AI, bonds and the outlook for markets

Plus, planning for early retirement and how AI could reshape the world of work.

Having trouble viewing this email? View Online Hi Aris, Welcome to this week's edition of Smart Investing. AI investment, rising demand for capital and higher bond yields are reshaping global markets. Our video explores what these trends could mean for bond and equity markets and the long-term outlook for investors. Plus, we look at why women may need to plan for a longer retirement and the possibility of leaving work earlier than expected, while Global Chief Economist Joe Davis explores how AI could transform the world of work and what that could mean for investors. LATEST INSIGHTS Q3 Market Outlook: AI investment, bond yields and equity valuations AI investment, rising demand for capital and higher bond yields. Read article The missing chapter in women’s retirement story Vanguard's latest retirement research suggests there may be another chapter we're missing. Read article Video: AI, the future of work and what it means for investors How AI could reshape 80% of jobs and unlock greater worker productivity. Read article In case you missed it RBA raises rates amid higher oil prices and data centre investment The RBA is determined to move policy further into restrictive territory. Learn more Does market concentration really mean a less favourable risk-return environment? Why higher market concentration doesn’t necessarily mean greater risk. Learn more Managing your money after losing a loved one A simple 30-60-90-day plan for surviving spouses. Learn more Connect with Us Manage your preferences or unsubscribe. When you unsubscribe via the link, you will be unsubscribing to all Vanguard Australia marketing emails. Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. Important information Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) is the product issuer. We have not taken yours or your clients‘ circumstances into account when preparing this email so it may not be applicable to the particular situation you are considering. You should consider yours and your clients‘ circumstances, and our Product Disclosure Statement (PDS) before making any investment decision or recommendation. Distributors of our products must consider our Target Market Determinations ("TMDs") which describe the investors for whom the product would likely be appropriate and consistent with their objectives, financial situation and needs. You can access our PDSs and TMDs at www.vanguard.com.au or by calling 1300 655 101. Past performance is not an indication of future performance. Our electronic publications are prepared in good faith and we accept no liability for any errors or omissions. Not all articles are prepared by Vanguard so they may not represent our views and opinions. Vanguard Investments Australia Limited is in no way responsible for the content or loss resulting from use of any website owned by a third party that may be linked to this email via a hyperlink. © 2026 Vanguard Investments Australia Ltd. All rights reserved. Use of cookies If you click through to the vanguard.com.au website from this email, a cookie may be placed on your computer to enable Vanguard or our third party service providers to collect information about your use of the vanguard.com.au website to support website performance, enhance site navigation, improve our web design and functionality and tailor our communications to you regarding our products and services. The information collected by Vanguard or our service providers does not include personal information that could be used to identify you such as your name, address, telephone number, email address, or account information. Unless you have adjusted your browser settings so that it will refuse cookies, our system may set cookies when you visit the site. You may choose to remove or disable cookies via your browser. Google Analytics uses data when you access the Vanguard website. For more information, see "HOW GOOGLE USES INFORMATION FROM SITES OR APPS THAT USE OUR SERVICES," located at https://policies.google.com/technologies/partner-sites. You can opt out of being tracked by Google Analytics at the following location: https://tools.google.com/dlpage/gaoptout. To learn more about how Vanguard uses cookies, please visit the Vanguard Cookie Policy. By using our website, you consent to the use of cookies as described above. Please do not reply to this email as it is not monitored. To contact us, please call us on 1300 655 101 between Monday and Friday, 8:00am to 6:00pm (AET). Terms and conditions of use | Disclaimers| Privacy policy | Cookie policy

RBA raises rates as inflation pressures persist

Plus, what market concentration means for investors and a 90-day financial guide for surviving spouses.

Having trouble viewing this email? View Online Hi Aris, Welcome to this week's edition of Smart Investing. With inflation proving stubborn and oil prices adding new pressure, the RBA has lifted interest rates again. We look at what’s driving the decision and what could come next.  Plus, does greater market concentration mean greater risk? Vanguard research explores what it could mean for future returns and volatility. And we share a practical 90-day guide to help surviving spouses navigate the financial decisions that follow the loss of a partner. LATEST INSIGHTS RBA raises rates amid higher oil prices and data centre investment The RBA is determined to move policy further into restrictive territory. Read article Does market concentration really mean a less favourable risk-return environment? Why higher market concentration doesn’t necessarily mean greater risk. Read article Managing your money after losing a loved one A simple 30-60-90-day plan for surviving spouses. Read article In case you missed it Our investment and economic outlook, October 2026 Our latest forecasts for investment returns and region-by-region economic outlook. Learn more You’ve spent decades building your super. Now what? Explore your retirement income options and how to make your savings last. Learn more Women face unexpected retirement curveballs, Vanguard research finds Why women are more likely to retire earlier than planned, and how to prepare. Learn more Connect with Us Manage your preferences or unsubscribe. When you unsubscribe via the link, you will be unsubscribing to all Vanguard Australia marketing emails. Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. Important information Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) is the product issuer. We have not taken yours or your clients‘ circumstances into account when preparing this email so it may not be applicable to the particular situation you are considering. You should consider yours and your clients‘ circumstances, and our Product Disclosure Statement (PDS) before making any investment decision or recommendation. Distributors of our products must consider our Target Market Determinations ("TMDs") which describe the investors for whom the product would likely be appropriate and consistent with their objectives, financial situation and needs. You can access our PDSs and TMDs at www.vanguard.com.au or by calling 1300 655 101. Past performance is not an indication of future performance. Our electronic publications are prepared in good faith and we accept no liability for any errors or omissions. Not all articles are prepared by Vanguard so they may not represent our views and opinions. Vanguard Investments Australia Limited is in no way responsible for the content or loss resulting from use of any website owned by a third party that may be linked to this email via a hyperlink. © 2026 Vanguard Investments Australia Ltd. All rights reserved. Use of cookies If you click through to the vanguard.com.au website from this email, a cookie may be placed on your computer to enable Vanguard or our third party service providers to collect information about your use of the vanguard.com.au website to support website performance, enhance site navigation, improve our web design and functionality and tailor our communications to you regarding our products and services. The information collected by Vanguard or our service providers does not include personal information that could be used to identify you such as your name, address, telephone number, email address, or account information. Unless you have adjusted your browser settings so that it will refuse cookies, our system may set cookies when you visit the site. You may choose to remove or disable cookies via your browser. Google Analytics uses data when you access the Vanguard website. For more information, see "HOW GOOGLE USES INFORMATION FROM SITES OR APPS THAT USE OUR SERVICES," located at https://policies.google.com/technologies/partner-sites. You can opt out of being tracked by Google Analytics at the following location: https://tools.google.com/dlpage/gaoptout. To learn more about how Vanguard uses cookies, please visit the Vanguard Cookie Policy. By using our website, you consent to the use of cookies as described above. Please do not reply to this email as it is not monitored. To contact us, please call us on 1300 655 101 between Monday and Friday, 8:00am to 6:00pm (AET). Terms and conditions of use | Disclaimers| Privacy policy | Cookie policy

What’s ahead for global markets?

Explore the global outlook, turning super into retirement income and why women may retire earlier than planned.

Having trouble viewing this email? View Online Hi Aris, Welcome to this week's edition of Smart Investing. Our global experts share their outlook for economies and markets around the world and what investors should be watching in the months ahead.  Closer to home, we explore what comes after saving for retirement, including options for turning your super into an income and planning for your savings to last. Plus, new Vanguard research looks at why Australian women are more likely to retire earlier than expected and what that can mean for retirement planning. LATEST INSIGHTS Our investment and economic outlook, October 2026 Our latest forecasts for investment returns and region-by-region economic outlook. Read article You’ve spent decades building your super. Now what? Explore your retirement income options and how to make your savings last. Read article Women face unexpected retirement curveballs, Vanguard research finds Why women are more likely to retire earlier than planned, and how to prepare. Read article In case you missed it The US still leads. But opportunity doesn’t end at its borders. Why opportunities beyond the US can matter for a diversified portfolio. Learn more Australian investment in ETFs surges as quarterly flows jump nearly 50% Australian ETF flows jumped nearly 50% in Q3, led by global equities. Learn more Four myths about women investors Four common myths about women investors, busted. Learn more Connect with Us Manage your preferences or unsubscribe. When you unsubscribe via the link, you will be unsubscribing to all Vanguard Australia marketing emails. Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging. Important information Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) is the product issuer. We have not taken yours or your clients‘ circumstances into account when preparing this email so it may not be applicable to the particular situation you are considering. You should consider yours and your clients‘ circumstances, and our Product Disclosure Statement (PDS) before making any investment decision or recommendation. Distributors of our products must consider our Target Market Determinations ("TMDs") which describe the investors for whom the product would likely be appropriate and consistent with their objectives, financial situation and needs. You can access our PDSs and TMDs at www.vanguard.com.au or by calling 1300 655 101. Past performance is not an indication of future performance. Our electronic publications are prepared in good faith and we accept no liability for any errors or omissions. Not all articles are prepared by Vanguard so they may not represent our views and opinions. Vanguard Investments Australia Limited is in no way responsible for the content or loss resulting from use of any website owned by a third party that may be linked to this email via a hyperlink. © 2026 Vanguard Investments Australia Ltd. All rights reserved. Use of cookies If you click through to the vanguard.com.au website from this email, a cookie may be placed on your computer to enable Vanguard or our third party service providers to collect information about your use of the vanguard.com.au website to support website performance, enhance site navigation, improve our web design and functionality and tailor our communications to you regarding our products and services. The information collected by Vanguard or our service providers does not include personal information that could be used to identify you such as your name, address, telephone number, email address, or account information. Unless you have adjusted your browser settings so that it will refuse cookies, our system may set cookies when you visit the site. You may choose to remove or disable cookies via your browser. Google Analytics uses data when you access the Vanguard website. For more information, see "HOW GOOGLE USES INFORMATION FROM SITES OR APPS THAT USE OUR SERVICES," located at https://policies.google.com/technologies/partner-sites. You can opt out of being tracked by Google Analytics at the following location: https://tools.google.com/dlpage/gaoptout. To learn more about how Vanguard uses cookies, please visit the Vanguard Cookie Policy. By using our website, you consent to the use of cookies as described above. Please do not reply to this email as it is not monitored. To contact us, please call us on 1300 655 101 between Monday and Friday, 8:00am to 6:00pm (AET). Terms and conditions of use | Disclaimers| Privacy policy | Cookie policy