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Beyond the Benchmark by EFG

Moz Afzal
Federal Reserve
Artificial Intelligence
United States Economy
Tariffs
Inflation
EFG International
Donald Trump
United States
Great Wealth Transfer
Golf
Monetary Policy
Memory Cycle
US Economy
Central Banks
Brazil
Jerome Powell
Leadership
EFG Wealth Planning
S&P 500
European Central Bank

More than just your typical market analysis podcast, EFGAM'S CIO Moz Afzal goes Beyond the benchmark, delving into current topics and global trends with guests and experts from within EFG and further afield. The podcast is released fortnightly.

PublishesTwice monthlyEpisodes147Founded6 years ago
Number of ListenersCategories
InvestingBusinessEntrepreneurship

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Artwork for Beyond the Benchmark by EFG

Latest Episodes

In this special Mid-Year edition Moz Afzal is joined by Deputy CIO Daniel Murray to revisit EFG’s 2026 Outlook, assessing what has played out so far – and what investors should be watching next. Together, they discuss why the US continues to lead glo... more

In this Future Leaders edition of the Beyond the Benchmark podcast (recorded as of early June 2026), Moz Afzal speaks with Nicholas Hopton, former UK ambassador to Iran, Qatar, Libya and Yemen and Chair of the Advisory Board at the Centre of Geopolit... more

Alexandra Vidyuk, CEO and Founding Partner of Beyond Earth Ventures, sits down with Moz to explore how the SpaceX IPO marks a turning point in the commercialisation of space. Plummeting launch costs open the door to transformational new industries su... more

What does the “market balance sheet” for US equities look like? Jason Trennert, Chairman and Chief Executive Officer of Strategas Research Partners, weighs up the key assets and liabilities for investors today, from powerful earnings growth and AI-dr... more

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Recent Guests

Jason Trennert
Founder and managing partner and chief investment strategist of Strategas Research Partners
Strategas Research Partners
Episode: EP 142: Populism, higher rates and AI: How the market cycle is shaping up
Jordi Visser
Macro investor and strategist
Episode: EP 141: The AI-Macro Nexus
Andrew Kelleher
Formerly from JMI Wealth, now Shaw and Partners, part of the EFG group
Shaw and Partners in New Zealand, EFG
Episode: EP 140: Moz down under part 2: Opportunities in New Zealand
Martin Crabb
CIO for Shaw and Partners in Australia
Shaw and Partners
Episode: EP 139: Moz down under part 1: Australia deep dive
Chris Chan
Lead portfolio manager for Asian equity funds, Hong Kong office
EFG
Episode: EP 137: The memory supercycle and what it means for Asia Pacific equities
Tiago Berriel
Chief strategist at BTG Pactual
BTG Pactual
Episode: EP 136: Brazil on the rise: what to know in 2026
Dominic Jacobson
Senior Equity Analyst, US Growth Equity Franchise
EFG US
Episode: EP 135: The AI bubble and new frontiers in tech
Giorgio Pradelli
Global CEO of EFG International
EFG International
Episode: EP 134: Staying the Course: Strategy, Discipline and Compounding Growth with Giorgio Pradelli
Dan Clifton
Episode: EP 132: Shock and awe: US politics and policy in 2026 with Dan Clifton

Host

Moz Afzal
Host of Beyond the Benchmark and CIO commentary voice for EFG; leads market and macro discussions with guests from within EFG and partner institutions.

Chart Rankings

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Talking Points

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EP 122: Signs of promise for 2026, but potentially a bumpy ride
Q: How impactful could the tax and CAPEX provisions be beyond the near term?
The provisions could add roughly half a percent to GDP in the medium term (toward 2026) and provide ongoing, though gradual, support for capital spending as tax incentives couple with private-sector investment cycles.
EP 122: Signs of promise for 2026, but potentially a bumpy ride
Q: What is the current state of the US economy given the volatility in GDP reports and policy expectations?
The economy is muddling through with narrow growth, supported by strong private sector tech and capital spending, while weaker sectors like housing and some manufacturing lag, and policy uncertainty—especially around tariffs and Fed actions—creating a mixed growth path.
EP 119: The new era of rolling mini cycles in the market
Q: How do the corporate tax provisions affect optics for capex and R&D, and which sectors could benefit the most?
100% expensing for US-based capex and full expensing of US-based R&D boost cash flow and reshoring activity, particularly benefiting manufacturing, industrials, and pharma with heavy domestic R&D—though these are temporary items and may not alter GAAP earnings.
EP 119: The new era of rolling mini cycles in the market
Q: What are the catalysts you're looking for to move from a late-cycle deceleration phase to an earlier cycle?
Tariff certainty, the passage of the tax reconciliation bill, and improved financial conditions (driven by potential Fed rate cuts or looser financial conditions) are the main catalysts that could shift the cycle earlier, with a stronger push anticipated next year.
EP 124: Entering uncharted demographic territory with James Pomeroy
Q: What policy tools look most effective to mitigate these demographic pressures?
Key tools include raising the retirement age, adjusting pension generosity through means-testing, encouraging higher female labor force participation where feasible, and using immigration thoughtfully with strong integration policies.

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Frequently Asked Questions About Beyond the Benchmark by EFG

What is Beyond the Benchmark by EFG about and what kind of topics does it cover?

A market-focused show hosted by a seasoned CIO exploring macro themes, AI-driven disruption, and global policy's impact on investing. Episodes regularly thread together AI adoption and productivity, de-globalization, central-bank policy, energy dynamics, and geopolitical risks, with experts from financial institutions and regional markets offering practitioner-level insights. Notable angles include the AI infrastructure cycle, memory and hardware discussions, the interplay between policy and markets, and regional deep dives into places like Australia, New Zealand, and Brazil, all through the lens of portfolio implications and risk management. The format tends to mix long-form interviews, data-driven analysis, and takeaway-oriented commentar... more

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1. FT News Briefing
2. Unhedged
3. In Good Company with Nicolai Tangen
4. Prof G Markets
5. The Rest Is Politics: US

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Beyond the Benchmark by EFG launched 6 years ago and published 147 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Beyond the Benchmark by EFG?

Recent guests on Beyond the Benchmark by EFG include:

1. Jason Trennert
2. Jordi Visser
3. Andrew Kelleher
4. Martin Crabb
5. Chris Chan
6. Tiago Berriel
7. Dominic Jacobson
8. Giorgio Pradelli

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