October 22, 2025
Demographics, decoupling and dependency on state funds: PWM Tea Break
Gary Paulin, chief investment strategist, international for Northern Trust Asset Management, takes PWM on a journey through key markets he is analysing, including European bourses, China, Japan and Middle Eastern emerging economies
Over a cup of his favourite flat white coffee, Mr Paulin shares his thoughts with PWM’s Yuri Bender and Ali Al-Enazi on demographics, private equity investments and the market opportunities he feels are not being picked up by many western analysts. Remembering his rugby playing days, he compares the pain of the tackle to the misery of losing money, with the latter resulting in a lingering long-term torment.
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Further reading:
Don’t underestimate China’s staying power
French turmoil can reshape private portfolios
Fragile flows mask ‘borscht-belt’ opportunities
