The Bulletin with UBS

Gender-lens investing

Sun, 12 Apr 2026 23:00:00 +0000

Amantia Muhedini of UBS explains how a new report that mapped the investable universe and proposes a “theory of change” approach can help clients to invest through a gender lens and close the gender-wealth gap.

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Navigating uncertainty: UBS Q2 outlook

Sun, 05 Apr 2026 23:00:00 +0000

Kiran Ganesh of the UBS Global Wealth Management CIO joins the show to explain how smart investors can navigate a complex landscape shaped by a convergence of geopolitical and technological factors.

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UBS Craftmakers: James Allison, technical director for the Mercedes-AMG Petronas Formula 1 Team

Sun, 29 Mar 2026 23:00:00 +0000

Banking is UBS’s craft. This is why UBS celebrates inspirational individuals whose mastery mirrors its values: dedication, expertise, passion. Here we meet James Allison, technical director for the Mercedes-AMG Petronas Formula 1 Team.

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The Art Basel & UBS Global Art Market Report 2026

Mon, 23 Mar 2026 00:00:00 +0000

Get the picture on the 10th edition of the annual benchmark analysis of the state of the global art market with its author, Clare McAndrew, as well as Art Basel CEO Noah Horowitz and Paul Donovan of UBS.

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The Global Entrepreneur Report 2026

Mon, 16 Mar 2026 00:00:00 +0000

How are global entrepreneurs feeling about 2026 and about the future of their enterprises? The second annual UBS Global Entrepreneur Report reveals their optimism – and an appetite for expansion that’s undimmed by geopolitical uncertainty.

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‘The UBS Global Investment Returns Yearbook 2026’

Mon, 09 Mar 2026 00:00:00 +0000

This authoritative asset offers a unique record of real returns across equities, bonds, bills, currencies and now gold – helping investors place market developments in historical context. With professor Paul Marsh and UBS’s Kiran Ganesh.

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Women and health special

Sun, 01 Mar 2026 23:30:00 +0000

Ahead of International Women’s Day we discuss women and the health gap with Marianna Mamou, head of advice beyond investing in the UBS CIO and author of a compelling new UBS report.

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250 years of US innovation: the assembly line

Mon, 23 Feb 2026 00:00:00 +0000

UBS is counting down to July’s US semiquincentennial with a series of reports exploring 250 years of uniquely American innovation. This week, UBS’s Kurt Reiman discusses the rise and impact of the assembly line.

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Global visionaries special: Thomas Schori, the founder and CEO of Tide Ocean Material

Mon, 16 Feb 2026 00:00:00 +0000

Thomas Schori, Tide Ocean Material’s founder and CEO, discusses his success in this year’s UBS Pitch for Purpose event and why it is important for UBS to champion individuals addressing urgent global challenges.

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What’s next for gold and silver?

Mon, 09 Feb 2026 00:00:00 +0000

With price fluctuations continuing and some unprecedented sell-offs, what will happen next in the market for the shiny metals? Top UBS strategists Giovanni Staunovo and Wayne Gordon join us to explain.

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The European opportunity

Mon, 02 Feb 2026 00:00:00 +0000

While fragmented markets, bureaucracy, complexity and high social spending might hold Europe back, there remains plenty to be optimistic about. UBS’s Burkhard Varnholt explains why Europe is rich – in both contradictions and opportunities.

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The UBS view from Davos

Mon, 26 Jan 2026 00:00:00 +0000

Last week, Monocle Radio was broadcasting live from the World Economic Forum in Davos, where our team welcomed two special guests from UBS Global Wealth Management: CIO Mark Haefele and CIO Americas Ulrike Hoffmann-Burchardi.

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Is it the right time for private markets?

Mon, 19 Jan 2026 00:00:00 +0000

Richard Huang of UBS explains why private markets make sense for investors taking longer-term portfolio positions. Plus: three key drivers for putting your money to work today in this space.

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The ‘Year Ahead’ – revisited

Mon, 12 Jan 2026 00:00:00 +0000

Kiran Ganesh joins us with some timely updates to the UBS ‘Year Ahead’ publication, which was released back in November. Can AI innovation, fiscal spending and easing monetary policy power a new era of growth?

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250 years of US innovation, part two: Aviation

Mon, 05 Jan 2026 00:00:00 +0000

UBS is counting down to this year’s US semiquincentennial with a series of reports exploring 250 years of uniquely American innovation. In part two, UBS’s Nathaniel Gabriel discusses the ascent of the aviation sector.

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Highlights of the year: Nobel Perspectives with Daron Acemoglu

Mon, 29 Dec 2025 00:05:00 +0000

A special seasonal edition featuring Nobel laureates in economics whose insights inform UBS’s approach to answering complex questions. The 2024 laureate, Daron Acemoglu, reflects on the turbulent times in which we live.

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Women’s wealth and the 2025 UBS Female Founder Award

Mon, 22 Dec 2025 00:00:00 +0000

This week we’re joined by UBS's Emma Wheeler and Marianna Mamou to discuss their work on women’s wealth and supporting female entrepreneurs. Plus: Meet the 2025 UBS Female Founder Award winner, Databento's CEO, Christina Qi.

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UBS European Conference, part three: Central banks

Mon, 15 Dec 2025 00:00:00 +0000

Our series reviewing the UBS European Conference concludes with a focus on central banks. Our guests discuss the outlook for the US and Europe, and a new AI-based tool that tracks central-bank tone and sentiment.

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The UBS Billionaire Ambitions Report 2025

Mon, 08 Dec 2025 00:00:00 +0000

The report surveys UBS billionaire clients globally on the unique challenges and opportunities ahead. The 11th edition focuses on the forces driving wealth creation and the evolving ambitions of the world’s most influential families.

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UBS European Conference, Part Two: markets, trading and navigating complexity

Mon, 01 Dec 2025 00:00:00 +0000

Our series reviewing the latest UBS European Conference continues with Neil Hosie, UBS Head of Execution Services and host of the event’s first Heads of Trading track, discussing markets, trading and navigating complexity.

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Next-generation wealth and The Young Investors Organization

Mon, 24 Nov 2025 00:00:00 +0000

Anastasia Deryagina, UBS’s head of global next-generation solutions, discusses the great wealth transfer, how best to ensure a smooth succession and the enduring value of the bank’s partnership with The Young Investors Organization.

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UBS European Conference part one: Data as a differentiator

Mon, 17 Nov 2025 00:00:00 +0000

Our series reviewing the latest UBS European Conference begins with Raj Hindocha, UBS global research COO; Michel Lerner of UBS Holt; and Robert Donnenfeld of UBS Evidence Lab, discussing data as a differentiator.

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250 years of US innovation part one: the transcontinental railroad

Mon, 10 Nov 2025 00:00:00 +0000

UBS is counting down to next year’s US semiquincentennial with a series of reports exploring 250 years of uniquely American innovation. For part one, UBS’s Kurt Reiman discusses the development of the transcontinental railroad.

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UBS Craftmakers: the art of creation with Nina Métayer and Guo Pei

Mon, 03 Nov 2025 00:00:00 +0000

UBS celebrates inspirational individuals whose commitment to craft mirrors the values that drive it: dedication, expertise and passion. In this episode, we meet celebrated chef Nina Métayer (pictured) and renowned fashion designer Guo Pei.

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The Art Basel & UBS Survey of Global Collecting 2025

Mon, 27 Oct 2025 00:00:00 +0000

This year’s edition presents new findings on high-net-worth individuals in the art market. Featuring Art Basel CEO, Noah Horowitz, UBS Global Wealth Management chief economist, Paul Donovan, and report author Dr Clare McAndrew of Arts Economics.

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UBS Craftmakers: Maestro Long Yu

Sun, 19 Oct 2025 23:00:00 +0000

Banking is UBS’s craft. This is why UBS celebrates inspirational individuals whose commitment to mastery mirrors the values that drive UBS: dedication, expertise, passion. In this episode, we meet visionary conductor Long Yu.

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Can gold continue to shine bright?

Sun, 12 Oct 2025 23:00:00 +0000

With gold passing $4,000 per troy ounce for the first time, Wayne Gordon and Giovanni Staunovo of UBS join the show to discuss this record, whether central banks will keep buying and what this means for smart investors.

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UBS Global Real Estate Bubble Index 2025

Sun, 05 Oct 2025 23:00:00 +0000

The 2025 edition analyses residential property prices in 21 major cities, providing insights into current global and regional real estate trends. Authors Matthias Holzhey and Maciej Skoczek of UBS discuss the findings.

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Towards a sustainable ocean economy: Part II

Sun, 28 Sep 2025 23:00:00 +0000

Key contributors to a UBS white paper on the blue economy discuss how the vital system of the global oceans can be supported and sustained in the long term.

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What does the Fed’s much-anticipated rate cut mean for investors?

Mon, 22 Sep 2025 07:07:11 +0000

The much-anticipated quarter-point Federal Reserve rate cut might be the first of several this year. But what does this week’s move mean for investors?

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Déjà vu? What’s next for France?

Sun, 14 Sep 2025 23:00:00 +0000

New French prime minister Sébastien Lecornu is the fifth premier in under two years. UBS CIO for France, Claudia Panseri, discusses whether the Macron loyalist can galvanise the National Assembly and curb French borrowing.

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Could stablecoins challenge banks and payment-service providers?

Mon, 08 Sep 2025 09:37:57 +0000

The UBS Wealth Management CIO’s ‘Digital Assets 101’ series explores important developments in the digital-asset landscape. Michael Bolliger, UBS CIO for emerging markets, joins to discuss the potential of stablecoins.

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Nobel perspectives: Crafting economic knowledge for the real world, part two

Sun, 31 Aug 2025 21:00:00 +0000

We conclude our season of insights from Nobel laureates in economics whose expertise informs UBS’s approach to answering complex questions. 2016 winner Bengt Holmström reflects on crafting economic knowledge for the real world.

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Nobel perspectives: Crafting economic knowledge for the real world, part one

Sun, 24 Aug 2025 16:00:00 +0000

Our latest special edition features two Nobel laureates in economics whose insights inform UBS’s approach to answering complex questions. 2021 winner David Card (pictured) and 2024 laureate Daron Acemoglu reflect on their experiences.

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Nobel Perspectives: Market volatility, part two

Sun, 17 Aug 2025 23:00:00 +0000

The second instalment of our special edition featuring Nobel laureates in economics whose insights inform UBS’s approach to complex questions. 2016 laureate Bengt Holmström returns to discuss the uncertain times we live in.

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Nobel Perspectives: Market volatility, part one

Mon, 11 Aug 2025 04:55:14 +0000

Special edition featuring Nobel laureates in economics, whose insights inform UBS’s approach to answering complex questions. 2021 winner David Card and 2024 laureate Daron Acemoglu (pictured) discuss the uncertain times in which we live.

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Transformational innovation opportunities: AI, electrification and longevity

Sun, 03 Aug 2025 23:00:00 +0000

UBS expects structural trends such as AI, electrification and longevity to be the biggest long-term drivers in equity markets. Ulrike Hoffmann-Burchardi, GWM head of global equities, explains how smart investors can take advantage.

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Action amid uncertainty: The UBS outlook

Sun, 27 Jul 2025 23:00:00 +0000

Despite a volatile year so far, there remains rewards for patient investors capable of navigating uncertainty. Kiran Ganesh, UBS GWM head of investment communications, discusses what we might learn in the remainder of 2025.

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Proper copper opportunity

Mon, 21 Jul 2025 04:58:27 +0000

Dominic Schnider from UBS Global Wealth Management joins us to discuss industrial metal markets and to explain why copper might provide a compelling opportunity for smart investors with a longer-term view.

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Scapegoat economics and the cost of prejudice politics

Sun, 13 Jul 2025 23:00:00 +0000

Scapegoat economics wrongly blames a particular group for problems, while prejudice politics promises to reduce that group’s influence. Paul Donovan of UBS explains what happens when prejudice fails to solve the underlying issue.

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The annual UBS Reserve Manager Seminar: From soft landing to stagflation?

Sun, 06 Jul 2025 23:00:00 +0000

The seminar and accompanying survey feature the views of around 40 central banks and provide an unrivalled and authoritative depiction of reserve-manager activities. Massimiliano Castelli and Shamaila Khan of UBS discuss this year’s edition.

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‘Global Wealth Report 2025’: What are the trends and drivers of wealth creation?

Sun, 29 Jun 2025 22:00:00 +0000

Necessary reading for those interested in the trends shaping wealth, the report covers 56 markets and more than 92 per cent of global wealth. Featuring insights from UBS economists Paul Donovan and James Mazeau.

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AI disruption and opportunity: a guide for entrepreneurs

Sun, 22 Jun 2025 23:00:00 +0000

Generative artificial intelligence is a technology with potentially transformative power in any number of industries. How can smart entrepreneurs ensure that they keep pace with the transition? Achille Monnet of UBS Wealth Management explains.

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Alpine Property Focus: which region has the most expensive holiday homes?

Sun, 15 Jun 2025 23:00:00 +0000

Maciej Skoczek, senior real estate economist in the UBS GWM CIO and the author of the 2025 report, discusses the outlook for the sector and reveals the location that tops this year’s rankings.

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Towards a sustainable ocean economy: Part I

Sun, 08 Jun 2025 23:00:00 +0000

With the UN Ocean Conference underway in Nice, we present the first of a two-part exploration of the blue economy, featuring key contributors to a new UBS white paper.

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‘House of Craft’

Sun, 01 Jun 2025 22:55:00 +0000

This week in New York, UBS and Dior present House of Craft, an exclusive exhibition curated by Carine Roitfeld and dedicated to the craft of couture. With photographer Brigitte Niedermair and UBS’s John McDonald.

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UBS Global Family Office Report 2025

Sun, 25 May 2025 23:00:00 +0000

The sixth edition reflects the views of more than 300 family offices managing an average of $1.1bn. Maximilian Kunkel, CIO for global family and institutional wealth at UBS Global Wealth Management, reports.

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‘Own Your Worth’ report 2025

Sun, 18 May 2025 23:00:00 +0000

Many women who’ve experienced a wealth-transfer event faced serious challenges, and most who expect to inherit from their parents feel unprepared. Carey Shuffman discusses the findings of the latest UBS ‘Own Your Worth’ report.

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Uncertainty principles

Sun, 11 May 2025 23:00:00 +0000

With continuing uncertainty and volatility prompted by Trump, trade, tariffs and more, Paul Donovan of UBS tracks the latest economic and geopolitical developments in order to help investors stay focused.

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Trump’s first 100 days

Sun, 04 May 2025 23:00:00 +0000

US presidents are always in a hurry to advance their agenda but Trump’s actions so far suggest an even greater sense of urgency. UBS’s Kurt Reiman discusses the president’s first 100 days in office.

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Artificial intelligence: Beyond the Big Four

Sun, 27 Apr 2025 14:35:18 +0000

Are artificial intelligence-industry fundamentals more resilient than recent market volatility might suggest? Sundeep Gantori, UBS CIO equity strategist, joins us from Singapore to discuss the opportunity.

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What makes a reserve currency?

Sun, 20 Apr 2025 23:00:36 +0000

While the US dollar has been the dominant – but not the only – reserve currency since 1947, its role has been eroded as other currencies have gained market share. UBS’s Paul Donovan explains what might happen next.

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The Art Basel and UBS Global Art Market Report 2025

Sun, 13 Apr 2025 23:00:00 +0000

The ninth annual Art Basel and UBS Global Art Market Report, compiled by Dr Clare McAndrew of Arts Economics, provides a comprehensive, macroeconomic analysis of the state of the global art market in the past year. It examines the industry’s various segments, including galleries, dealers, auction houses and art fairs, and assesses their performance against the backdrop of changes in global economics and wealth. We hear from McAndrew, Art Basel CEO, Noah Horowitz, and Paul Donovan of UBS.

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Trump’s trade war

Sun, 06 Apr 2025 23:00:00 +0000

Donald Trump’s tariffs amount to a generational shift in US economic policy, with the measures bringing the effective tariff rate on imports into the US to its highest level in at least 100 years. Markets have since been digesting the fallout, with equities dropping sharply, bonds and gold rallying, and the US dollar depreciating against most major currencies. We’re joined by Kurt Reiman, head of fixed income at UBS in New York, to consider the outlook from here, discuss the effects on economies and markets, and ponder – as ever – what smart investors should do.

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Gender-lens investment special

Sun, 30 Mar 2025 23:00:00 +0000

We are joined by the authors of a new UBS report that takes a detailed look at the state of women in the world, gauging gender-equality progress thus far and seeking to understand the remaining barriers. “Gender-Lens Investment: The State of Women in 2025” explores how investors can continue to intentionally align their capital in ways that dislodge the barriers that women face and promote the realisation of their full potential. Amantia Muhedini and Antonia Sariyska of the UBS Global Wealth Management CIO join to discuss.

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Can gold shine brighter still?

Mon, 24 Mar 2025 00:00:00 +0000

Gold prices soared to another all-time high this week, breaking through the $3,000 per ounce barrier. With the price having reached UBS Global Wealth Management CIO’s long-held target, can it continue to rally? Wayne Gordon, managing director in the UBS CIO in Singapore, joins us to discuss what’s next.

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‘Global Investment Returns Yearbook 2025’

Mon, 17 Mar 2025 00:00:00 +0000

This annual guide to historical long-run returns is put together by UBS Investment Bank and UBS Global Wealth Management’s Chief Investment Office, in partnership with Professor Paul Marsh and Dr Mike Staunton of the London Business School and Professor Elroy Dimson of the University of Cambridge. The latest edition explores how 125 years of historical data can provide crucial insights for the future. Featuring Marsh, Kiran Ganesh and Tim Ramskill.

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What’s next for Germany?

Mon, 10 Mar 2025 00:00:00 +0000

With the post-election direction of political travel more clear, and with chancellor-elect Friedrich Merz having already outlined plans for a major boost in defence and infrastructure spending, what will this mean for investor confidence? Featuring Maximilian Kunkel, strategist at UBS Switzerland; and Sam Adams, economist for UBS in London.

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International Women’s Day edition

Mon, 03 Mar 2025 00:00:00 +0000

To mark International Women’s Day, we hear from four inspirational female leaders in finance. They discuss gender-lens investing, the rise of female-controlled wealth and its effects on broader economics, and the challenges facing female founders seeking to raise capital. Featuring (above left to right) Anouk Hilti-Zingg of Assarée; Julia Rees Toader of independent portfolio advisory firm Princes Capital; Lu Zhang, founder and managing partner of Fusion Fund; and Ana Mahony, CEO of Addition Wealth.

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Longer-term investments: security and safety

Mon, 24 Feb 2025 00:00:00 +0000

A focus on long-term structural developments influenced by technological advancement, resource scarcity and societal changes. We discuss the topics of security and safety with UBS Global Wealth Management equity analyst Achille Monnet, and head of longer-term investment themes, Alexander Stiehler.

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Tariffs, trade and China’s ‘disappearing’ exports

Mon, 17 Feb 2025 00:00:00 +0000

When looking at trade between two countries, the value of exports should be lower than the value of imports. In recent years the value of China’s exports to the US has exceeded the value of US imports from China. Why is this happening? As UBS Global Wealth Management chief economist Paul Donovan explains, this doesn’t necessarily mean that there’s a ‘Bermuda Triangle’ affecting US-bound Chinese cargo vessels.

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The UBS ‘Global Entrepreneur Report’

Mon, 10 Feb 2025 00:00:00 +0000

Exploring the findings of the new ‘Global Entrepreneur Report’ with Kiran Ganesh, head of investment communications in UBS Global Wealth Management. This is the first UBS report which has actively surveyed the opinions of entrepreneurs in the bank’s client base and its Industry Leader Network. The solicited views cover a wide range of key developments that might shape the growth of both industries and personal wealth.

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The future of women’s wealth

Mon, 03 Feb 2025 00:00:00 +0000

Insights on the future of women’s wealth from the Equality Lounge at The World Economic Forum’s annual meeting in Davos. Emma Wheeler, head of the Women’s Wealth programme at UBS Global Wealth Management, joins the show to discuss how to better unlock investment potential for female founders and to consider the role of women within the unprecedented transfer of wealth currently happening across genders and generations.

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The threat of ‘scapegoat economics’

Mon, 27 Jan 2025 00:00:00 +0000

The theme of The World Economic Forum annual meeting this year was “Collaboration for the Intelligent Age”. UBS Global Wealth Management chief economist Paul Donovan joins us to look back on the week and to discuss the threat posed by “scapegoat economics”.

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The UBS Billionaire Ambitions Report

Mon, 20 Jan 2025 00:00:00 +0000

We explore the latest edition of the longest-running and most comprehensive study of billionaire wealth. The 10th iteration tracks the wealth of more than 2,500 billionaires across the Americas, EMEA and APAC. As part of its research, UBS also conducted an online survey of the views of a sample of billionaire clients across the world. So what are some of the key discoveries? We discuss the report with Maximilian Kunkel, chief investment officer for global family and institutional wealth at UBS Global Wealth Management.

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Mark Haefele on ‘The New Rules of Investing’

Mon, 13 Jan 2025 00:00:00 +0000

In this special edition, UBS global wealth management chief investment officer Mark Haefele discusses his new book, ‘The New Rules of Investing: Essential Wealth Strategies for Turbulent Times’. Co-written with Richard C Morais, the volume outlines Haefele’s view that new developments in everything from global affairs to demographics and technology mean that we need to change the way we think about investing.

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Highlights from the UBS Australasia Conference 2024

Mon, 06 Jan 2025 00:00:00 +0000

In the first programme of the new year we present a selection of interviews that the Monocle team conducted this past November on the margins of the UBS Australasia Conference in Sydney. UBS gathered industry leaders, policymakers and innovators at the event to explore how topics such as productivity, healthcare and technology affect the economy and investment landscape. Our show features Paul Donovan, chief economist in UBS Global Wealth Management; Renee Lo, Singapore-based regional director at Google; Lachlan Shaw, co-head of UBS mining research; and UBS analyst Richard Schellbach.

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The Red Thread: diversification edition

Mon, 30 Dec 2024 00:00:00 +0000

We explore the most recent edition of UBS Asset Management’s flagship thought-leadership paper, ‘The Red Thread’, which is focused on diversification. Long a central tenet of investment theory, many assumptions about the strategy have been tested of late due to the dominance of the so-called “Magnificent Seven” tech companies. Our panel is Barry Gill, UBS Asset Management’s head of investments, Michele Gambera, head of strategic asset allocation, and Lucy Thomas, head of sustainable investing and impact.

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Global Visionaries special: Raphael Güller of Sweep

Mon, 23 Dec 2024 00:00:00 +0000

Raphael Güller is the co-founder and chief product officer of Sweep, and one of the inspirational leaders who UBS supports and celebrates through its Global Visionaries programme. Raphael is joined at Monocle’s HQ in Zürich by Tom Hall, global head of social impact at UBS, to discuss Sweep’s origin story, its involvement in this year’s UBS Pitch for Purpose event, and why it is important for UBS to champion organisations such as Sweep, which are driving solutions to the great challenges of the day.

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UBS Optimus Foundation: 25th anniversary special

Mon, 16 Dec 2024 00:00:00 +0000

We mark the occasion by hearing from Tom Hall, UBS global head of social impact and CEO of the UBS Optimus Foundation Network, and from one of its partners who has already been driving change: Fabio Segura, co-CEO of the Jacobs Foundation. They discuss the importance of collaboration in delivering effective philanthropy, with a particular focus on how education can drive social equality and enduring transformational change.

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Global visionaries special: Dr Daniela Marino, CEO of Cutiss

Sun, 08 Dec 2024 12:27:08 +0000

Dr Daniela Marino is the CEO and co-founder of skin-graft innovators Cutiss and one of the inspirational leaders that UBS supports and celebrates through its Global Visionaries programme. Marino is joined at Monocle’s HQ in Zürich by Tom Hall, global head of social impact at UBS, to discuss Cutiss’s success in this year’s UBS Pitch for Purpose event and why it’s important for UBS to champion individuals who are driving solutions to the great challenges of the day.

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Investing in women

Sun, 01 Dec 2024 23:00:00 +0000

The second of two specials focused on breaking barriers in economics and finance, brought to you by UBS and Monocle’s sister publication, ‘Konfekt’. This show features insights from Addition Wealth founder, Ana Mahony, and business leader Rania Anderson. Thanks to the partnership with UBS, you can read more about Mahony and Anderson in ‘Konfekt’s’ winter issue, available on newsstands now.

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What does Trump 2.0 mean for the US economy?

Sun, 24 Nov 2024 11:17:04 +0000

UBS’s head of fixed income and co-lead of the bank’s ElectionWatch report series, Kurt Reiman, joins the show to reflect on Donald Trump’s US presidential election success. In a conversation recorded as Trump finalised appointments to his cabinet, Reiman discusses the likely direction of travel for the US economy under Trump 2.0.

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Nobel Perspectives: Claudia Goldin

Mon, 18 Nov 2024 00:00:00 +0000

The first of two special editions focused on investing in women and breaking economic barriers, brought to you by UBS and ‘Konfekt’, the sister publication of ‘Monocle’. Featuring insights from one of the extraordinary cohort of economists that shapes the UBS worldview: 2023 Nobel laureate Claudia Goldin. Goldin discusses the importance of fostering economic equality and empowering financial futures for all. Thanks to the partnership with UBS, you can read more about Goldin’s work in the winter issue of ‘Konfekt’, available on newsstands now.

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The Art Basel and UBS Survey of Global Collecting 2024

Mon, 11 Nov 2024 00:01:00 +0000

The largest survey of its kind to date, the report reveals insights into buyer behaviours and the transfer of wealth between generations of high-net-worth individuals against a backdrop of challenging economic conditions. This year’s edition gathered responses from more than 3,500 such collectors across 14 global markets, including new additions Switzerland, Mexico and Indonesia. The report’s author, cultural economist Dr Clare McAndrew, is joined by Paul Donovan, chief economist in UBS Global Wealth Management, and Art Basel CEO Noah Horowitz.

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On biodiversity

Mon, 04 Nov 2024 00:00:00 +0000

The United Nations Biodiversity Conference recently concluded in Cali, Colombia. On today’s programme, we discuss both the event and the theme of biodiversity more generally with two leaders in the field from UBS: lead for advocacy and nature in the chief sustainability office, Judson Berkey; and global head of sustainable and impact investing for the UBS CIO, Andrew Lee.

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The UBS International Pension Gap Index

Mon, 28 Oct 2024 00:00:00 +0000

The UBS International Pension Gap Index compares retirement systems across 25 markets based on the voluntary savings required from its participants. Its authors, James Mazeau and Elisabeth Beusch, explain why private savings are crucial to maintain an accustomed lifestyle in retirement. They explain how the index demonstrates the importance of planning and how investments can help close pension gaps.

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Artificial intelligence: Sizing and seizing the opportunity

Sun, 20 Oct 2024 23:00:00 +0000

Ulrike Hoffmann-Burchardi, head CIO for equities in UBS Global Wealth Management, joins the show to discuss whether the current hype around AI technology and its adoption is justified. As capex and technical innovation continue apace, we’ll hear more about UBS’s investment framework to identify AI opportunities, shed some light on how AI actually works and highlight its implications for everything from the global economy to sustainable development.

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Are key climate technologies breaking through?

Sun, 13 Oct 2024 23:00:00 +0000

A new report from the UBS Sustainability and Impact Institute explores whether key climate technologies are breaking through at the scale and pace required to address the climate crisis. William Nicolle, the author of the report, explains that despite climate tech’s vast potential for emissions reduction, there remains a tricky road ahead as most of these technologies are economically uncompetitive or as yet too immature to easily scale. We’ll hear how processes might be improved to better understand complex dependencies, and also to better inform strategic policy, investment and organisational decisions.

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The Draghi report: a paradigm shift for the EU?

Sun, 06 Oct 2024 23:00:00 +0000

Geopolitical upheaval and increasing economic pressure have led to a rethink of the EU’s main priorities. Former ECB president Mario Draghi’s long-awaited report on the future of European competitiveness offers a blueprint for change – but can the EU shift its economic priorities and set a fresh course for growth? We’re joined by Sam Adams, economist in the UBS Global Wealth Management CIO, to discuss.

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The UBS Global Real Estate Bubble Index 2024

Sun, 29 Sep 2024 23:00:00 +0000

We explore the annual report providing an up-to-date take on global urban-housing markets and gauges the ‘bubble risk’ in residential property markets in 25 major cities worldwide. The 2024 edition charts a second successive year of slightly declining risk. We are joined from UBS by the report’s editor in chief, Matthias Holzhey, and also by Fahd Iqbal for a focus on Dubai.

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What does the US rate cut mean for investors?

Sun, 22 Sep 2024 23:00:00 +0000

Our panel reflects on the US Federal Reserve decision to cut interest rates for the first time since March 2020. Paul Donovan, chief economist in UBS Global Wealth Management and Kiran Ganesh, managing director in the UBS Chief Investment Office, discuss the 50 basis-point reduction, consider the macro picture and explain what this week’s move means for investors.

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Paul Romer: Nobel perspectives

Sun, 15 Sep 2024 23:00:00 +0000

Professor Paul Romer won the 2018 Nobel Prize in Economic Sciences for his work integrating technological innovations into long-run macroeconomic analysis. In May, Romer spoke to Monocle Radio on the margins of the UBS Asian Investment Conference in Hong Kong. In the latest in a series in which luminaries of economics share their unique perspectives, Romer explains the effect of human capital, innovation and knowledge on economic growth.

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Will gold keep its hold?

Sun, 08 Sep 2024 23:00:00 +0000

With the yellow metal having rallied sharply to hit new highs, our panel explains whether they think gold will keep its hold on investors. Giovanni Staunovo and Wayne Gordon from UBS explain why the policy and risk environment, and structural demand, are combining to point to continued medium-term upturn in the price. Plus: why geopolitical fears and election-related risks continue to justify holding gold as a portfolio hedge.

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Election watch: momentum shift?

Sun, 01 Sep 2024 11:33:38 +0000

Thomas McLaughlin, managing director at the UBS Chief Investment Office, joins the show to reflect on the recently concluded Democratic National Convention in Chicago. We discuss the broader context of Kamala Harris’s truncated campaign and consider what the latest polling tells us about November’s vote.

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The meaning of craft, part three

Sun, 25 Aug 2024 23:00:00 +0000

The final part of our special series exploring the meaning of craft in today’s world. Craft is not just about what you do but also how you go about doing it, and in this series, Monocle and UBS have been interrogating how this idea comes to life across different industries. Part three features the globally minded, Zürich-based designer, architect and educator Charles O Job.

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The meaning of craft, part two

Sun, 18 Aug 2024 23:00:00 +0000

The next in our special series exploring the meaning of craft in today’s world. Craft is not just about what you do but also how you go about doing it, and in this series, Monocle and UBS are interrogating how this idea comes to life across different industries. Parttwo features Kathryn Sargent, the first woman to earn the title of “master tailor” on London’s Savile Row; and Lowie Vermeersch, founder and creative director of the car design and mobility research firm, Granstudio.

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The meaning of craft, part one

Sun, 11 Aug 2024 23:00:00 +0000

The first in a special series exploring the meaning of craft in today’s world. Craft is not just about what you do but also how you go about doing it: the ability to gaze both backwards and forwards; to recognise heritage and skill, and combine it with a compelling vision. In this series, Monocle and UBS are interrogating how these tenets come to life across different industries. Part one features Paul Donovan, chief economist of UBS Global Wealth Management, and Monocle’s editor, Josh Fehnert, discussing how craft can shape everything from banking to storytelling.

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The rise of private credit

Sun, 04 Aug 2024 23:00:00 +0000

‘The Red Thread’ publication by UBS Asset Management is released bi-annually and tackles topics from different angles to help readers find common threads and make sense of important trends. We focus on a chapter from the recent Disruption edition of ‘The Red Thread’ unpacking the history – and looking to the future – of lending disruption. Featuring John Popp, Joe Sciortino and Rodrigo Trelles.

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US election watch: the race heats up

Sun, 28 Jul 2024 23:00:00 +0000

We discuss the effect of Joe Biden’s decision not to stand for re-election and throw his support behind vice-president Kamala Harris. What does the move mean for the race? And what does that mean for investors as we head towards November’s vote? Joining the show are Tom McLoughlin, UBS senior fixed income strategist, and David Lefkowitz, UBS head of US equities.

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Decision time: H2 Outlook

Sun, 21 Jul 2024 13:53:56 +0000

We look ahead at H2 2024 and, more specifically, towards November’s US presidential election. With the US deciding its next leader, AI continuing to advance and interest rates likely to be cut, there is much for investors to focus on as they consider their options this year and beyond. Looking ahead for us on the show are Kiran Ganesh, Dominic Schnider and Nadia Lovell of UBS.

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UBS Global Wealth Report 2024

Sun, 14 Jul 2024 23:00:00 +0000

The UBS Global Wealth Report has been at the forefront of insights into household wealth for 15 years and has become a key reference point for all those interested in trends shaping wealth across the world. Featuring analysis from UBS Global Wealth Management chief economist Paul Donovan and Economist Samuel Adams.

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The UBS Annual Reserve Management Seminar

Sun, 07 Jul 2024 23:00:00 +0000

This is the 30th edition of the UBS Reserve Management Seminar, one of the most authoritative depictions of official reserve-management activities available. This iteration includes the views of some 40 central banks, covering geopolitics, currencies, asset allocation and, this year, reform of financial infrastructure. With Massimiliano Castelli and Philipp Salman from the global sovereign-markets team in UBS.

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Can AI improve lives around the world?

Sun, 30 Jun 2024 23:00:00 +0000

Like other game-changing technologies before it, artificial intelligence is expected to unleash new wealth creation, resource reallocation and societal change. But the precise forms that this will take – and at what speed – is difficult to predict. Richard Mylles, the author of a new UBS Sustainability and Impact Institute report on the theme, joins us to explain how AI’s consequences for human capital can be optimised, focusing on education, productivity and health.

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UK general election preview

Sun, 23 Jun 2024 23:00:00 +0000

The UK goes to the polls on 4 July for a hotly anticipated general election. With manifestos being published and the usual media circus in full flow, we take a look at some of the key economic questions that are dominating the agenda ahead of the decisive day at the ballot boxes. With Anna Titareva, Jason Napier and Zachary Gauge of UBS.

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Transitioning agrifood from sustainability liability to asset

Sun, 16 Jun 2024 23:00:00 +0000

Today’s agrifood industry produces enough calories to feed the global population but it creates negative externalities across the climate, nature and health sectors. Global sustainability goals have changed what crops the agrifood industry grows and how. Such dynamics leave the sector structurally unprepared to deliver on these goals. However, deploying mature, high-impact investable solutions in the short term that strengthen innovation could be a boon to the industry. The UBS Sustainability and Impact Institute report analyses promising solutions and outlines the role of capital markets and investors in facilitating their development and deployment. We discuss this with William Nicolle, ESG analyst in the UBS Sustainability and Impact Institute.

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Art Basel Special

Sun, 09 Jun 2024 23:00:00 +0000

The director of Art Basel in Basel, Maike Cruse, joins us to reveal how the fair is celebrating 30 years of collaboration with global lead partner UBS. Together they commissioned artist Petrit Halilaj who has created a special installation for the façade of the former Hotel Merian. Plus: UBS Group CMO John McDonald explains why the bank’s partnership with Art Basel continues to make an impact after 30 years.

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Highlights from the UBS Asian Investment Conference 2024

Sun, 02 Jun 2024 23:00:00 +0000

This special edition recorded at the UBS Asian Investment Conference in Hong Kong features a selection of fascinating conversations and insights we recorded at our Monocle pop-up studio at the Four Seasons. Featuring Professor Paul Romer, Naomi Schiff, Vivian Siu, Dr Jordan Nguyen, Dr Amy Kruse, Martin Yule and Richard Schellbach.

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UBS Global Family Office Report 2024

Sun, 26 May 2024 23:02:00 +0000

The 2024 edition of the annual GFO report was compiled entirely in-house for the fifth year and provides the world’s largest and most comprehensive study of single family offices. UBS surveyed 320 clients globally in the first quarter and the online survey methodology was distributed to over 30 markets worldwide. So what did UBS discover this year? Here to tell us is Maximilian Kunkel, chief investment officer for global family and institutional wealth at UBS Global Wealth Management.

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Invest in renewable infrastructure

Sun, 19 May 2024 23:00:00 +0000

Renewables account for the majority of energy capacity additions globally, and governments worldwide have recently committed to triple renewables by 2030. Our UBS panellists explain how private infrastructure offers an attractive opportunity for investment as an effective portfolio diversifier and a stable source of income and returns. With Antonia Sariyska and Antoinette Zuidweg.

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