Phillip Hudak joins Livewire Markets to share his latest buy, a new AI exposed name on the watchlist, and a position he's just trimmed – plus why Australian small caps could be quietly setting up for a meaningful catch-up trade.

Listed infrastructure is entering a compelling phase. In this podcast with CIBC, Andrew Maple-Brown outlines why macro conditions, accelerating earnings growth and attractive valuations make a strong case for the sector right now, and how decarbonisation and digitalisation are driving a significant capital investment opportunity.

Australian small caps are under pressure, and that could be good news for investors. A volatile start to 2025 has seen the asset class fall ~13% from January highs, creating valuation gaps not seen in a decade. Portfolio manager Matt Griffin explains why the team sees this as an attractive entry point, and where they're finding opportunities across resources, energy transition and agriculture.

Geopolitical shock. Market volatility. And an opportunity set in Australian small caps that we believe is as compelling as we have seen in some time. In this quarterly update, we examine why the 2026 oil shock is fundamentally different from previous cycles – and why the resulting volatility has created a genuine buying opportunity. With the Small Ordinaries trading at a 17% discount to the ASX 100 and consensus earnings growth forecast at 26% for FY26, the case for small caps is strengthening.

Is your infrastructure portfolio ready for the energy transition? Our latest Responsible Investment Report reveals how AI-driven electricity demand is reshaping the investment case for electric utilities, why active engagement with company boards matters more than ever, and how we're tracking against our 2030 emissions target.

What if one of Australia's biggest growth stocks lost more than half its value, while a bank once considered cheap nearly tripled? In our latest video, Dougal Maple-Brown unpacks one of the most striking valuation reversals in recent Australian market history and explains how our valuation-driven approach positioned portfolios to benefit.

Australian small caps are well positioned for the year ahead — and this reporting season reinforced why. In this video, Phillip Hudak breaks down the key themes from reporting season including where positive surprises emerged, why mission-critical software businesses proved their resilience against the AI narrative, and why the team remains constructive on the smaller end of the market going forward. With Australian small caps trading at a ~15–20% discount to large caps and superior earnings growth expected through FY26 and into FY27, the opportunity set looks attractive.

Cell towers are among the most compelling valuation opportunities we're seeing in listed infrastructure today. Despite essential, long-term contracted cash flows, listed tower companies are trading at significant discounts to comparable private market valuations, despite similar underlying economics. In this webcast, our infrastructure team unpacks the opportunity in European tower companies, addresses consolidation concerns largely misunderstood by the market, and explains why we see strong long-term compounding returns ahead.

We are living through a period of profound economic uncertainty, marked by a cost-of-living crisis and widening income inequality. These pressures are reshaping consumer behaviour, labour dynamics and political priorities—creating a complex risk landscape for investors. While corporate governance has long been central to our investment process, an emerging risk is gaining traction: social license to operate. Rising living costs, wage pressures and affordability challenges can trigger labour unrest, regulatory intervention and reputational damage. By understanding these dynamics, investors can better anticipate emerging risks and position for resilience.