Why the US Underperformed in 2025 - and Why It Will Happen Again with Cameron Gleeson

Описание: 2025 saw global markets outside the US outperform and Betashares' Cameron Gleason believes that trend is far from over.

We sat down with Cam, Senior Investment Strategist at Betashares, to unpack the macro and market forces that could see Europe, Japan, and emerging markets lead the charge in 2026.

You'll learn:
• Why the US may lag despite strong earnings growth
• Europe’s policy pivot and Japan’s inflation comeback
• The emerging markets getting Cameron most excited
•Currency hedging strategies and portfolio positioning for 2026

00:00 Teaser: Ex-US Wins Again
00:30 Show Introduction
01:08 Why US Underperformed
03:53 2025 Global Market Recap
05:05 Valuations And Discounts
06:38 Europe Japan Lead Returns
07:51 Emerging Markets Surprise
08:23 Australia’s Mixed Year
10:37 What Drives 2026 Outlook
12:25 Dollar Risk Explained
13:57 Europe And Japan Tailwinds
16:14 Japan Currency And Bonds
21:56 China’s Structural Challenges
26:06 Emerging Markets Beyond China
29:27 Steelman Case For US
34:51 Portfolio Takeaways

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CPD Points: This episode has been accredited for CPD points by the Financial Advice Association of Australia (FAAA).

To claim your points, complete the CPD Quiz and we'll send you your certificate (https://equitymates.com/episode/why-t...)

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