The Bulletin with UBS
This podcast offers a concise look at the people, places, and products influencing the financial week ahead. It brings together expert voices and fresh perspectives to move beyond the numbers and hype, focusing on the core issues driving today's economic landscape. Produced by Monocle in partnership with UBS, it aims to provide clear insights for listeners following global markets and business trends.
Episodes
The Great Wealth Transfer: What is shaping the investment preferences of the next generation?
As trillions of dollars move between generations, a new cohort is bringing different values and expectations to their investments. How can wealth managers adapt to these shifting priorities?See omnystudio.com/listener for privacy information.
What’s the Fed’s next move?
Andrew Dubinsky and Leslie Falconio explain why the Fed is making more hawkish comments. Plus: stronger-than-expected jobs data and sticky inflation have raised expectations of two rate hikes this year.See omnystudio.com/listener for privacy information.
The UBS house view on AI, earnings growth and inflation
David Lefkowitz, Frederick Mellors and Kiran Ganesh of UBS discuss the durability of the AI investment cycle, the breadth and resilience of corporate earnings growth, and the path of inflation and monetary policy.See omnystudio.com/listener for privacy information.
Global Visionaries special: Tom Hall, head of social impact & philanthropy at UBS
We conclude our series on some of the thought leaders and innovators that UBS supports through its Global Visionaries programme by catching up with Tom Hall, who heads social impact and philanthropy at UBS.See omnystudio.com/listener for privacy information.
Global Visionaries special: Mari Tikkanen, co-founder and CEO of Scope Impact
UBS Global Visionary Mari Tikkanen leads Scope Impact’s work protecting health against a backdrop of climate change by strengthening systems, building community and improving resilience.See omnystudio.com/listener for privacy information.
Global Visionaries special: Dan Grotsky, co-founder of Groundwork BioAg
UBS Global Visionary and Groundwork BioAg co-founder Dan Grotsky talks about operating at the intersection of food security and climate change, and how mycorrhizal fungi can turn agriculture into an engine of climate transformation.See omnystudio.com/listener for privacy information.
UBS Reserve Management Seminar 2026
The authoritative annual seminar and accompanying survey is based upon views gathered from more than 40 central banks. Max Castelli, head of strategy & advice for global sovereign markets, UBS Asset Management, discusses this year’s findings.See omnystudio.com/listener for privacy information.
Global visionaries special: Jim Mann, founder & CEO of Undo
Jim Mann, UBS Global Visionary and founder & CEO of Undo, tells us about his nature-based carbon removal company and explains how it’s building, scaling and future-proofing fixes for the climate crisis.See omnystudio.com/listener for privacy information.
The blue economy, part two
We conclude our special edition exploring the blue economy and ways to support ocean resources that are currently overexploited and underpriced. Featuring The Ocean Foundation’s president, Mark Spalding, and Catherina Campedelli of UBS.See omnystudio.com/listener for privacy information.
The blue economy, part one
In the first of two special editions exploring the blue economy, we focus on investments aiming to build a thriving system based on sustainable relationships with ocean resources that are currently overexploited and underpriced.See omnystudio.com/listener for privacy information.
250 years of US innovation: Still the home of the brave?
UBS marked the US semiquincentennial with a series of reports exploring 250 years of uniquely American innovation. This week, we ask: can the system that has supported US progress continue to hold?See omnystudio.com/listener for privacy information.
Bonus edition: Nobel laureate Joel Mokyr
UBS chief economist Paul Donovan marks the publication of the 2026 UBS Global Wealth Report by talking to 2025 Nobel laureate in economic sciences, Joel Mokyr, about global wealth trends and how technological progress shapes growth.See omnystudio.com/listener for privacy information.
The UBS Global Wealth Report 2026
UBS economists Paul Donovan and James Mazeau discuss the findings of the 17th edition of the annual report, which has become a crucial reference point on the trends shaping wealth across the world.See omnystudio.com/listener for privacy information.
Celebrating 10 years of UBS ‘Nobel Perspectives’
To mark a decade of the UBS programme in which Nobel laureates in economic sciences such as Paul Romer (pictured) share insights to help shape the bank’s thinking, we present a retrospective of 10 of our favourite conversations.See omnystudio.com/listener for privacy information.
The UBS CIO outlook on H2
At the start of the year the question was whether AI and innovation could help markets and economies to overcome the drag of debt, volatility and stubborn inflation. As we enter H2, do we have an answer?See omnystudio.com/listener for privacy information.
Art Basel 2026 special
As Art Basel returns to Basel, we consider how collectors can navigate one of the most important moments in the global art calendar. Featuring experts from UBS Art Advisory alongside artist and Zero 10 co-curator Trevor Paglen.See omnystudio.com/listener for privacy information.
The evolution of football from game to global industry
A special edition in which Mark Andersen, Marianna Mamou and Anders Lindegaard discuss a new report from the UBS Global Wealth Management CIO about the changing economics and culture of football.See omnystudio.com/listener for privacy information.
UBS Global Family Office Report 2026
The report, which surveyed more than 300 clients of UBS in some 30 markets, found that family offices are prioritising resilience, diversification and long-term thematic opportunities in uncertain times.See omnystudio.com/listener for privacy information.
The female funding gap: challenge and opportunity
Marianna Mamou and Antoinette Zuidweg of UBS discuss the challenges and opportunities presented by the fast-changing face of entrepreneurship. In the US, women now own more than 40 per cent of businesses – but is funding keeping pace?See omnystudio.com/listener for privacy information.
Chancen International and the Future of Work Fund
Chancen International’s Future of Work Fund offers a potential breakthrough in access to education for young people across Africa. Hear how and why the UBS Optimus Foundation has committed to the cause.See omnystudio.com/listener for privacy information.
250 years of US innovation: the smartphone
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 Kevin Dennean discusses the rise and impact of the smartphone.See omnystudio.com/listener for privacy information.
The UBS ‘Global Next Generation Report’
As the next generation inherits wealth in an unprecedented transfer, how will their perspectives and preparations reshape markets, institutions and social priorities? UBS head of global next-generation solutions, Anastasia Deryagina, explains.See omnystudio.com/listener for privacy information.
The disconnect between geopolitics and markets
Massimiliano Castelli, head of global sovereign markets strategy and advice in UBS Asset Management, explains the disconnect between record-high US equity markets and the ongoing Middle East conflict and rising energy prices.See omnystudio.com/listener for privacy information.
What’s next for the space economy?
UBS expects the space economy to grow to more than $1trn by 2040. What are the key opportunities and risks for investors ahead of this inflection point? With Alex Stiehler and Ashim Thakur.See omnystudio.com/listener for privacy information.
Gender-lens investing
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. See omnystudio.com/listener for privacy information.
Navigating uncertainty: UBS Q2 outlook
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.See omnystudio.com/listener for privacy information.
UBS Craftmakers: James Allison, technical director for the Mercedes-AMG Petronas Formula 1 Team
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.See omnystudio.com/listener for privacy information.
The Art Basel & UBS Global Art Market Report 2026
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.See omnystudio.com/listener for privacy information.
The Global Entrepreneur Report 2026
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.See omnystudio.com/listener for privacy information.
‘The UBS Global Investment Returns Yearbook 2026’
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.See omnystudio.com/listener for privacy information.
Women and health special
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. See omnystudio.com/listener for privacy information.
250 years of US innovation: the assembly line
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.See omnystudio.com/listener for privacy information.
Global visionaries special: Thomas Schori, the founder and CEO of Tide Ocean Material
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.See omnystudio.com/listener for privacy information.
What’s next for gold and silver?
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.See omnystudio.com/listener for privacy information.
The European opportunity
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.See omnystudio.com/listener for privacy information.
The UBS view from Davos
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.See omnystudio.com/listener for privacy information.
Is it the right time for private markets?
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.See omnystudio.com/listener for privacy information.
The ‘Year Ahead’ – revisited
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?See omnystudio.com/listener for privacy information.
250 years of US innovation, part two: Aviation
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.See omnystudio.com/listener for privacy information.
Highlights of the year: Nobel Perspectives with Daron Acemoglu
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.See omnystudio.com/listener for privacy information.
Women’s wealth and the 2025 UBS Female Founder Award
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.See omnystudio.com/listener for privacy information.
UBS European Conference, part three: Central banks
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. See omnystudio.com/listener for privacy information.
The UBS Billionaire Ambitions Report 2025
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.See omnystudio.com/listener for privacy information.
UBS European Conference, Part Two: markets, trading and navigating complexity
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.See omnystudio.com/listener for privacy information.
Next-generation wealth and The Young Investors Organization
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.See omnystudio.com/listener for privacy information.
UBS European Conference part one: Data as a differentiator
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.See omnystudio.com/listener for privacy information.
250 years of US innovation part one: the transcontinental railroad
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.See omnystudio.com/listener for privacy information.
UBS Craftmakers: the art of creation with Nina Métayer and Guo Pei
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. See omnystudio.com/listener for privacy information.
The Art Basel & UBS Survey of Global Collecting 2025
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.See omnystudio.com/listener for privacy information.
UBS Craftmakers: Maestro Long Yu
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.See omnystudio.com/listener for privacy information.
Can gold continue to shine bright?
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.See omnystudio.com/listener for privacy information.
UBS Global Real Estate Bubble Index 2025
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.See omnystudio.com/listener for privacy information.
Towards a sustainable ocean economy: Part II
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.See omnystudio.com/listener for privacy information.
What does the Fed’s much-anticipated rate cut mean for investors?
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?See omnystudio.com/listener for privacy information.
Déjà vu? What’s next for France?
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.See omnystudio.com/listener for privacy information.
Could stablecoins challenge banks and payment-service providers?
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.See omnystudio.com/listener for privacy information.
Nobel perspectives: Crafting economic knowledge for the real world, part two
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.See omnystudio.com/listener for privacy information.
Nobel perspectives: Crafting economic knowledge for the real world, part one
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.See omnystudio.com/listener for privacy information.
Nobel Perspectives: Market volatility, part two
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.See omnystudio.com/listener for privacy information.
Nobel Perspectives: Market volatility, part one
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. See omnystudio.com/listener for privacy information.
Transformational innovation opportunities: AI, electrification and longevity
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.See omnystudio.com/listener for privacy information.
Action amid uncertainty: The UBS outlook
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.See omnystudio.com/listener for privacy information.
Proper copper opportunity
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. See omnystudio.com/listener for privacy information.
Scapegoat economics and the cost of prejudice politics
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.See omnystudio.com/listener for privacy information.
The annual UBS Reserve Manager Seminar: From soft landing to stagflation?
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.See omnystudio.com/listener for privacy information.
‘Global Wealth Report 2025’: What are the trends and drivers of wealth creation?
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.See omnystudio.com/listener for privacy information.
AI disruption and opportunity: a guide for entrepreneurs
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.See omnystudio.com/listener for privacy information.
Alpine Property Focus: which region has the most expensive holiday homes?
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.See omnystudio.com/listener for privacy information.
Towards a sustainable ocean economy: Part I
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.See omnystudio.com/listener for privacy information.
‘House of Craft’
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.See omnystudio.com/listener for privacy information.
UBS Global Family Office Report 2025
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.See omnystudio.com/listener for privacy information.
‘Own Your Worth’ report 2025
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.See omnystudio.com/listener for privacy information.
Uncertainty principles
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.See omnystudio.com/listener for privacy information.
Trump’s first 100 days
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.See omnystudio.com/listener for privacy information.
Artificial intelligence: Beyond the Big Four
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.See omnystudio.com/listener for privacy information.
What makes a reserve currency?
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. See omnystudio.com/listener for privacy information.
The Art Basel and UBS Global Art Market Report 2025
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 e
Trump’s trade war
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 Reim
Gender-lens investment special
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 pro
Can gold shine brighter still?
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. See omnystudio.com/listener for privacy information.
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