In an AFR summer series, investment experts give us their thoughts on what's ahead for investors and tell us how they relax when they're not caught up in market events. Elissa Crowther-Pal is head of wealth services at BT Private Wealth.

What investment themes do you see for 2020, both offshore and in Australia?
One of the key themes includes the ongoing challenge of a zero real yield global environment. Australia has historically held a 30-year high-yielding status relative to other developed economies, but we are now facing a low-yield world that is challenging for investors. The theme of “lower for longer” will apply to growth and yield and will continue. We’ve sharpened our focus on the identification and selection of risk-considered, yield-based investment opportunities.