Kunkel, CIO for global family and institutional wealth within UBS Global Wealth Management, joins the programme to explain why family offices are planning a major shift in strategic asset allocation. See omnystudio.com/listener for privacy information.
Debt ceiling deadline
May 28, 2023 10:11 - 17 minutes - 16.2 MBLeslie Falconio and Tom McLoughlin from the UBS Wealth Management Chief Investment Office in the US join the programme to discuss the current crisis and consider the different pathways to resolution. See omnystudio.com/listener for privacy information.
Metaverse
May 21, 2023 15:29 - 23 minutes - 21.1 MBWe discuss the recent longer-term investment paper from UBS Global Wealth Management’s chief investment office, which is focused on the metaverse. Our panel explains that while the full realisation of the metaverse may take as long as a decade to occur, they expect iterative improvements in related infrastructure, AI and experiences over the next few years. With insights from the report’s lead authors Kevin Dennean, Michelle Laliberte and Antoinette Zuidweg. See omnystudio.com/listener for ...
The rise of the impact economy – part 2
May 14, 2023 10:16 - 31 minutes - 28.7 MBThe second of a double bill exploring the impact economy. Prompted by a new white paper from The UBS Sustainability & Impact Institute, we discuss the most critical issues in sustainable finance today. The UBS S&I Forum was established last year to drive the discourse and today we meet one of its founding members, CEO of Conexus Financial, Fiona Reynolds. Plus: insights from UBS Global Wealth Management chief economist, Paul Donovan. See omnystudio.com/listener for privacy information.
The rise of the impact economy – part 1
May 11, 2023 15:58 - 30 minutes - 28 MBThe first of a double bill exploring the impact economy. Prompted by a new white paper from the UBS Sustainability and Impact Institute, we discuss the most critical issues in sustainable finance today. The UBS Sustainability and Impact Forum was established last year to drive the discourse and today we meet one of its founding members, Sir Partha Dasgupta, Professor Emeritus of Economics at the University of Cambridge. Much of Sir Partha’s celebrated research has covered ecological economic...
Emerging markets focus
April 30, 2023 14:16 - 11 minutes - 10.4 MBThough not wholly immune to ongoing stresses in the global banking sector, emerging markets seem to be marching to a different beat. Alejo Czerwonko, chief investment officer emerging markets Americas at UBS, explains why and tells us what this means for portfolio positioning. See omnystudio.com/listener for privacy information.