A bonus audio version of our Q3 2025 market and portfolio positioning update. 

The US economy remains remarkably strong — but beneath the surface, a two-speed story is emerging. In this episode, Alison Savas is joined by Portfolio Manager Vihari Ross to unpack what’s driving US resilience, from fiscal scaffolding supporting consumption to the AI investment boom reshaping corporate earnings. They also discuss where Antipodes is finding value in today's market. Can the good times keep rolling in the US: 1:00 How critical is fiscal stimulus to US exceptionalism: 5:20 Can AI capex offset any weakness in consumption: 8:50 A stock that could be one of the largest gainers in incremental AI spend: 12:50 Daikin Industries (6367.T) - both cyclical and structural opportunities: 16:40 How we would respond if the US starts to deteriorate: 19:15

Antipodes investment director, Alison Savas, is joined by Ian Harnett, founder of Absolute Strategy Research. Key times: Breaking down US job market data: 1:10 Do Tariffs matter? 6:30 How enduring can the current market resilience be? 10:30 Is the AI trade in a bubble? 12:00 Emerging Markets, Europe and valuations outside the US: 21:00 Risks in markets heading in 2026: 24:10 What could surprise on the upside in 2026: 25:50 Ian’s biggest investing lessons: 28:00

In this episode, Alison Savas is joined by Pinnacle Investment Management Group's Chief Investment Strategist, Anthony Doyle.  Anthony shares perspectives on asset allocation, and they delve into one of the biggest debates in the world of investing - active vs passive.  Key times: Active vs passive investing: 1:00 Current asset allocation trends: 6:40 How behavioural biases can set investors back: 10:00 Building resilience and diversification into protfolios: 12:00 Defining value: 18:00 Avoid market traps 22:30 How should your teenagers invest? 27:50 Content in this podcast should not be considered to be investment advice. It is general information only which doesn't consider your personal financial situation, objectives, or needs. Stock commentary should not be considered as recommedations to buy, hold, or sell any security. Seek professional advice before making investing decisions. 

A bonus audio version of our Q2 2025 market and portfolio positioning update. 

Investment Director Alison Savas and Portfolio Manager Graham Hay discuss US fiscal sustainability, what the equity and bond markets are signalling, and how Antipodes is positioning portfolios in the current landscape. 

Alison Savas interviews James Rodda, Lead Portfolio Manager of the Antipodes Global SMIDs Fund, to explore why global small and mid-cap stocks (SMIDs) present powerful, under-appreciated alpha opportunities. They unpack the valuation gap between SMIDs and large caps, and how Antipodes’ strong investment platform and industry-led research approach provides a unique edge in identifying mis-priced opportunities. A must-listen for anyone considering allocating to global SMIDs.Key times:Why Antipodes launched a global SMIDs Fund: 0:45Why investors should consider an allocation to global SMIDs: 3:00The importance of industry-led research & discussion about investing in Roku Inc (NASDAQ: ROKU): 08:00Antipodes gobal SMID Fund performance: 18:00Why Brookdale Senior Living Inc (NYSE: BKD) is one of the Fund's largest positions: 24:50Stock commentary is illustrative only. Not recommendations to buy, hold, or sell any security. 

Antipodes Emerging Markets Portfolio Manager, John Stavliotis, shares insights from a recent research trip to China, and discusses some of the Antipodes team's best investment ideas. 

This episode features Antipodes Investment Director, Alison Savas, and Antipodes Portfolio Manager, Rameez Sadikot.  Key times: Thoughts on Trump's '90-day pause': 1:00How damaging could big China tariffs be? 2:20Tariff implications for inflation and economic growth: 5:00Is the market adequately pricing tariff implications? 8:20Can Europe and China stocks benefit from US tariffs? 10:00Latin American markets to watch: 10:50Is the current stock market broadening sustainable? 11:30

Antipodes portfolio manager, James Rodda, joins Alison Savas after returning from three bell-weather conferences across the US covering tech, media and telcos and consumer.

In episode, Alison Savas interviews Antipodes' senior trader, Steve Sevier.  Key Times: Steve reflects on trading through the mid 2000s: 2:00 A trader's day: 4:00 The evolution of stock markets - who can move markets today? 6:40 The implications of trend chasing, increased retail participation, and shortened investment horizons: 10:00 What can change market momentum? 13:30 The big dislocations in markets in 2025: 16:00 Are investors on the cusp of a rotation away from US stock market exceptionalism? 20:00 The implications of President Trump on stock markets: 20:50 More about Antipodes: https://antipodes.com/

Antipodes CIO, Jacob Mitchell joins Investment Director, Alison Savas, to discuss Antipodes' portfolio positioning and the outlook for global equities. Jacob also discusses why investors should watch gold stocks in 2025, and challenges that tech giant Apple Inc. (NASDAQ: AAPL) is facing. Key Times: The Trump inauguration: what now for markets? 1:00 Stocks vs bonds: mixed messages? 3:50 The outlook for US equities in 2025: 8:00 Are we on the cusp of a change in global fiscal impulse? 12:30 Can Europe's valuation discount narrow? 17:30 Outlook for Chinese equities: 19:50 AI inflection point and big shifts in Central Bank gold buying: 22:50 The bear case for Apple Inc (NASDAQ: AAPL): 28:30 More about Antipodes Partners: https://antipodes.com/ Stock commentary is illustrative only, not a recommendation to buy, hold, or sell any security. 

In this year-end episode for 2024, Alison Savas invites Antipodes' Sector Portfolio Managers to discuss their outlook for 2025. Each PM shares their insights on key sectors and stocks to watch in the new year, including a stock they believe will outperform and one they advise investors to steer clear of.   Key Times:   0:35 | Graham Hay - Hardware, Industrials & Commodities Portfolio Manager Stock to watch: Keysight Technologies, Inc. (NYSE: KEYS) Sector to avoid: Large cap technology stocks 8:45 | Nick Cameron - Healthcare Portfolio Manager Stock to watch: Alcon AG (SWX: ALC) Sector to avoid: Small to mid-cap medical device companies 16:15 | Max Shramchenko - Infrastructure Portfolio Manager Stock to watch: RWE AG (ETR: RWE) Sector to avoid: Conventional power generating assets in US 23:15 | James Rodda - Developed Markets, Technology, Media and Telecommunications Portfolio Manager Stock to watch: Alphabet Inc (NASDAQ: GOOG) Sector to avoid: Large cap technology stocks (ex Alphabet) 28:30 | John Stavliotis - Emerging Markets Portfolio Manager Stock to watch: DiDi Global Inc. (ADR: DIDIY) Sector to avoid: Indian Mid cap Universe   More about Antipodes Partners: https://antipodes.com/ Stock commentary is illustrative only, not a recommendation to buy, hold, or sell any security. 

Antipodes Investment Director, Alison Savas speaks to Portfolio Manager Rameez Sadikot in the aftermath of the 2024 US Presidential election. Rameez discusses what the Antipodes team believes investor can expect during the Trump presidency and three stocks to watch.  Key Times: Is the equity market ignoring the risks the bond market is pricing in? 1:00 Tax cuts and fiscal deficits: 3:50 Tariffs & immigration: will these policies be economically damaging? 8:30 What impact will Trump's policies have on Fed policy & risk assets? 14:20 Antipodes portfolio: the election winners (Capital One & Ally Financial) 17:30 Mexican cement - the contrarian opportunity: 21:20 More about Antipodes Partners: https://antipodes.com/ Stock commentary is illustrative only, not a recommendation to buy, hold, or sell any security. 

China expert, John Garnaut joins Alison Savas to discuss the state of China's economy, policy landscape, and the potential risks and opportunities for stock market investors.  John is the founder of Garnaut Global, a leading advisory firm to select global asset managers, technology companies and government agencies. Key times: Analysing the shifts in investor sentiment towards China: 1:00 Has the CCP's attitude towards economic growth changed recently? 13:30  Will recent China stimulus measures have a big impact? 20:00 Why China needs to direct resources to local Government: 28:30 Reviving China's property sector: 30:00 Will Taiwan be Xi Jinping's legacy? 34:00 The markets that China's big tech stocks are poised to dominate: 38:00   More Antipodes insights: https://antipodes.com/insights/      

Antipodes Investment Director, Alison Savas speaks to Nick Nelson (ASR Head of Global Equity Strategy) about the investment implications of the 2024 United States Presidential Election.  Key Times: The Trump vs Harris Debate - thoughts and observations: 1:00 The battleground states: 2:00 The composition of Congress - a clean sweep or not? 4:00 Key policy areas relevant for stock market investors (taxation, climate, trade, immigration): 7:00 Will Trump repeal the Inflation Reduction Act? 10:00 Why Trump's big tariff plans could only be a threat: 12:40 How will investment markets react to a Trump or Harris win: 18:00 Foreign policy & implications on Europe: 20:50 Episode summary: 22:00 More about Antipodes Partners: https://antipodes.com/  

Alison Savas is joined by Ian Harnett, the co-founder and chief investment strategist of Absolute Strategy Research.  Ian shares big picture macroeconomic perspectives and views on the state of global stock markets.  This is part 1 of a 2-part interview.  Key Times: What Fed Governors are thinking right now: 1:40 US macro + takes on recent economic data: 5:00 Is the good news all priced in? 10:00 Narrow earnings growth in the US: 14:00 Growth outside the US: 16:00 The energy capex cycle: 27:00 AI: 30:45 Overweighting the USD: 36:00 Ian's rate cut call: 45:00

Over the last year, financials globally have had a pretty good run as profit margins for lending have grown. We’ve seen this trend in the big banks in the US, but also in Europe where dividends and buybacks are trending higher and higher.    But what if the next move for policy rates is down? Should investors stick with banks?   Antipodes Portfolio Manager James Rodda and Alison Savas discuss the set-up for financials in the US, Europe and also Australia, and compare the investment cases for three of the major banks in these markets.  Key times: What would rate cuts mean for banks: 3:00 The outlook for Australian banks: 10:30 NatWest Group: 11:20  Wells Fargo & Co: 17:17 Commonwealth Bank of Australia (CBA): 20:30 Comparing Natwest, Wells Fargo & CBA: 25:20 All stock commentary is illustrative only and not recommendations to buy, hold, or sell any security. 

Regulatory and economic fear has gripped Chinese stock markets in recent years – most notably headlined by troubles in China’s property sector and the collapse of China Evergrande.  But there are signs the very negative sentiment surrounding Chinese stocks is turning. Antipodes Portfolio Manager John Stavliotis discusses some surprising observations from a recent research trip to China, along with Antipodes' exposure to the world's second-largest economy.  Key times: Surprising observations and key takeaways from a China research trip: 00:50 China's property sector woes: 3:20 Time for exposure to China's property sector? (Ke Holdings Inc) 10:30  Investing in China's 'emerging multinationals'(Kingdee International Software Group Co) 13:20 The investment opportunity in China's power grid (NARI Technology Co Ltd) 19:30 Key takeouts - can Chinese stocks thrive again? 31:00 Stock commentary in this episode is illustrative only, not recommendations to buy, hold, or sell any security.  More about Antipodes: antipodes.com

In this episode Alison Savas is joined by Antipodes Portfolio Manager, Graham Hay. They discuss two key stock market sectors – tech and commodities – as the market starts to tilt towards the higher for longer interest rate scenario. Key times: The US economy has been incredibly resilient - can it keep powering ahead? 1:00 Meaningful moves in tech stocks: 5:00 Nvidia (NASDAQ:NVDA): 6:30 Tech opportunities in the current market cycle: 11:00 TSMC (NYSE:TSM): 11:30 Qualcomm (NASDAQ:QCOM): 13:30 Commodities performance and outlook: 14:50 Teck Resources (NYSE:TECK): 20:00 Stock commentary in this episode is illustrative only and should not be considered as recommendations to buy, hold, or sell any security.