Investors are too focused on interest rates and are subsequently underweight risk assets. That’s the, albeit US-centric, view from Global X ETFs’ Head of Investment Strategy, Scott Helfstein.

He elaborates by saying that the US economy is looking a lot more like mid-cycle expansion than late cycle and that “you don’t want to be sitting on the sidelines”.

A fan of thematic investing, Helfstein goes on to highlight three big investment themes that he likes right now, including one offering the opportunity for true transformation, that’s available for the same price as the S&P 500.

Don’t miss the latest Rules of Investing Podcast.

Time codes
0:00 - Intro
1:12 - A unique background for an investment professional
7:17 - The current state of geopolitics
12:00 - Australia's position in the global landscape
14:10 - The appeal of thematic investing
16:42 - Where is the puck going?
22:53 - Sectors versus themes
26:48 - The role of thematic investing in a portfolio
28:46 - Nothing but ETFs?
30:27 - Ranking the big themes
34:22 - A theme that is flying under the radar
36:40 - Risks in thematic investing
38:32 - Mama's favourite son
39:49 - What are investors getting wrong?
41:07 - One theme for the next five years