Global Economics & Capital Markets

Episode #91: Review of UBS Global Investment Returns Yearbook 2026

Review of UBS Global Investment Returns Yearbook 2026

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle review the key findings from 27th edition of the UBS Global Investment Returns Yearbook for 2026.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

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Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #91!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In our podcast today we will review the key findings from 27th edition of the UBS Global Investment Returns Yearbook for 2026.  

Enjoy!

2)   REVIEW OF UBS GLOBAL INVESTMENT RETURNS YEARBOOK 2026:

François Doyon La Rochelle:

As usual, I will start this off.  Our topic today is a Review of the 27th edition of The UBS Global Investment Returns Yearbook, the 2026 Edition.  Reviewing the Yearbook is an annual ritual for our Podcast.  This is the 5th year we have published a podcast covering the Yearbook. I remind our listeners that prior podcasts covering the Yearbook are still very relevant today.

I would also like to highlight that UBS publishes the Yearbook in collaboration with Professors Paul Marsh and Mike Staunton of London Business School and Professor Elroy Dimson of Cambridge University.  They have been involved in all 27 editions.

That said, James, could you give our Listeners an Intro to the Yearbook and explain its purpose?…Read More

Links:

- UBS Global Investment Returns Yearbook 2026 – Public Summary Edition By Elroy Dimson, Paul Marsh & Mike Staunton - UBS

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Episode #90: Update on Expected Returns with Raymond Kerzerho

Update on Expected Returns with Raymond Kerzerho

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle welcome back PWL’s Senior Researcher, Raymond Kerzerho, to discuss expected returns.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

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Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #90!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In this episode, we will discuss expected returns with Raymond Kerzerho, PWL’s Senior Researcher.

Enjoy!

2)   UPDATE ON EXPECTED RETURNS WITH RAYMOND KERZERHO:

François Doyon La Rochelle:

As I mentioned in my introduction, to help us tackle today’s topic, we have invited Raymond Kerzhéro, PWL’s Senior Researcher.

So, good morning, Ray. It’s great to have you back on the podcast…Read More

Links:

- Model Portfolios – June 30, 2026 | Parkyn-Doyon La Rochelle by Team Parkyn-Doyon La Rochelle

- Market Statistics – June 2026 | Parkyn-Doyon La Rochelle by Raymond Kerzerho – PWL Capital

Stay informed and inspired. Subscribe to our Bi-Weekly Newsletter for the latest podcasts, blogs, and James & François’ top reads from the past two weeks.

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Episode #89: Financial Markets Update: 2026 Mid Year Market Check In

Financial Markets Update: 2026 Mid‑Year Market Check‑In

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, François Doyon La Rochelle and James Parkyn review the global capital markets performances for the first half of 2026. 

Or you can listen to this podcast using a streaming platform

EN:
 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

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Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #89!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In our podcast today we will review the global capital markets performances for the first half of 2026. 

Enjoy!

2)   FINANCIAL MARKETS UPDATE: 2026 MID-YEAR MARKET CHECK-IN:

François Doyon La Rochelle:

We’ve officially reached the halfway point of 2026, and as we usually do at this time every year, we’re taking a step back to look at what has shaped global markets over the past six months. If I had to summarize the first half of 2026 in one word, it would be… eventful. Not chaotic like last year, but full of surprises that kept investors on their toes…Read More

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Episode #88: ETF Mania: What 2025 Taught Us About Innovation, Noise, and Staying Disciplined

ETF Mania: What 2025 Taught Us About Innovation, Noise, and Staying Disciplined

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, François Doyon La Rochelle and James Parkyn review the ETF landscape for 2025 and what it has taught us about innovation, noise, and the need to staying disciplined.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #88!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In today’s episode, review the ETF landscape for 2025 and what it has taught us about innovation, noise, and the need to staying disciplined.

Enjoy!

2)   ETF MANIA: WHAT 2025 TAUGHT US ABOUT INNOVATION, NOISE, AND STAYING DISCIPLINED:

François Doyon La Rochelle:

In today’s podcast we will be diving into the ETF landscape after what was arguably a wild year for ETF launches both in the U.S. and in Canada. In 2025 more ETFs were launched than ever before, especially more active ETFs than plain vanilla index-based ETFs, and frankly I believe that a lot of those products don’t look like they were built with investors in mind. At least not those with a long-term investor mindset. So today we’ll ask a simple question: Is all this innovation helping investors? …Read More

Links:

- SPIVA® Canada Year-End 2025 - SPIVA | S&P Dow Jones Indices by Joseph Nelesen, Lucas Hyman & Davide Di Gioia – S&P Global

- US Active/Passive Barometer Report: Year-End 2025 | Morningstar by Bryan Armour, Eugene Gorbatikov & Maciej Kowara - Morningstar

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Episode #83: 2025 Capital Markets Review: A Banner Year for Investing Lessons

2025 Capital Markets Review: A Banner Year for Investing Lessons

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle break down the key stock market statistics from 2025 and unpack the biggest lessons the year taught investors.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #83!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In today’s episode, we break down the key stock market statistics from 2025 and we unpack the biggest lessons the year taught investors.

Enjoy!

2)   2025 CAPITAL MARKETS REVIEW: A BANNER YEAR FOR INVESTING LESSONS:

François Doyon La Rochelle:

Before we start, since this is our first podcast of the year, I would like to wish our audience a happy, healthy, and prosperous year in 2026.

James Parkyn:

Yes indeed, François. Our best wishes for 2026 go out to all our listeners and their families, wishing them all the best of health and happiness.

François Doyon La Rochelle:

Now, as we usually do in the first episode of the year, we will look at what happened in the markets and the economy in 2025, a year that frankly defied expectations at almost every turn. If we had told our listeners at the start of the year that we would see sweeping tariffs, a record‑long U.S. government shutdown, sticky inflation, geopolitical turmoil, and a constant tug‑of‑war between optimism and fear, I think that our listeners would have predicted a very rough year for the stock markets.…Read More

Links:

- Investor Psychology: How Behavioural Biases Can Sabotage Your Success — Capital Topics By James Parkyn – PWL Capital

- Our Best Advice of 2025 — Capital Topics By James Parkyn – PWL Capital

- Market Statistics | Parkyn-Doyon La Rochelle By Raymond Kerzérho – PWL Capital

Stay informed and inspired. Subscribe to our Bi-Weekly Newsletter for the latest podcasts, blogs, and James & François’ top reads from the past two weeks.

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