Perspectives

Improvers Benefit from a Broadening Market

Q4 2025 Global Value Improvers Strategy Commentary
A broadening global rally and improving fundamentals across key holdings supported strong fourth-quarter performance for Global Value Improvers.

U.S. Equity Outlook: Resilience to Keep Bull Market Intact

Capital spending and a resilient U.S. consumer are expected to sustain double-digit corporate profit growth in 2026, leading to positive yet more modest equity returns.

Infrastructure Outlook: AI, Decarbonisation and Policy Tailwinds in 2026

Structural tailwinds like decarbonisation, network upgrades and climate-proofing, along with AI’s need for power, are fuelling long-term capital expenditure cycles for infrastructure.

AOR Update: Is AI a Clear and Present Danger?

U.K. Autumn Budget Is Infrastructure Friendly

The November U.K. Budget offers continued support in terms of pipeline visibility and policy direction, in particular for infrastructure helping the energy transition.

Preparing Your Income Portfolio for Shifting Conditions

A customised, actively managed approach to Australian equities—focussed on sustainable dividends, quality, diversification, and franking—can significantly improve income preparedness and reduce the risk of capital or income impairment when conditions change.

Emerging Markets Equity Outlook: Tides are Turning

Structural market drivers remain, with technology surging on strong earnings, China recovering and India offering long term opportunities.

The Emperor's New Clothes

Australia now presents a uniquely attractive value opportunity versus global markets, with passive flows amplifying mispricing and leaving high-quality, cash-generative companies overlooked at a time when liquidity is tightening and discipline matters most.

Under the Radar: Why Now is the Time for Emerging Markets

Structural growth factors such as advancements in technology, compelling relative valuations as well as a stable U.S. dollar enhance the attractiveness of emerging markets.

U.S. Economic Outlook: Consumer Still Standing, Corporations Healthy

A favorable U.S. policy backdrop should support consumers and businesses, counteracting inflationary and trade risks to keep the current expansion intact.

Webinar: Power Shift | Investing in the Grid of the Future

As global electricity demand continues to surge, the need for substantial investment in power infrastructure is growing. This session explores how these shifts are shaping opportunities for global listed infrastructure, particularly within the utilities sector.

AOR Update: Data Dearth and the Dashboard