<p>2025 saw global markets outside the US outperform and Betashares’ Cameron Gleeson believes that trend is far from over.</p><br><p>We sat down with Cam, Senior Investment Strategist at Betashares, to unpack the macro and market forces that could see Europe, Japan, and emerging markets lead the charge in 2026.</p><br><p><strong>You’ll learn:</strong></p><ul><li>Why the US may lag despite strong earnings growth</li><li>Europe’s policy pivot and Japan’s inflation comeback</li><li>The emerging markets getting Cameron most excited</li><li>Currency hedging strategies and portfolio positioning for 2026</li></ul><p><br></p><p><strong>Chapters:</strong></p><p>00:00:00 The Case For Looking Beyond The US</p><p>00:04:07 Why 2025 Rewarded Ex US Positioning</p><p>00:08:24 When Currency Moves Drive Real Returns</p><p>00:10:48 The Macro Setup Heading Into 2026</p><p>00:16:20 Japan’s Turn From Laggard To Leader</p><p>00:22:01 Where Emerging Markets Still Make Sense</p><br><p><strong>🔍 Links Mentioned:&nbsp;</strong>Win a $500&nbsp;Visa Digital eGift Card&nbsp;by completing the&nbsp;2026&nbsp;Equity Mates Media Community Survey! The Community Survey helps us understand how we can continue to improve our content to help you on your money and investing journey.&nbsp;You can either complete the five compulsory questions, or take 10 minutes to give us a bit more feedback:&nbsp;<a href="https://www.surveymonkey.com/r/WRWDVTV" rel="noopener noreferrer" target="_blank">https://www.surveymonkey.com/r/WRWDVTV</a>&nbsp;</p><br><p><strong>📈 Stocks &amp; ETFs Mentioned:</strong> Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Betashares Japan Currency Hedged ETF (ASX: HJPN), BHP Group (ASX: BHP), Microsoft (NASDAQ: MSFT)</p><br><p>———</p><br><p><strong>CPD Points:</strong>&nbsp;This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). <a href="https://equitymates.com/episode/why-the-us-underperformed-in-2025-and-why-it-will-happen-again-cameron-gleeson/" rel="noopener noreferrer" target="_blank">Complete the quiz here </a>to claim your points.</p><p><strong>0.05 Total Hours</strong></p><p><strong>ASIC Knowledge Requirements:</strong>&nbsp;Securities (0.50 hour)&nbsp;<strong>Legislated CPD Area:</strong>&nbsp;Technical Competence (0.50 hour)</p><br><p>———</p><br><p><strong>Want more Basis Points?</strong></p><p>Sign up to the&nbsp;<a href="https://basispoints.beehiiv.com/subscribe" rel="noopener noreferrer" target="_blank">Basis Points email</a></p><p>Join the conversation&nbsp;<a href="https://www.linkedin.com/showcase/basis-points-by-equity-mates/" rel="noopener noreferrer" target="_blank">on LinkedIn</a></p><p>Watch all episodes in full and relive some of our favourite clips&nbsp;<a href="https://www.youtube.com/@basis.points" rel="noopener noreferrer" target="_blank">on YouTube</a></p><br><p>———</p><br><p>Basis Points is a product of Equity Mates Media.</p><br><p>This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.</p><br><p>Equity Mates Media operates under Australian Financial Services Licence 540697.</p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>