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In this episode of Relative Return Insider, host Olivia Grace-Curran is joined by AMP Chief Economist Shane Oliver to unpack the biggest economic themes influencing investors and markets. The pair discuss the IMF's latest global and Australian growth forecasts, exploring why the world economy continues to hold up despite ongoing shocks - from geopolitical tensions and oil market uncertainty to the accelerating AI investment boom. Shane shares his insights on the inflation risks emerging from the massive build-out of data centres, semiconductors and AI infrastructure - and what this could mean for central banks, interest rates and Australia's economic outlook. The conversation also covers the RBA's concerns around a more inflation-prone global environment, including deglobalisation, trade fragmentation, climate-related pressures and slowing productivity growth. Shane explains why the economic landscape has shifted from the disinflationary trends of previous decades to one where policymakers face increasingly complex trade-offs. Plus, the discussion turns to global central banks, including the Reserve Bank of New Zealand's latest rate move and the Federal Reserve's review of its communication strategy, balance sheet and inflation framework. Wrapping up, Olivia and Shane look ahead to the key economic data investors will be watching - including US inflation, Chinese growth figures, Australian confidence surveys and ongoing geopolitical risks - before taking a lighter detour into astrology, market cycles and whether the stars might have anything to say about the future.

In this episode of Relative Return Insider, host Olivia Grace-Curran sits down with AMP chief economist Shane Oliver to unpack whether the "good old days" really were better - and what today's economic pressures mean for Australians. Shane explores AMP's recent research comparing life in the mid-1970s, around the year 2000, and today. While many Australians feel worse off amid rising costs and housing affordability challenges, the data tells a more complicated story. The discussion also covers: * What the RBA's latest minutes reveal about interest rates and inflation risks * Whether Australia could see another rate hike * The outlook for US inflation and the Federal Reserve * How oil prices, geopolitics and tariffs are shaping global markets * The impact of social media on economic sentiment and public frustration * The future of financial markets, including the move to T+1 settlement and faster payments

In this episode of Relative Return, host Laura Dew and Signal Advisory managing director Anthony Caneva discuss how financial advice firms are using technology and AI to tackle some of the profession's biggest operational challenges, from client onboarding and advice implementation to document generation and workflow management. Anthony outlines the governance considerations that come with AI adoption, including data management, privacy and regulatory expectations while sharing his views on how advisers should assess new technology, why transparency is essential when AI interacts with clients, and the risks of using AI for tasks better suited to traditional automation. Tune in to hear: How advisers should be utilising AI in their businesses. The importance of maintaining human touch in advice. Where technology is delivering the greatest efficiency benefits.

*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id= "request-WEB:0c99ac78-f4a2-445e-b7fa-30ff2ac5b205-0" data-turn-id-container= "request-WEB:0c99ac78-f4a2-445e-b7fa-30ff2ac5b205-0" data-testid= "conversation-turn-2" data-turn="assistant"> In this week's Relative Return Insider, host Olivia Grace Curran is joined by AMP Chief Economist Shane Oliver for a deep dive into the key forces shaping markets in Australia and globally. The conversation unpacks the Reserve Bank of Australia's latest decision to hold the cash rate at 4.35%, and what rising inflation pressures, wage dynamics, and slowing growth signals could mean for the path ahead - including whether further rate hikes are still on the table. The discussion then shifts to the United States, where a new Federal Reserve leadership approach signals a shift in communication strategy, reduced forward guidance, and a potentially more volatile outlook for markets as policy signals become less predictable. Shane also explores the geopolitical ripple effects of developments in the Middle East, including the potential impact of easing tensions on oil prices, inflation, and household fuel costs in Australia.

In this episode of Relative Return Insider, Olivia Grace Curran speaks with AMP Chief Economist Shane Oliver about key global market and economic developments. They discuss Middle East tensions and their impact on oil and equity markets, the surge in major IPOs like SpaceX and OpenAI, and what this means for investor sentiment. The conversation also covers the outlook for the Reserve Bank of Australia, inflation pressures, and the likely direction of interest rates in Australia and the U.S. Finally, they explore how major sporting events like the FIFA World Cup are increasingly intertwined with global capital and economic activity. A fast-paced breakdown of the forces shaping markets right now - from geopolitics to IPO hype and central bank decisions.

In the latest episode of Relative Return, journalist Olivia Grace-Curran speaks with Ben Samuel and Ky Van Tang from First Sentier Investors Group about the shifting macro landscape, the outlook for rates, and why investors are increasingly revisiting cash strategies. The discussion begins with an overview of the business, the scale of the team, and the firm's approach to managing cash and income portfolios in a higher-rate environment. Samuel and Van Tang then unpack some of the biggest themes shaping markets today, including the Reserve Bank of Australia's inflation-growth balancing act, how geopolitical tensions are complicating policy decisions, and what investors should be watching ahead of the next RBA meeting. The episode also explores: Risks emerging across the banking sector AI-driven layoffs and loan quality concerns Whether issues around underwriting standards and loan fraud are systemic Why cash is becoming increasingly attractive in portfolios The different avenues investors are using to gain exposure, including TDs, cash accounts, ETFs and managed funds The evolution of cash investing and First Sentier Investors Group's upcoming ETF launch

In this episode of Relative Return, Olivia Grace-Curran speaks with Haran Karunakaran from Capital Group about the changing role of fixed income in portfolios. They discuss whether bonds still provide diversification benefits, why higher yields are driving renewed interest in traditional fixed income strategies, and how active management can uncover opportunities across global markets. The conversation also explores the rapid growth of private credit and the risks investors should be watching. Tune in for insights on building resilient portfolios in today's evolving investment landscape.

This week on Relative Return, Lonsec Deputy Head of Research Darrell Clark breaks down the fund manager's research framework and assessment processes, explaining how this translates into determining the winners for Money Management's upcoming Fund Manager of the Year Awards. Darrell delves into the highly competitive nature of the funds management sector and how recognition through industry awards plays into Lonsec's benchmarking system, as well as how it can impact relationships with financial advisers.

In this episode of Relative Return Insider, host Olivia Grace-Curran speaks with AMP Chief Economist Shane Oliver to unpack the latest developments in global and Australian markets. They discuss the Reserve Bank of Australia's latest minutes and what they signal for interest rates, the surprise jump in unemployment to 4.5%, and what it means for the RBA's next move. The conversation also explores key inflation trends, consumer spending resilience, and the outlook for household activity heading into the next policy meeting. Beyond Australia, Shane examines rising geopolitical tensions in the Middle East and their impact on oil markets, including the Strait of Hormuz and shifting supply dynamics.

This week on Relative Return, AMP Chief Economist Shane Oliver breaks down one of the most controversial federal budgets in years - from sweeping changes to negative gearing and capital gains tax, to what it all means for inflation, interest rates, housing, and business confidence. Shane says the budget is effectively adding more stimulus into an economy already struggling with inflation pressures, warning it could make the Reserve Bank's job harder and increase the likelihood of another rate hike later this year. The conversation dives deep into the winners and losers of the budget, with first-home buyers, shares, super and commercial property tipped as relative beneficiaries, while property investors, startups and growth businesses could face new challenges.