Monocle 24: The Bulletin With Ubs

The 4Q outlook from the UBS Global Wealth Management CIO explains why a third quarter characterised by volatility means that the time is right to be invested, diversified and selective. Our panel outlines the themes that represent CIO market preferences: defensives, income, value, diversity and security. With Vince Heaney and Antoinette Zuidweg. See omnystudio.com/listener for privacy information.

To help address the big questions that shape our world, UBS has sought out a number of Nobel laureates in the Economic Sciences to share insights, discuss their research and open their inquiring minds. This week we hear from David Card, 2021’s winner for his contribution in the field of labour economics. Card explains what drives wage inequality within the labour market. See omnystudio.com/listener for privacy information.

A freshly published report from the Chief Investment Office of UBS Global Wealth Management presents the bank’s Longer Term Investment (LTI) themes for a multi-year investment horizon. Our panellists explain how UBS approaches sustainable investing for LTIs and discuss some of the individual investment topics that are driven by both big secular themes and other more disruptive forces.See omnystudio.com/listener for privacy information.

Reflections on the Fed, inflation, ongoing volatility and the likelihood of a recession in the eurozone. The panel discusses what UBS chief investment officer Mark Haefele has described as the economic ‘bizarro world’ in which we currently find ourselves. And, later in the programme, we’ll head Stateside for a quick update following the Fed Chair’s hawkish speech on inflation at Jackson Hole.See omnystudio.com/listener for privacy information.

To mark United Nations international literacy day, we shine a spotlight on a new UBS publication: ‘Learning for Life: A Guide for Philanthropists and Changemakers to Bring Quality Education to All’. The paper explores how to achieve UN Sustainable Development Goal No 4, which aims to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all. As well as the CEO of the UBS Optimus Foundation, we hear from education innovator Joe Wolf of Imagine Worldwide, one of the thought leaders and innovators that UBS supports and celebrates through its Global Visionaries programme. See omnystudio.com/listener for privacy information.

With the US dollar index hitting its highest level in 20 years, investors have certainly been paying closer attention to foreign exchange markets. Today we dip into a recent tutorial on the theme from the UBS Global Wealth Management CIO to explore various factors that drive currency movement. See omnystudio.com/listener for privacy information.

We celebrate 75 years of the world-famous festival and its 40-year partnership with UBS. The managing director tells us about the event’s evolving mission through the years, how film festivals can shape the public discourse, as well as a more sustainable future, and the latest exciting manifestation of the UBS partnership: the new ‘Futurespectives’ podcast.See omnystudio.com/listener for privacy information.

Christoph Gebald of Climeworks is one of the thought leaders and innovators that UBS supports and celebrates through its Global Visionaries programme. Climeworks’ mission is to capture and permanently remove carbon dioxide from the air using a technology called “direct air capture”. Founded by Gebald and his engineering partner Jan Wurzbacher, the company strives to inspire one billion people to act now, in order to remove both historic and residual CO2 emissions and limit global warming.See omnystudio.com/listener for privacy information.

With costs soaring, why are consumers still going on holiday? Paul Donovan, chief economist of UBS Global Wealth Management, joins us to reflect on the phenomenon and to consider what it means for economic forecasting.See omnystudio.com/listener for privacy information.

What could a shift in the balance of domestic US power after the midterms mean for the relationship between the two global powerhouses? Our guests in the US and Hong Kong unpack the complexities of the political and economic dynamics between Beijing and Washington. See omnystudio.com/listener for privacy information.

Exploring the new white paper from the UBS Sustainability & Impact Institute. Joining the discussion are the head of the institute, Mike Ryan, as well as Judson Berkey from the Chief Sustainability Office at UBS. They discuss what’s required in order to preserve and regenerate the earth’s limited stock of natural capital, from policy innovations and new frameworks to the role that investors and the private sector can play. See omnystudio.com/listener for privacy information.

Wayne Gordon and Giovanni Staunovo join us to discuss a UBS Global Wealth Management CIO report that focuses on agriculture. They talk about how the war in Ukraine has affected the sector, the pressure caused by high energy prices and the profound challenges posed by climate change.See omnystudio.com/listener for privacy information.

We’re joined by the co-head of global markets distribution within UBS Investment Bank for an update on last week’s conference on sustainable finance. Kevin Arnold sums up the event and discusses some of the key questions in the environmental, social and governance (ESG) field.See omnystudio.com/listener for privacy information.

The most authoritative survey of official reserve management activities was conducted between April and June, collecting responses from more than 30 central banks around the world. The head of strategy and advice in UBS Asset Management’s global sovereign market team joins us to discuss managers’ economic concerns, their thoughts on strategic asset allocation and the effects of sanctions and geopolitics on their work.See omnystudio.com/listener for privacy information.

Will the second half of 2022 see stagflation or reflation, soft landing or slump? Those are four scenarios unpacked in the UBS Wealth Management CIO’s Q3 Outlook. The report’s editor in chief, Kiran Ganesh, joins Paul Donovan, chief economist of UBS Wealth Management, to discuss the findings.See omnystudio.com/listener for privacy information.

Monocle’s culture editor, Chiara Rimella, reports from Art Basel as we mark UBS’s ongoing global lead partnership with the fair. The programme features UBS’s Christl Novakovic, Giovanni Carmine, director of the fair’s Unlimited section, and Samuel Leuenberger, curator of its Parcours strand. See omnystudio.com/listener for privacy information.

The chief investment officer for global family and institutional wealth at UBS Wealth Management discusses the third iteration of the world’s largest and most comprehensive study of single-family offices. What explains the current period of transformation? And why is a significant strategic shift in asset allocation, first discussed in last year’s edition, continuing to gain pace?See omnystudio.com/listener for privacy information.

Chris and Jennifer of Afriscout are two of the thought leaders and innovators that UBS supports and celebrates through its Global Visionaries programme. Afriscout’s mission is to address the enormous challenges faced by African livestock herders, who collectively lose a third of their animals every year due to inadequate pasture or water.See omnystudio.com/listener for privacy information.

Carey Shuffman, head of the women’s segment at UBS, gives insights into the latest in the company’s series of reports that collect data from women in the US and around the world about how they approach and engage with major financial decisions. This year’s edition has some striking findings: women are increasingly acting on their convictions to pursue greater purpose in their lives and intentionally using their financial resources, time and purchasing power in a way that aligns with their values. See omnystudio.com/listener for privacy information.

The war in Ukraine has accelerated a number of trends fuelled by the pandemic and has put international relationships and global dependencies under scrutiny. The conflict promises to reshape with whom – and how – business is done, as international relationships and alliances are reassessed. Our UBS panel unpacks three key trends in this changed world: the so-called “three Ds” of deglobalisation, decarbonisation and defence. See omnystudio.com/listener for privacy information.