Quarterly Podcast: Balancing resilience and opportunity in changing markets

In this quarter’s podcast, we look back on an eventful first half of 2026, shaped by geopolitical tension, energy concerns and a narrow, AI-led equity rally. We discuss how portfolios performed across Return and Diversifying Assets, why economic resilience has helped offset earlier stagflation fears, and how we are responding with disciplined portfolio adjustments while seeking attractive long-term opportunities where market sentiment has moved ahead of fundamentals.