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Episode #18 | November 2025: AI, Stablecoins & Small Companies
In this episode of The Active Investor with SGH, Steve Hiscock and Rob Hogg break reviews market activity, noting that volatility was driven mainly by shifting expectations around US interest-rate cuts, while concerns about an AI-driven tech bubble persist but appear premature. They also discuss Klarna’s upcoming USD-backed stablecoin and the growing role of stablecoins in payments.
In Australia, inflation has broadened, reducing the likelihood of rate cuts and weighing on equity markets.
In this episode, Steve Hiscock is joined by Rory Hunter, Co - Portfolio Manager of the SGH Australian Small Companies Fund, explains that small-cap stocks—especially in resources such as gold and critical minerals—have driven strong fund performance. He sees potential for a multi-year resources cycle supported by AI-related demand and energy transition trends and warns that rising rates could pressure small industrials.
Recorded on 28 November 2025
https://sghiscock.com.au/
Follow us on LinkedIn: https://www.linkedin.com/company/sg-hiscock-company/
The podcast does not constitute financial advice and assumes a certain level of knowledge. It is general information only and does not take into account the investment objectives, financial situation or needs of any person and should not be considered a recommendation. The views in this podcast are those of the contributors at the time of recording. Neither SGH nor any of its related parties provide any warranty of accuracy. Returns are not guaranteed. More information available here: https://sghiscock.com.au/podcast-disclosures-and-disclaimers/
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By SG Hiscock and CompanyIn this episode of The Active Investor with SGH, Steve Hiscock and Rob Hogg break reviews market activity, noting that volatility was driven mainly by shifting expectations around US interest-rate cuts, while concerns about an AI-driven tech bubble persist but appear premature. They also discuss Klarna’s upcoming USD-backed stablecoin and the growing role of stablecoins in payments.
In Australia, inflation has broadened, reducing the likelihood of rate cuts and weighing on equity markets.
In this episode, Steve Hiscock is joined by Rory Hunter, Co - Portfolio Manager of the SGH Australian Small Companies Fund, explains that small-cap stocks—especially in resources such as gold and critical minerals—have driven strong fund performance. He sees potential for a multi-year resources cycle supported by AI-related demand and energy transition trends and warns that rising rates could pressure small industrials.
Recorded on 28 November 2025
https://sghiscock.com.au/
Follow us on LinkedIn: https://www.linkedin.com/company/sg-hiscock-company/
The podcast does not constitute financial advice and assumes a certain level of knowledge. It is general information only and does not take into account the investment objectives, financial situation or needs of any person and should not be considered a recommendation. The views in this podcast are those of the contributors at the time of recording. Neither SGH nor any of its related parties provide any warranty of accuracy. Returns are not guaranteed. More information available here: https://sghiscock.com.au/podcast-disclosures-and-disclaimers/