Investing in an era of AI, techflation and higher bond yields

Wealth Management · 11 Sept 2026

0 min read

In this podcast episode, Kelvin Tay shares insights from Pictet Wealth Management’s Horizon 2026 publication, which presents our view of the investment landscape over the next decade.

Genevieve Cua, Wealth Editor at The Business Times, speaks with Kelvin Tay, Chief Investment Officer for Asia, at Pictet Wealth Management, about the investment landscape over the coming decade, a period likely to be defined by the race for technological leadership and the pursuit of "resource sovereignty".

Listen to the podcast to learn more about:

Why emerging markets are well positioned for the next decade
Stronger balance sheets, lower debt levels and current account surpluses mean currencies such as the Korean won, Taiwanese dollar and Renminbi are well positioned to appreciate.
Why fiscal dominance is the most consequential theme in this ten-year outlook
With the US government paying roughly USD 1.2trn a year simply to service its USD 40trn debt, the pressure to push bond yields lower is already influencing gold, the Swiss franc and even Bitcoin.
Why the productivity gains from artificial intelligence remain several years away
Inflationary pressure from semiconductor shortages is likely to persist until around 2029 or 2030, even as the longer-term productivity gains from artificial intelligence remain substantial.
The bright spots in Asia
From the Singapore dollar to Taiwanese and Korean semiconductor exposure, and a cautious stance on China pending further policy stimulus.

About WealthBT Podcast

Learn to protect and grow your wealth in this podcast series for affluent individuals, hosted by The Business Times wealth editor Genevieve Cua and Pictet experts in selected episodes.

Listen to more episodes with Pictet experts

Get in touch with us

We help private individuals and families protect, grow and manage their wealth.

Victor Aerni

Equity Partner and Chief Executive Officer, Pictet Wealth Management Asia

Alternatively, you can contact us by filling in the form below.

*Required fields

Name*

0 characters

The text input field is not allowed to be empty

Phone

0 characters

Email address*

0 characters

The text input field is not allowed to be empty

The value in the text input field is not a syntactically correct e-mail address

Country of residence*

The dropdown is not allowed to have no option selected

Message*

0 characters

The text input field is not allowed to be empty

Data privacy*

By submitting your personal data, you understand and agree that we will use it only for the purpose of replying to your request. For more information, please read our Privacy Notice.

Solving the captcha is required before sending the form