Our investment and economic outlook | Australians leaving thousands in super on the table | Earnings momentum builds beyond large-cap tech

Market outlook, boost your super and small-caps drive earnings

Having trouble viewing this email? View Online Hi Aris, Welcome to this week's edition of Smart Investing. This week see our latest forecasts for investment returns and a region-by-region economic outlook. We explore simple ways Australians can boost their retirement savings and finally Vanguard Senior Global Economist, Kevin Khang looks at how global earnings growth is broadening beyond large-cap tech, with momentum coming from AI investment and emerging markets LATEST INSIGHTS Our investment and economic outlook, May 2026 Our latest forecasts for investment returns and region-by-region economic outlook. Read article Millions of Australians leaving thousands in super on the table Vanguard research shows Australians missing simple ways to boost retirement savings. Read article Earnings momentum builds beyond large-cap tech Global earnings growth is broadening beyond tech, driven by AI and emerging markets. Read article In case you missed it Why more young Australians are turning to ETFs New research from Vanguard Australia shows that nearly half of Gen Z and Millennials (45%) are already investing. Learn more The case of Unlucky Steve, who bought before every crash Even worst-timed investors over 25 years still more than tripled their money. Learn more Vanguard Australia becomes first issuer to reach $100 billion in ETF assets ETF growth in Australia surges as investors demand low-cost, diversified investments. 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

Young Australians turning to ETFs | Unlucky investors still winning | Vanguard Australia reaches $100 billion

ETF uptake rises, even unlucky investors can win, Vanguard tops $100b

Having trouble viewing this email? View Online Hi Aris, Welcome to this week's edition of Smart Investing. This week we explore new research from Vanguard showing 45% of young Australians are investing, with ETFs gaining traction among Gen Z and Millennials. We also unpack the case of ‘Unlucky Steve’ to show how even the worst timed investors can still come out ahead. Finally, Vanguard becomes the first Australian ETF issuer to reach $100 billion in assets under management (AUM), underscoring strong demand for low cost, diversified investing. LATEST INSIGHTS Why more young Australians are turning to ETFs New research from Vanguard Australia shows that nearly half of Gen Z and Millennials (45%) are already investing.   Read article The case of Unlucky Steve, who bought before every crash Even worst-timed investors over 25 years still more than tripled their money. Read article Vanguard Australia becomes first issuer to reach $100 billion in ETF assets ETF growth in Australia surges as investors demand low-cost, diversified investments. Read article In case you missed it What’s your risk profile? Understand your attitude to risk and how it affects your investment choices. Learn more AI and social media the financial adviser of choice for Gen Z Gen Z use social media and AI for advice, but ASIC warns to check sources. Learn more Six strategic investment moves for mid-career women How women in their mid-career years can make the most of investing. 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

Know your risk profile | Gen Z and AI advice | Smart moves for women

Find your risk style, navigate AI advice and build smarter habits

Having trouble viewing this email? View Online Hi Aris, Welcome to this week's edition of Smart Investing. This week we explore how your attitude to risk can shape the way your money is invested and how The Vanguard Investor Style quiz can help you reflect on your investment goals, timeframe and comfort with risk. Recent research suggests that Gen Z investors are turning to social media and AI for financial guidance, but why experts say it pays to be cautious.  And finally we share six strategic investment moves that will help women in their mid-careers, make most of this window to build long-term financial security. LATEST INSIGHTS What’s your risk profile? Understand your attitude to risk and how it affects your investment choices. Read article AI and social media the financial adviser of choice for Gen Z Gen Z use social media and AI for advice, but ASIC warns to check sources. Read article Six strategic investment moves for mid-career women How women in their mid-career years can make the most of investing. Read article In case you missed it Your 30 June superannuation checklist Five easy ways to get more into your super fund before the end of the financial year. Learn more Putting the 2026 drawdown in context A recent market dip was mild by history, offering perspective on risk and resilience. Learn more From pocket money to share portfolios – teaching kids about investing Simple, age‑appropriate money lessons can help kids build confidence early. 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