This complete article first appeared in Livewire on 20 January 2026
Despite the noise, 2025 threw up plenty of opportunities for investors.
Anyone switched on enough to play the Resources rebound, the generational gold trade, the small cap surge, or even the CBA rally (before things cooled off) probably did pretty well for themselves.
While many investors sat on their hands over AI and bubble fears, or licked their wounds following the Liberation Day correction, others took the chance to act and reaped the benefits.
Fortune favours the bold, or at least those willing to think outside the box. So, what are the big opportunities out there for investors looking to outperform over the next 12 months?
As part of our 2026 Outlook Series, we asked nine leading fund managers to share the biggest investment opportunity they've identified for this year.
From James Abela - Sector momentum
Portfolio Manager of the Fidelity Future Leaders Fund and Fidelity Global Future Leaders strategy.
2025 was a very strong momentum year. There was momentum in loss-making stocks, resources, growth and technology which presented a lot of opportunity. This was driven by earnings which continue to look quite strong in this market heading into 2026.