Episodes

  • 382: Artificial reality vs. the real world – the economics of AI

    382: Artificial reality vs. the real world – the economics of AI
    Oct 16 2025
    How is the mass adoption of AI changing the labour market? Could this technology shift the balance of geopolitical power? And can investors access this theme without increasing concentration risk?
    In this week’s episode, three L&G experts share their insights. Our speakers are:
    • James Carrick, Senior Economist and Strategist
    • Matthew Rodger, Economist
    • Andrzej Pioch, Fund Manager

    This episode was recorded on 10 October 2025 and is hosted by Harry Brooks, European Content Manager.
    Sources:
    • AI as percentage of US Q1 GDP: L&G calculations, Macrobond, Artificial Analysis, AI spend includes computer, software, data centre and electricity investment. Investment not adjusted for import component as at 30 June 2025.
    • US and China make up 80% of AI: EPOCH AI as at June 2025.
    • AI spillover and multiplier effects: Honey, AI Capex is Eating the Economy
    • US Census Bureau estimate of AI capex: Macrobond as at June 2025.

    For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future. Securities mention for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.
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    16 mins
  • 381: Politics, emerging markets and gold – Market Talk

    381: Politics, emerging markets and gold – Market Talk
    Oct 9 2025
    Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on political turbulence in the US, France and Japan, and considers whether the structural drivers behind the rising gold price can support continued gains.
    This podcast was recorded on 8 October 2025 and is hosted by Harry Brooks.
    All data is sourced from LSEG as at 7 October 2025 unless otherwise stated.
    For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future. Securities mention for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.
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    21 mins
  • 380: Our global approach to active fixed income

    380: Our global approach to active fixed income
    Oct 2 2025
    In today’s interconnected markets, we believe taking a global approach to managing fixed income assets is essential, as economic or political developments in one region can have a significant impact around the world.
    In the latest episode of L&G Talks Asset Management, Colin Reedie and Jason Shoup, Co-Heads of Global Fixed Income at L&G, had a transatlantic conversation on the benefits of thinking and acting globally, and discussed:
    • What a global approach to active fixed income really means—and how it works in practice
    • How to balance regional expertise with a globally consistent approach
    • The inside story on our global meetings and debates, and how the outcomes shape our regional positioning
    • Insights into current market dynamics that affect investors around the world from US exceptionalism, to emerging markets and AI

    For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future.
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    32 mins
  • 379: Quantum computing: What, how and when?

    379: Quantum computing: What, how and when?
    Sep 25 2025
    This week on L&G Talks Asset Management we bring together a panel of leading experts to discuss one of the most talked-about technology topics: quantum computing.

    Our panel explains why quantum represents a paradigm shift in computing, particularly given recent advances in artificial intelligence. From an investor standpoint, we’ll also look at why we believe now is the time for interested investors to seek out exposure to quantum companies.

    Hosting the discussion we’ve Alastair Stewart, Head of Investments for Venture Capital, L&G.

    Joining the conversation we have:

    Alessandro Curioni - Vice President of IBM Europe and Africa and Director of the IBM Research Lab in Zurich, Switzerland. Alessandro is a world-leading expert on quantum computing and also part of L&G’s venture capital advisory board.

    John Morton – Founder and CTO, Quantum Motion. In addition to being the founder of multiple quantum start-ups, John is also a leading professor at University College London.

    Chloe Hall - Senior Investment Manager - Venture Capital, L&G. In addition to her work with L&G, Chloe has been a board-level representative in several growth-stage deep tech companies.

    For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The included information does not constitute a recommendation to buy or sell any security.
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    35 mins
  • 378: Why doesn’t it feel like a bull market? Market Talk

    378: Why doesn’t it feel like a bull market? Market Talk
    Sep 18 2025
    Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on upcoming central bank decisions, and explains why market returns, economic growth and sentiment don’t always run in parallel.

    This podcast was recorded on 17 September 2025 and is hosted by Harry Brooks.

    All data is sourced from LSEG as at 17 September 2025 unless otherwise stated.

    For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future.
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    23 mins
  • 377: Do famous investment sayings hold water?

    377: Do famous investment sayings hold water?
    Sep 11 2025
    Anyone who has spent time thinking about markets is likely to have heard at least a few time-honoured investing aphorisms.

    But do they actually work?

    In this episode, three experts discuss the findings from their recent whitepaper, which aimed to answer this question, separating the pearls of wisdom from the specious sayings. Our speakers are:

    • Christopher Jeffery, head of macro strategy
    • Christopher Teschmacher, fund manager and head of asset allocation investment specialists, and
    • Patrick Greene, strategist
    This podcast is hosted by Dee Campell, DC Content Manager, and was recorded on 8 September 2025.

    To read the whitepaper, search for ‘L&G insights’, where you’ll find all our latest thought leadership.


    It should be noted that diversification is no guarantee against a loss in a declining market. For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future.
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    17 mins
  • 376: Government debt and the uncertainty premium – Market Talk

    376: Government debt and the uncertainty premium – Market Talk
    Sep 4 2025
    Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on the latest drama at the US Federal Reserve, political developments in France, and China’s equity market rally.
    This podcast was recorded on 3 September 2025 and is hosted by Harry Brooks.
    All data is sourced from LSEG as at 3 September 2025 unless otherwise stated.
    For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future.
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    25 mins
  • 375: Interest rate expectations, US data revision and AI earnings – Market Talk

    375: Interest rate expectations, US data revision and AI earnings – Market Talk
    Aug 6 2025
    Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on the steepening of the yield curve, the collision of politics and economic data, and bumper earnings from the US tech giants.
    This podcast was recorded on 6 August 2025 and is hosted by Harry Brooks.
    All data is sourced from LSEG as at 5 August 2025 unless otherwise stated.
    For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future.
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    22 mins