Boston Global Wealth

BGW Fortnightly Insight · Issue No. 10 · 15/10/2026 The world’s largest family offices are moving capital out of real estate. A record 60 per cent plan to change how they allocate their wealth this year, and property is the asset class they intend to cut hardest (UBS). What makes this significant is the timing: Australia, where more household wealth sits in housing than almost anywhere in the developed world, is now undergoing the same rotation. It is being driven by the biggest property tax...

BGW Insight · Issue No. 9 · 2/10/2026 On the 18th of September, the Bank of Japan raised its policy rate to 1.25 per cent, the highest level in three decades. On its own, a quarter-point move in Tokyo would barely register. What makes it significant is what Japan has been to the global financial system for thirty years: its largest and most dependable source of cheap capital. As that role changes, the effects travel well beyond Japan's borders, into Treasury markets, equity markets and,...

This fortnight, we turn to the bond market, where the global cost of capital has reset to levels last seen in 2008, and where the mechanism driving it says more about the next decade of returns than any single central bank decision. BGW's FOCUS POINT The Bloomberg gauge of global sovereign yields rose to 3.72 per cent this week, its highest reading since the middle of 2008. The move is global, which is the first thing worth noting. Japan's ten-year touched 3 per cent for the first time since...