The rules have changed. Does your portfolio have?

The rules have changed. Does your portfolio have?

In my first video insight for 2026, I explained that the era of simple investing is over. With valuations high, markets concentrated in a small group of stocks and volatility increasing, I believe investors need to think more carefully about diversification.

That’s why we continue to focus on strategies that are not correlated with markets, such as the Aura Private Credit Income Fundthat wants to offer investors access to regular income, and the Digital Asset Fund Management – ​​Digital Income Fundthat seeks to take advantage of the volatility and price inefficiencies in global asset markets.

These strategies can provide diversification benefits and alternative income sources in a changing investment environment. If you would like to know more about our offering and whether it is suitable for your circumstances, please complete the form below to receive more information.

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Over the past twenty years, investing has been – dare I say it – rather simple. We had low inflation, falling interest rates, and central banks were always ready to catch us if we fell. But if you feel like the ground is shifting under your feet lately… you’re right. The era of ‘easy’ investing could officially be over.

If you’ve been watching our videos: “I’ve been waving a flag about this for nine months now. Since 2022, we’ve been into stocks and believed in strong annual returns, backed by a disinflationary backdrop and positive economic growth. Historically, these two, when combined, have consistently supported stock prices, especially those of innovative companies with pricing power. But the market has changed. Stocks are now historically expensive and everyone is focused on the same few AI themes.

Lakshman Anantakrishnan, the CIO at ANZ Private, recently reiterated this in the Financial overview, noting the ‘rules’ we used to rely on are being rewritten by three big things: Fiscal dominance and deglobalization, a shrinking working population of the young who are unwilling to politically support the aging rich, and enormous growth in debt worldwide.

The result? Broad indices are unlikely to continue delivering the easy double-digit returns we enjoyed. Instead, we’re looking at steeper declines, much higher volatility and persistent inflation, creating a strong correlation between stocks and bonds, calling into question the value of a traditional 60/40 portfolio.

So when price-to-earnings ratios for the major stock indexes are at record highs, when too much money is being poured into an investment theme that will soon face a cyclical reality, and when the reliability of the traditional stock and bond portfolio is shaky, where do you go?

This is why I’m doubling down on our 2026 call to watch Private credit and digital income. These aren’t just ‘alternative’ buzzwords; I believe these are essential tools for a world where interest rates no longer remain at zero and market leadership changes faster than ever.

If you’re looking to stabilize your future returns and move away from the hopium built into the large-cap stock indices, I’d like you to take a look at what we’re doing.

Us Aura Private Credit funds are designed to provide consistently attractive returns by tapping into the credit markets that traditional banks have withdrawn from, thanks to post-GFC regulations. For those looking for a modern touch, our DAFM Digital Income fund offers a unique way to generate income from high-frequency arbitrage that is not dependent on the direction of the market.

My goal for 2026 is simple: diversify, establish attractive income streams and reduce some of the dependence on the next stock market mood swing.

“The rules have changed, but your objectives don’t have to be. It’s just time to update the strategy. You can click the link below to learn more about Aura and DAFM, or contact Rhodri Taylor or David Buckland for a chat about preparing your portfolio for a new era.

Disclaimer:

You should read the relevant Product Disclosure Statement (PDS) or Information Memorandum (IM) before deciding to purchase investment products. 

Past performance is not a reliable indicator of future performance. Returns are not guaranteed and therefore the value of an investment may rise or fall. 

This information is provided by Montgomery Investment Management Pty Ltd (ACN 139 161 701 | AFSL 354564) (Montgomery) as the authorized distributor of the Aura Core Income Fund (ARSN 658 462 652) (Fund). As an authorized distributor, Montgomery is entitled to distribution fees paid by the investment manager and may issue shares in the investment manager or entities affiliated with the investment manager. 

The Aura Core Income Fund (ARSN 658 462 652) (Fund) is issued by One Managed Investment Funds Limited (ACN 117 400 987 | AFSL 297042) (OMIFL) as the responsible entity for the Fund. Aura Credit Holdings Pty Ltd (ACN 656 261 200) (ACH) is the investment manager of the Fund and operates as a Corporate Authorized Representative (CAR 1297296) of Aura Capital Pty Ltd (ACN 143 700 887 | AFSL 366230). 

You should obtain and carefully consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the Aura Core Income Fund before making any decision whether to acquire or maintain an interest in the Fund. Applications for units in the Fund can only be made via the online application form attached to the PDS. The PDS, TMD, continuing disclosure notices and relevant application form can be obtained from www.oneinvestment.com.au/auracoreincomefund or from Montgomery. 

The Aura Private Credit Income Fund is a non-registered managed investment scheme for wholesale clients only and is issued under an information memorandum by Aura Funds Management Pty Ltd (ABN 96 607 158 814, Authorized Representative No. 1233893 of Aura Capital Pty Ltd AFSL No. 366 230, ABN 48 143 700 887). 

Any financial product advice given is solely of a general nature. The information has been provided without regard to the investment objectives, financial situation or needs of any particular investor. Before acting on the information contained in this report you should therefore obtain professional advice and consider whether the information is appropriate in light of your objectives, financial situation and needs.

Montgomery, ACH and OMIFL do not guarantee the performance of the Fund, the return of any capital or any return. Investing in any financial product is subject to investment risks, including possible loss. Past performance is not a reliable indicator of future performance. The information in this report may be based on third party information that may not be verified.

Disclaimer:

The Digital Income Fund is only available to wholesale investors.

Performance of the Digital Income Fund – Digital Asset Class since inception on May 1, 2021. Net return after fees and expenses as of December 31 2025 and assumes reinvestment of benefits.

This is general information and does not take into account your personal circumstances. Therefore, seek independent advice before investing. Investing involves risks, including the possible loss of principal. Past performance is not a reliable indicator of future performance.

Diversification does not guarantee a profit or guarantee against loss. Montgomery Investment Management has AFSL number 354564.