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Edition: White Papers 2026

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Digital gold: Unlocking a $700-billion opportunity

The appeal of gold has endured for thousands of years because what it represents has not changed: a scarce, physical, trusted and strategic asset, and a reliable store of value. However, as the financial world becomes increasingly digitalised, the gold market must adapt.

Concentration in stock portfolios versus returns: Separating myth from reality

While some equity markets, such as the U.S., have indeed become more concentrated in the last 20 years, others have moved in the opposite direction, while Australia has seen its level of concentration remain relatively stable.

The AI boom and gold

The growth of AI in recent years has had a considerable and widely reported impact on the electronics sector as a whole, and we regularly receive queries from analysts and institutional investors about how this might affect gold.

On the Cutting Hedge: Generating alpha while managing risk in the current regime

As volatility, correlations, market concentration and geopolitical risk have all risen, asset allocators are increasingly turning to hedge funds for strategic diversification.

ETF Market Scoop: August 2026

The Australian ETF market grew 3.1% in August to $382.5 billion across 506 products. 11 new ETFs were launched in August, spanning a broad range of strategies including multi-asset, fixed income, and both global and Australian equity exposures.

Emerging market concentration Déjà Vu

Emerging markets have been here before - but today's concentration is being driven by a different set of dynamics. A small group of companies has risen rapidly to the top of the market, bringing renewed attention to what is driving these market dynamics.

How Australia Retires 2026

This report explores how prepared Australians are for retirement, how confident they feel, and the key factors shaping outcomes. It also looks into Australians’ lifestyle expectations in retirement: how they prioritise spending and the trade-offs they are willing or unwilling to make.

Passive in name only: The active bet within your equity index

Broad-market benchmarks have gone all in on the AI theme. Do equity investors really want to make that bet? This paper highlights the percolating risk within passive public equity portfolios and offer some considerations for managing it.

Gold: The most effective commodity investment − 2026 edition

Gold is not a typical commodity. Its unique supply-and-demand dynamics, limited exposure to roll costs, diversification benefits and resilience across market environments set it apart from the broader commodity complex.

Risk Speedometers: What are allocators buying and selling?

During H1 2026, it seems fund allocators stayed disciplined and continued to rebalance portfolios rather than chase performance as they had previously. However, equity returns continued to outpace fixed income, meaning additional rebalancing may still be needed.

Gold Demand Trends: Q2 2026

The gold price average in Q2 was 8% lower than the Q1 record, but 37% higher than the average from Q2 2025. Total gold supply held steady with an increase in mine production offset by a decline in recycling as lower prices discouraged selling of old gold jewellery.

India’s investment boom

Rising household savings, digitalisation and financial literacy are driving rapid expansion of mutual funds in India, unlocking value across the emerging market investment ecosystem.

Most viewed in recent weeks

It’s time for LICs to die

A high-profile dividend cut and a prominent fund manager’s apology have reignited a long-running debate. If investors can access similar exposures more cheaply and efficiently elsewhere, what exactly is keeping LICs alive?

Testamentary trusts survived the trust tax. The drafting battle has just begun.

The fight over testamentary trusts looked settled. Then the draft legislation arrived. Hidden in a technical detail is a question that could force many families to rethink wills they thought were already future-proof.

The new capital gains tax trap for your portfolio

Investors have long accepted one portfolio rule without much question. A major tax shift could change that calculation entirely, forcing difficult trade-offs between risk, discipline and an overlooked cost lurking beneath.

The retirement scorecard: how many of these questions can you answer?

From the maths of retirement, estimating spending and picking the right asset allocation to survive a poor decade, here are the questions every retiree – current or future – should be able to answer for themselves.

How the typical Australian Family could save $844,350 in taxes

The value of a testamentary trust is not determined by wealth alone. Depending on circumstances, it can reduce the tax burden on inherited income, create efficiencies and help build intergenerational wealth.

The housing slide could become a crash

House prices are sliding across Australia, yet the most dangerous ingredient for a housing crash is still missing. If job losses surge amid growing economic risks, today's correction could become a historic property downturn.

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