Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Home / 533

Podcast: UniSuper's John Pearce, today's GFC similarities, LIC news

Season 2, Episode 11

Special guest John Pearce, Chief Investment Officer at UniSuper, explains why the 60/40 portfolio is far from dead, that governments not central banks are to blame for the recent inflationary spiral, why history is a dangerous guide to the future, and how UniSuper has recently invested heavily in the downtrodden US banking sector.

Morningstar's Peter Warnes tells us why events today remind him of 2007, a year before the financial crisis hit.

And Firstlinks' Managing Editor, Graham Hand, gives an update on developments in listed investment companies and listed investment trusts, including planned delistings from Neuberger Berman and Forager, the ongoing battle over Magellan Financial's Global Fund, and Wilson Asset Management's latest offering.

The podcast is also available via our dedicated website page, Google Podcasts, Apple Podcasts, Spotify, and BuzzSprout.

Please share with friends and colleagues, and a favourable rating would help spread the word. We welcome questions and suggestions at firstlinks@morningstar.com.

Grab a cuppa and settle in for our chat.

James Gruber
Editorial, Firstlinks and Morningstar

 

5 Comments
Sally
November 03, 2023

Agree totally ... time poor & would much prefer to read a transcript.

TonyD
November 02, 2023

This is a hack to get a text summary using AI.

1. Share the podcast to Spotify by clicking on the up-arrow icon in the player.

2. In Spotify share the podcast to get a url link.

3. Go to poe.com and use your free access quota to ask Claude2-100k for a summary with the prompt:

Summarise: https://open.spotify.com/episode/2EyAcpxM2X95JYnxNqCXou?si=w_Tq3fs3SiSPmvlq5J72ZA

4. Caude2 will generate a summary and suggest additional prompts to dig down:

> Tell me more

> What are some potential risks or downsides of favoring credit over equities in a portfolio?

> Can you explain why UniSuper is currently favoring credit over equities in their portfolio?

> What are some examples of fragilities and weaknesses that were exposed during the global financial crisis?

> How does UniSuper determine the strategic allocation shift between credit and equities in their portfolio?

Peter
November 02, 2023

I wish there was a transcript. Listening to podcasts takes up too much time and I am eager to read other articles contained in "Firstlinks"

James Gruber
November 03, 2023

Point taken, Peter. Unfortunately, transcripts take time and we don't have the resources to do it right now. We do include extensive time stamps, so you can go to bits of the podcast that interest you. 

Greg
November 02, 2023

Hi Peter, as a general comment, I too find video clips and sound clips present information at a quite "slow" information rate compared to that of a reasonable speed reader.

I may be teaching you to "suck eggs", however - have you noticed the "speed adjust" icon on this podcast which lets you increase/change the replay speed (with some clever adjustment to avoid to Donald duck effect).

It is the small box with the 1x in it.

 

Leave a Comment:

banner

Most viewed in recent weeks

How much do you need to retire comfortably?

Two commonly asked questions are: 'How much do I need to retire' and 'How much can I afford to spend in retirement'? This is a guide to help you come up with your own numbers to suit your goals and needs.

Meg on SMSFs: Clearing up confusion on the $3 million super tax

There seems to be more confusion than clarity about the mechanics of how the new $3 million super tax is supposed to work. Here is an attempt to answer some of the questions from my previous work on the issue. 

The secrets of Australia’s Berkshire Hathaway

Washington H. Soul Pattinson is an ASX top 50 stock with one of the best investment track records this country has seen. Yet, most Australians haven’t heard of it, and the company seems to prefer it that way.

How long will you live?

We are often quoted life expectancy at birth but what matters most is how long we should live as we grow older. It is surprising how short this can be for people born last century, so make the most of it.

Australian housing is twice as expensive as the US

A new report suggests Australian housing is twice as expensive as that of the US and UK on a price-to-income basis. It also reveals that it’s cheaper to live in New York than most of our capital cities.

Welcome to Firstlinks Edition 566 with weekend update

Here are 10 rules for staying happy and sharp as we age, including socialise a lot, never retire, learn a demanding skill, practice gratitude, play video games (specific ones), and be sure to reminisce.

  • 27 June 2024

Latest Updates

Investment strategies

The iron law of building wealth

The best way to lose money in markets is to chase the latest stock fad. Conversely, the best way to build wealth is by pursuing a timeless investment strategy that won’t be swayed by short-term market gyrations.

Economy

A pullback in Australian consumer spending could last years

Australian consumers have held up remarkably well amid rising interest rates and inflation. Yet, there are increasing signs that this is turning, and the weakness in consumer spending may last years, not months.

Investment strategies

The 9 most important things I've learned about investing over 40 years

The nine lessons include there is always a cycle, the crowd gets it wrong at extremes, what you pay for an investment matters a lot, markets don’t learn, and you need to know yourself to be a good investor.

Shares

Tax-loss selling creates opportunities in these 3 ASX stocks

It's that time of year when investors sell underperforming stocks at a loss to offset capital gains from profitable investments. This tax-loss selling is creating opportunities in three quality ASX stocks.

Economy

The global baby bust

Across the globe, leaders are concerned about the fallout from declining birth rates and shrinking populations. Australia, though attractive to migrants, mirrors global birth rate declines, and faces its own challenges.

Economy

Hidden card fees and why cash should make a comeback

Australians are paying almost two billion dollars in credit and debit card fees each year and the RBA wil now probe the whole payment system. What changes are needed to ensure the system is fair and transparent?

Investment strategies

Investment bonds should be considered for retirement planning

Many Australians neglect key retirement planning tools. Investment bonds are increasingly valuable as they facilitate intergenerational wealth transfer and offer strategic tax advantages, thereby enhancing financial security.

Sponsors

Alliances

© 2024 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.