GloryHouse Wealth Management x PIMCO Podcast

Global Macro | 14 Dec 2025

Executive Summary

Our latest strategic dialogue explores the "Three Ts" shaping the future: Tariffs, Technology, and Transition. As global markets move from being market-led to politics-led, we identify a "bifurcated" opportunity set where traditional equity valuations appear stretched, but fixed income and credit markets offer generational value.

Duration Management: We are tactically "long duration," positioning portfolios to capture capital appreciation as inflation tames and the RBA and Fed move toward more neutral policy rates.

The New Frontier in Credit: Shifting focus from concentrated corporate lending to Asset-Based Financing (ABF). By investing in amortizing, collateralized assets like residential mortgages and specialty finance (aviation, royalties), we provide our clients with true diversification and a de-risking repayment profile.

Disclaimer

This content is provided for general information and communication purposes only and does not constitute investment advice, an offer, invitation, or recommendation, nor does it constitute personalised financial, legal, tax, or other professional advice. The views expressed are based on information believed to be reliable at the time of publication; however, no representation or warranty is made as to its accuracy, completeness, or currency. Views and opinions may change without notice. GloryHouse Wealth Management is a Corporate Authorised Representative of Mason Stevens Limited (AFSL 230705). Any views expressed are those of GloryHouse Wealth Management and do not necessarily reflect the views of Mason Stevens Limited or its related entities. Any references to asset classes, markets, or investment strategies are for general discussion only and are not intended as recommendations for any individual. All investments involve risk, and past performance is not indicative of future results. Before making any financial or investment decision, you should consider your personal circumstances and seek independent professional advice.