It was a strong year for global markets, with equities delivering double-digit returns and parts of the property sector staging a notable recovery. But beneath the headline numbers, significant shifts are underway – and they’re creating both risks and opportunities for the year ahead.

Technology and AI remain at the centre of investor attention, yet sentiment has swung between excitement and caution as valuations stretch and funding structures become more complex. Central banks, once moving largely in step, are now charting different courses: the US and UK have begun easing policy, while Australia’s stubborn inflation has pushed bond yields sharply higher and left the RBA’s next move uncertain.

For investors, these crosscurrents raise important questions about where to find value and how to balance growth and income in a changing environment. In our Q4 commentary, we share our perspective on these dynamics and outline where we’ve been adding – and reducing – exposure as we head into 2026.

Please contact our team for further information of PPMs service offering at ppm@ppmfunds.com or 02 8256 3777.

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