Global Economics & Capital Markets

Episode #75: Review of UBS Global Investment Returns Yearbook 2025

Review of UBS Global Investment Returns Yearbook 2025

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle review the key findings from the 26th edition of the UBS Global Investment Returns Yearbook for 2025.

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.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #75!

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 26th edition of the UBS Global Investment Returns Yearbook for 2025.  

Enjoy!

2)   REVIEW OF UBS GLOBAL INVESTMENT RETURNS YEARBOOK 2025:

François Doyon La Rochelle:

Hello, James! How are you today?

James Parkyn:

I'm very good, Francois. And how are you?

François Doyon La Rochelle:

I will start this off for our Listeners.  Today's topic is a Review of the 26th edition of The UBS Global Investment Returns Yearbook 2025 Summary Edition.  Reviewing the Yearbook is an annual ritual for our Podcast.  This is the second year it has been published under the UBS Brand. This change came about because of the merger of Credit Suisse and UBS. This is the 4th year we have published a podcast offering the UBS Global Investment Returns Yearbook and the content from the prior Yearbooks is still very relevant.

I would also like to highlight that the Yearbook is published by UBS in collaboration with Professors Paul Marsh and Mike Staunton of London Business School and Professor Elroy Dimson of Cambridge University.  They have been involved for all 26 years.

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

Links:

- Global Investment Returns Yearbook 2025 | UBS Global by Elroy Dimson, Paul March & Mike Staunton – UBS Global

Episode #74: Update on Market Volatility and Review of Active vs Passive Management

Update on Market Volatility and Review of Active vs Passive Management

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle discuss the current volatility in the stock markets and then revisit the state of the ETF Landscape in Canada, as well as the debate between active and passive funds.  

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.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #74!

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 discuss the current volatility in the stock markets, and then revisit the state of ETFs Landscape in Canada, as well as the debate between active and passive funds.  

Enjoy!

2)   UPDATE ON MARKET VOLATILITY AND REVIEW OF ACTIVE VS PASSIVE MANAGEMENT

François Doyon La Rochelle:

Hello, James! How are you today?

James Parkyn:

I'm very good, Francois. And how are you?

François Doyon La Rochelle:

I'm fine, thank you! Before we tackle our main topic today, we believe that it's essential to address the current market volatility triggered by American tariffs, imposed on the Global economy. James, what do you want to share with our listeners?…Read More

Links:

- The Passive Vs. Active Fund Monitor (2024) | PWL Capital by Raymond Kerzerho– PWL Capital

- US Active/Passive Barometer Report: Year-End 2024 | Morningstar by Morningstar

- SPIVA Canada Year-End 2024 Scorecard by Joseph Nelesen, Maya Beyhan, Davide Di Giola – S&P Dow Jones Indices

Episode #72: Investing Lessons From 2024

Investing Lessons From 2024

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle continue their annual tradition of sharing Investing Lessons of the prior year, 2024.

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.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:  

You’re listening to Capital Topics, episode #72!

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 discuss the investing lessons of 2024

Enjoy!

2) INVESTING LESSONS FROM 2024:

François Doyon La Rochelle:

I will start. In our last Podcast #71, we reviewed the capital markets results for 2024 and by doing so we underlined the main economic and geopolitical events that we believe shaped the capital markets results last year. Every year brings valuable lessons to investors that remind us of the importance of staying disciplined and focused on the long term and avoiding being deterred by short-term noise. So, James, let’s continue our annual tradition of sharing Investing Lessons of the prior year … 2024.

 

James Parkyn:

François, as you well know every year the markets provide us with lessons. As our Friend and author Larry Swedroe often states: “With great frequency, markets offer remedial courses covering lessons they taught in previous years. That’s why one of my favorite sayings is that there’s nothing new in investing, only investment history you don’t know.”  Today we will share our five main lessons from 2024. In preparing this year’s list, we reviewed our Lessons from 2022 and 2023. It should come as no surprise François, all of this year’s lessons can be found in our lessons from those two prior years..…Read More

Links:

- Episode #71: 2024 Capital Markets Year in Review: Another spectacular year! — Capital Topics by James Parkyn & François Doyon La Rochelle– PWL Capital

Episode #71: 2024 Capital Markets Year in Review: Another spectacular year!

2024 Capital Markets Year in Review: Another spectacular year!

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle reviews the global capital markets performances for 2024.

They will be pulling performance data points from our market statistics page, a document you can find on our website Capital Topics, a valuable tool to follow today’s discussion and to review and assess the performance of your portfolios.

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.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:  

You’re listening to Capital Topics, episode #71!

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 2024. 

Enjoy!

2) 2024 CAPITAL MARKET YEAR IN REVIEW: ANOTHER SPECTACULAR YEAR!

François Doyon La Rochelle:

Before we start, since this is our first podcast for the year, I would like to wish our audience a happy, healthy, and prosperous year in 2025.

James Parkyn:

Yes, indeed François. Happy New Year to all of our listeners and their families. Wishing them all the best.

François Doyon La Rochelle:

Now to our day's topic and as usual, we will start the year with a review of the global capital market’s performance for last year, 2024. As in prior performance review episodes, I will mostly be pulling performance data points from our market statistics page, a document you can find on our website Capital Topics in the resources section, or directly on our team’s page on the PWL Capital website. We believe it is a valuable tool to follow today’s discussion and to review and assess the performance of your portfolios.…Read More

Links:

- When a Crystal Ball Isn't Enough to Make You Rich - Elm Partners by Victor Haghani, James White and Jerry Bell – Elm Wealth Management

- Crystal Ball Trading Challenge - Elm Partners by Elm Wealth Management

Episode 66: Mid-Year Capital Markets Review

Mid-Year Capital Markets Review

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle will be reviewing the performance of capital markets for the first half of 2024. It is a subject they cover twice yearly to help their listeners better understand and evaluate their portfolios’ performance. 

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.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:  You’re listening to Capital Topics, episode #66! 

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. 

Our topic for today will be the review of performance of capital markets for the first half of 2024. 

Enjoy! 

2) 2024 MID-YEAR CAPITAL MARKETS REVIEW  :

François Doyon La Rochelle: 

Before we start, we thought of rewarding our regular listeners with a prize. All of you are eligible, we will have more details at the end of today’s podcast.  

Now, I will start to cover today’s topic which is the mid-year review of the global capital markets performance for the first half of 2024. Our regular listeners know that we cover this topic twice yearly to help them better understand and evaluate their portfolios’ performance. 

James Parkyn:  

Yes, and François since we will be going over a lot of data points from our market statistics report, I would like to remind our listeners that the report can be found on our Capital Topics website page in the resources section, or it is available on our team’s page on the PWL Capital website. …Read More

Links:

- Team Parkyn-Doyon La Rochelle Model Portfolios - June 30, 2024 - PWL Capital by Raymond Kerzérho at PWL Capital 

- Market Statistics - Parkyn Doyon La Rochelle - June 2024 - PWL Capital by Raymond Kerzérho at PWL Capital 

- Email for Tennis tickets giveaway: capitaltopics@pwlcapital.com