Today we're joined by Rob Mead, Managing Director and co-Head of Asia-Pacific Portfolio Management at PIMCO. PIMCO is one of the world's largest investment managers, managing trillions of dollars in fixed-income securities for clients. So they are well placed to give us a sense of the economy and where that may lead markets and rates for the rest of 2025. Today we speak to Rob about:<ul><li>The state of the economy in both Australia and the US</li><li>PIMCO's view on where rates will go from here in both Australia and the US</li><li>Why many advisers are underweight bonds and the risks that may cause in client portfolios</li></ul> This episode was recorded on March 27th 2025. ---------- CPD Points: This episode has been accredited for CPD points by the Financial Advice Association of Australia (FAAA). To claim your points, complete <a href="https://equitymates.com/episode/making-the-case-for-bonds-and-active-management-with-rob-mead-of-pimco" rel="noopener noreferrer" target="_blank">the CPD Quiz</a> and we'll send you your certificate. ---------- This episode has been sponsored by PIMCO. If you would like to learn more about PIMCO and their Cboe-listed ETFs, head to: <a href="https://www.pimco.com/au/en" rel="noopener noreferrer" target="_blank">https://www.pimco.com/au/en</a> Thank you to PIMCO for helping us keep all of our content free and accessible. ---------- Want more Basis Points?<ul><li>Sign up to the<a href="https://basispoints.beehiiv.com/subscribe" rel="noopener noreferrer" target="_blank"> Basis Points email</a></li><li>Join the conversation<a href="https://www.linkedin.com/showcase/basis-points-by-equity-mates/" rel="noopener noreferrer" target="_blank"> on LinkedIn</a></li><li>Watch all episodes in full and relive some of our favourite clips<a href="https://www.youtube.com/@basis.points" rel="noopener noreferrer" target="_blank"> on YouTube</a></li></ul> ---------- In the spirit of reconciliation, Equity Mates Media and the hosts of Basis Points acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.&nbsp; ---------- Basis Points is a product of Equity Mates Media.&nbsp; This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.&nbsp; Equity Mates Media operates under Australian Financial Services Licence 540697.

Macro outlook, where to for rates & why now for bonds - Rob Mead | PIMCO

Investing is an expectations game, and today’s guest wants to help you get the probabilities in your favour Today we're joined by Matt Wacher, Chief Investment Officer for Asia-Pacific at Morningstar. In our conversation, we cover:<ul><li>Why investing should be thought of as an expectations game</li><li>How we can identify the expectations investors have for different companies and markets</li><li>Why Matt likes finding the lowest bars to jump over</li><li>Examples of this approach: How it helped Matt and his team identify Alibaba's turnaround and avoid Nvidia's fall</li><li>Another company that Matt thinks the market has overreacted to and is set up for a turnaround</li></ul> ---------- CPD Points: This episode has been accredited for CPD points by the Financial Advice Association of Australia (FAAA). <ul><li>Legislated CPD Area(s): Technical Competence </li><li>Knowledge Requirement(s): Managed Investments</li></ul> To claim your points, complete <a href="https://equitymates.com/episode/basis-points-understanding-market-expectations-with-matt-wacher-of-morningstar/" rel="noopener noreferrer" target="_blank">the CPD Quiz</a> and we'll send you your certificate. ---------- Basis Points would not be possible without the support of our three launch partners:<ul><li><a href="https://www.orbis.com/au/investor/home" rel="noopener noreferrer" target="_blank">Orbis Investments</a> - Invest differently</li><li><a href="https://milfordasset.com.au/" rel="noopener noreferrer" target="_blank">Milford</a> - Invested in the outcome</li><li><a href="https://www.cboe.com/au/equities/" rel="noopener noreferrer" target="_blank">CBOE</a> - Local market, global opportunities</li></ul> Thank you to all three partners for helping us keep all of our content free and accessible. ---------- Want more Basis Points?<ul><li>Sign up to the <a href="https://basispoints.beehiiv.com/subscribe" rel="noopener noreferrer" target="_blank">Basis Points email</a></li><li>Join the conversation <a href="https://www.linkedin.com/showcase/basis-points-by-equity-mates/" rel="noopener noreferrer" target="_blank">on LinkedIn</a></li><li>Watch all episodes in full and relive some of our favourite clips <a href="https://www.youtube.com/@basis.points" rel="noopener noreferrer" target="_blank">on YouTube</a></li></ul> ---------- In the spirit of reconciliation, Equity Mates Media and the hosts of Basis Points acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.&nbsp; ---------- Basis Points is a product of Equity Mates Media.&nbsp; This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.&nbsp; Equity Mates Media operates under Australian Financial Services Licence 540697.

Overweight Alibaba, underweight Nvidia: Playing the expectations game with Matt Wacher | Morningstar

Everyone can talk-the-talk when it comes to diversification. But are our portfolios walking-the-walk? Today's guest doesn't think so. Today we're joined by Adam Bajcarz, Head of Portfolio Management at Apt Wealth. In this episode we focus on:<ul><li>Apt Wealth's investment philosophy and rules of portfolio construction</li><li>Where Adam believes many advisers are getting diversification wrong</li><li>How the investment team at Apt Wealth assess fund managers</li><li>Adam's 5 P's of investing</li><li>The emerging asset classes that Adam is seeing more of in Australia</li></ul> ---------- CPD Points: This episode has been accredited for CPD points by the Financial Advice Association of Australia (FAAA). To claim your points, complete <a href="https://equitymates.com/episode/portfolio-construction-manager-selection-and-emerging-asset-classes-with-adam-barjcarz/" rel="noopener noreferrer" target="_blank">the CPD Quiz</a> and we'll send you your certificate. ---------- Basis Points would not be possible without the support of our three launch partners:<ul><li><a href="https://www.orbis.com/au/investor/home" rel="noopener noreferrer" target="_blank">Orbis</a> - Invest differently</li><li><a href="https://milfordasset.com.au/" rel="noopener noreferrer" target="_blank">Milford Asset Management</a> - Invested in the outcome</li><li><a href="https://www.cboe.com/au/equities/" rel="noopener noreferrer" target="_blank">CBOE</a> - Local market, global opportunities</li></ul> Thank you to all three partners for helping us keep all of our content free and accessible. ---------- Want more Basis Points?<ul><li>Sign up to the<a href="https://basispoints.beehiiv.com/subscribe" rel="noopener noreferrer" target="_blank"> Basis Points email</a></li><li>Join the conversation<a href="https://www.linkedin.com/showcase/basis-points-by-equity-mates/" rel="noopener noreferrer" target="_blank"> on LinkedIn</a></li><li>Watch all episodes in full and relive some of our favourite clips<a href="https://www.youtube.com/@basis.points" rel="noopener noreferrer" target="_blank"> on YouTube</a></li></ul> ---------- In the spirit of reconciliation, Equity Mates Media and the hosts of Basis Points acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.&nbsp; ---------- Basis Points is a product of Equity Mates Media.&nbsp; This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.&nbsp; Equity Mates Media operates under Australian Financial Services Licence 540697.

What you're getting wrong about diversification with Adam Bajcarz | Apt Wealth

Basis Points has launched! And what a big episode to kick off with. Today we're joined by the founder of Viola Private Wealth and an adviser who often sits at the top of the list of Australia's best advisers: Charlie Viola. In a wide-ranging conversation, we speak to Charlie about:<ul><li>Going out on his own and launching Viola Private Wealth</li><li>His foundational principles of portfolio construction</li><li>Best practice for educating clients and bringing them on the journey</li><li>How the Viola team assess emerging asset classes</li></ul> ---------- CPD Points: This episode has been accredited for CPD points by the Financial Advice Association of Australia (FAAA). To claim your points, complete <a href="https://equitymates.com/episode/episode-1-charlie-viola/" rel="noopener noreferrer" target="_blank">the CPD Quiz</a> and we'll send you your certificate. ---------- Basis Points would not be possible without the support of our three launch partners:<ul><li><a href="https://www.orbis.com/au/investor/home" rel="noopener noreferrer" target="_blank">Orbis</a> - Invest differently</li><li><a href="https://milfordasset.com.au/" rel="noopener noreferrer" target="_blank">Milford Asset Management </a>- Invested in the outcome</li><li><a href="https://www.cboe.com/au/equities/" rel="noopener noreferrer" target="_blank">CBOE </a>- local market, global opportunities</li></ul> Thank you to all three partners for helping us keep all of our content free and accessible. ---------- Want more Basis Points?<ul><li>Sign up to the <a href="https://basispoints.beehiiv.com/subscribe" rel="noopener noreferrer" target="_blank">Basis Points email</a></li><li>Join the conversation <a href="https://www.linkedin.com/showcase/basis-points-by-equity-mates/" rel="noopener noreferrer" target="_blank">on LinkedIn</a></li><li>Watch all episodes in full and relive some of our favourite clips <a href="https://www.youtube.com/@basis.points" rel="noopener noreferrer" target="_blank">on YouTube</a></li></ul> ---------- In the spirit of reconciliation, Equity Mates Media and the hosts of Basis Points acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.&nbsp; ---------- Basis Points is a product of Equity Mates Media.&nbsp; This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.&nbsp; Equity Mates Media operates under Australian Financial Services Licence 540697.

Don't blow up your client's money with Charlie Viola | Viola Private Wealth

The global opportunity set for investors is massive. And yet, so much of our attention focuses on such a narrow section of one market. Today's guest wants us to break out of our bubble and explore the full global opportunity that we have before us. Today we're joined by Alexander Whight, Portfolio Manager and Head of Global Equities at Milford. We speak to Alexander about:<ul><li>Separating the signal from the noise is such a noisy market</li><li>Alexander's investment process at Milford: from uncovering new ideas, research to investing</li><li>The best uses of AI tools for stock research</li><li>Two companies Alexander is finding interesting at the moment: API Group (NYSE: APG) and Aramark (NYSE: ARMK)</li></ul> ---------- CPD Points: This episode has been accredited for CPD points by the Financial Advice Association of Australia (FAAA). To claim your points, complete <a href="https://equitymates.com/episode/finding-opportunities-beyond-the-magnificent-seven-with-alexander-whight/" rel="noopener noreferrer" target="_blank">the CPD Quiz</a> and we'll send you your certificate. ---------- This episode has been sponsored by Milford. If you’d like to find out more about what Milford can do for your clients, check out <a href="http://milfordasset.com.au/" rel="noopener noreferrer" target="_blank">milfordasset.com.au</a>. To learn more and before you invest, be sure to read the Milford Funds Product Disclosure Statements and Target Market Determinations at <a href="http://milfordasset.com.au/" rel="noopener noreferrer" target="_blank">milfordasset.com.au</a>. 'Milford’ in this podcast refers to Milford Australia Pty Ltd ABN 65 169 262 971 (AFSL 461253), which was formerly known as Milford Asset Management in Australia. Thank you to Milford for helping us keep all of our content free and accessible. ---------- Want more Basis Points?<ul><li>Sign up to the<a href="https://basispoints.beehiiv.com/subscribe" rel="noopener noreferrer" target="_blank"> Basis Points email</a></li><li>Join the conversation<a href="https://www.linkedin.com/showcase/basis-points-by-equity-mates/" rel="noopener noreferrer" target="_blank"> on LinkedIn</a></li><li>Watch all episodes in full and relive some of our favourite clips<a href="https://www.youtube.com/@basis.points" rel="noopener noreferrer" target="_blank"> on YouTube</a></li></ul> ---------- In the spirit of reconciliation, Equity Mates Media and the hosts of Basis Points acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.&nbsp; ---------- Basis Points is a product of Equity Mates Media.&nbsp; This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.&nbsp; Equity Mates Media operates under Australian Financial Services Licence 540697.

There's more to life than the Magnificent Seven with Alexander Whight | Milford 

Are we entering a golden age of financial advice? This adviser certainly thinks so. Today we're joined by Andrew Hewison, the Managing Director of Hewison Private Wealth. In our conversation, we cover:<ul><li>The biggest changes in the advice landscape over the past 20 years</li><li>Why Hewison Private Wealth uses IMAs over SMAs and model portfolios</li><li>The best uses of AI Andrew has seen across the advice industry</li><li>The operations of Hewison Private Wealth's in-house investment committee</li></ul> ---------- CPD Points: This episode has been accredited for CPD points by the Financial Advice Association of Australia (FAAA). To claim your points, complete<a href="https://equitymates.com/episode/andrew-hewison-on-building-bespoke-portfolios-and-the-future-of-financial-advice" rel="noopener noreferrer" target="_blank"> the CPD Quiz</a> and we'll send you your certificate. ---------- Basis Points would not be possible without the support of our three launch partners:<ul><li><a href="https://www.orbis.com/au/investor/home" rel="noopener noreferrer" target="_blank">Orbis</a> - Invest differently</li><li><a href="https://milfordasset.com.au/" rel="noopener noreferrer" target="_blank">Milford Asset Management</a> - Invested in the outcome</li><li><a href="https://www.cboe.com/au/equities/" rel="noopener noreferrer" target="_blank">CBOE</a> - Local market, global opportunities</li></ul> Thank you to all three partners for helping us keep all of our content free and accessible. ---------- Want more Basis Points?<ul><li>Sign up to the<a href="https://basispoints.beehiiv.com/subscribe" rel="noopener noreferrer" target="_blank"> Basis Points email</a></li><li>Join the conversation<a href="https://www.linkedin.com/showcase/basis-points-by-equity-mates/" rel="noopener noreferrer" target="_blank"> on LinkedIn</a></li><li>Watch all episodes in full and relive some of our favourite clips<a href="https://www.youtube.com/@basis.points" rel="noopener noreferrer" target="_blank"> on YouTube</a></li></ul> ---------- In the spirit of reconciliation, Equity Mates Media and the hosts of Basis Points acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.&nbsp; ---------- Basis Points is a product of Equity Mates Media.&nbsp; This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.&nbsp; Equity Mates Media operates under Australian Financial Services Licence 540697.

Entering the golden age of financial advice with Andrew Hewison | Hewison Private Wealth 

The past decade has been tough for stock pickers. Active managers have struggled to keep up with the index, particularly in the US, as Big Tech pushed ever-higher and a flood of money flowed into passive ETFs. Our guest today thinks that some of these trends are reversing. Today we're joined by Eric Marais, Investment Specialist at Orbis. We speak to Eric about:<ul><li>The case for reducing exposure to US Big Tech</li><li>Some counterintuitive ideas that form the basis of Orbis' philosophy</li><li>Why Eric believes animal spirits are back</li><li>How we could be entering a stock pickers market</li><li>Two stocks Eric finds interesting: Nintendo (TYO: 7974) and Corpay (NYSE: CPAY)</li></ul> ---------- CPD Points: This episode has been accredited for CPD points by the Financial Advice Association of Australia (FAAA). To claim your points, complete <a href="https://equitymates.com/episode/contrarian-investing-and-global-markets-with-eric-marais/" rel="noopener noreferrer" target="_blank">the CPD Quiz</a> and we'll send you your certificate. ---------- This episode has been sponsored by Orbis. If you would like to learn more about Orbis' contrarian investment approach can offer a true point of diversification when constructing client portfolios, <a href="https://www.orbis.com/au/adviser/sunrise-on-venus-orbis-global-equity-fund-au?utm_source=bloomberg&amp;utm_medium=display&amp;utm_campaign=sov&amp;utm_content=fundlandingpage" rel="noopener noreferrer" target="_blank">click here</a>. Thank you to Orbis for helping us keep all of our content free and accessible. ---------- Want more Basis Points?<ul><li>Sign up to the <a href="https://basispoints.beehiiv.com/subscribe" rel="noopener noreferrer" target="_blank">Basis Points email</a></li><li>Join the conversation <a href="https://www.linkedin.com/showcase/basis-points-by-equity-mates/" rel="noopener noreferrer" target="_blank">on LinkedIn</a></li><li>Watch all episodes in full and relive some of our favourite clips <a href="https://www.youtube.com/@basis.points" rel="noopener noreferrer" target="_blank">on YouTube</a></li></ul> ---------- Basis Points is a product of Equity Mates Media. Basis Points is intended solely for industry professionals, financial advisers and wholesale investors.&nbsp;&nbsp;This podcast is intended for education and entertainment purposes. Any advice is general advice only and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement and Target Market Determination. And if you are unsure, please speak to a financial adviser. There are risks with any investments, including one in the Orbis funds. Past performance is not a reliable indicator of future performance and the value of any investment in an Orbis fund is not guaranteed.&nbsp;This podcast represents Orbis' view at a point in time and provides reasoning on why Orbis has bought or sold a particular security for its funds. Orbis may take the opposite view from that stated, as facts or circumstances may change. This podcast does not prohibit the Orbis funds from dealing in the securities before or after this is published.&nbsp;Equity Mates Media operates under Australian Financial Services Licence 540697.

We're entering a stock pickers market with Eric Marais | Orbis Investments

Today we're joined by two guests from Cboe Australia: Emma Quinn (President, Cboe Australia) and Oran D'Arcy (Head of Listings, APAC) We speak to Emma and Oran about:<ul><li>Cboe Australia's role in Australia's financial markets</li><li>The rise of ETFs and where Australians are investing</li><li>The trends Cboe have witnessed overseas that they're seeing come to Australia.</li></ul> ---------- CPD Points: This episode has been accredited for CPD points by the Financial Advice Association of Australia (FAAA). To claim your points, complete <a href="https://equitymates.com/episode/emma-quinn-on-market-innovation-etf-growth-and-why-investors-are-trading-beyond-the-asx/" rel="noopener noreferrer" target="_blank">the CPD Quiz</a> and we'll send you your certificate. ---------- This episode has been sponsored by Cboe Australia. If you would like to learn more about Cboe Australia and subscribe to their monthly Australian ETF Report, head to: <a href="cboe.com/fundsreport" rel="noopener noreferrer" target="_blank">cboe.com/fundsreport</a> Thank you to Cboe Australia for helping us keep all of our content free and accessible. ---------- Want more Basis Points?<ul><li>Sign up to the<a href="https://basispoints.beehiiv.com/subscribe" rel="noopener noreferrer" target="_blank"> Basis Points email</a></li><li>Join the conversation<a href="https://www.linkedin.com/showcase/basis-points-by-equity-mates/" rel="noopener noreferrer" target="_blank"> on LinkedIn</a></li><li>Watch all episodes in full and relive some of our favourite clips<a href="https://www.youtube.com/@basis.points" rel="noopener noreferrer" target="_blank"> on YouTube</a></li></ul> ---------- In the spirit of reconciliation, Equity Mates Media and the hosts of Basis Points acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.&nbsp; ---------- Basis Points is a product of Equity Mates Media.&nbsp; This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.&nbsp; Equity Mates Media operates under Australian Financial Services Licence 540697. ---------- Cboe Australia is the holder of an Australian Markets Licence to operate a financial market in Australia. This information is provided for informational purposes only. It does not take into account the particular investment objectives, financial situation, or needs of any individual or entity. Under no circumstances is it to be used as a basis for, or considered as an offer to, become a participant of or trade on Cboe Australia or undertake any other activity or purchase or sell any security, or as a solicitation or recommendation of the purchase, sale, or offer to purchase or sell any security.

Up 4x since 2019, where to next for ETFs with Emma Quinn and Oran D'Arcy | Cboe Australia

Small improvements, compounded. 

We're excited to share our latest podcast: Basis Points by Equity Mates

Introducing: Basis Points by Equity Mates

Small improvements, compounded. That is the power of basis points. From Equity Mates Media, Basis Points is a show for Australian financial advisers. Together, let's find small improvements that compound into big outcomes.

Basis Points

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