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Beyond the Benchmark by EFG

Moz Afzal
Artificial Intelligence
Federal Reserve
United States Economy
United States
Tariffs
Great Wealth Transfer
Memory Cycle
US Economy
EFG International
Central Banks
Brazil
EFG Wealth Planning
Global Mobility
Family Governance
Donald Trump
Inflation
Monetary Policy
New Zealand
Populism
Industrial Renaissance

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 monthlyEpisodes145Founded6 years ago
Number of ListenersCategories
InvestingBusinessEntrepreneurship

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Artwork for Beyond the Benchmark by EFG

Latest Episodes

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

Kicking off EFG’s Future Leaders series, Moz Afzal sits down with Jordi Visser, Head of AI Macro Nexus at Visser Labs. Together, they explore how AI is reshaping global markets, the challenges and opportunities for investors, and the rapid pace of te... more

Continuing his trip down under, Moz Afzal crossed over to Auckland to sit down with Andrew Kelleher, Director at Shaw and Partners New Zealand. Together they discuss the structure and outlook for the New Zealand economy, the behaviour of the Kiwi dol... 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
Stefan Gerlach
Chief Economist, former Deputy Central Bank Governor of the Bank of Ireland, former BIS senior staff
EFG
Episode: EP 138: Inflation fears, rate expectations and chair changes: Takeaways from the Fed meeting
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

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.

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Talking Points

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EP 137: The memory supercycle and what it means for Asia Pacific equities
Q: What should investors watch in China regarding the tech sector and policy?
Investors should monitor policy cues around the next five-year plan, housing-related incentives, and domestic tech investment, as well as the pace of AI and enterprise software adoption. China's tech leaders are competing aggressively in AI, with ongoing regulatory inquiries and selective support in semiconductors, which could shape earnings revisions and market sentiment.
EP 137: The memory supercycle and what it means for Asia Pacific equities
Q: What are the implications for smartphone prices and consumer electronics given the memory shortage?
As memory costs rise, handset manufacturers may either pass higher input costs to consumers, erode margins, or reduce volumes to protect profitability. The scale of impact depends on how quickly suppliers can secure memory and how effectively manufacturers manage pricing versus demand.
EP 137: The memory supercycle and what it means for Asia Pacific equities
Q: Can you explain the memory cycle and why it matters now for Asia Pacific equities?
The memory cycle is being driven by high bandwidth memory for AI servers and GPUs. This creates a shortage in traditional DRAM as more capacity is allocated to HBM, pushing up prices and impacting margins across hardware and device manufacturers. The squeeze benefits suppliers of memory equipment and components and underscores the importance of AI demand in pricing and capex plans.
EP 142: Populism, higher rates and AI: How the market cycle is shaping up
Q: What is your take on SpaceX and other mega-cap AI/space plays in the near term?
SpaceX is viewed as a transformative, highly anticipated IPO with a small float that could create secular upside, while broader AI/space activity supports optimism about future tech-leading earnings and sector diversification.
EP 142: Populism, higher rates and AI: How the market cycle is shaping up
Q: How might regulation influence AI adoption and market dynamics going forward?
Regulation is seen as a double-edged sword: it could slow deployment or shift innovation dynamics, potentially impacting relative rankings of U.S. versus global AI leaders and the pace of capital allocation.

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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. In Good Company with Nicolai Tangen
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3. FT News Briefing
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5. The Rest Is Politics: US

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Beyond the Benchmark by EFG launched 6 years ago and published 145 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. Stefan Gerlach
6. Chris Chan
7. Tiago Berriel
8. Dominic Jacobson

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