IML large cap wrap for 2025

The Australian share market had another good year in 2025, the third year in a row of greater than 10% returns. But what were the standout stocks and sectors, and where do the opportunities lie in 2026?

In this podcast IML Portfolio Manager Michael O’Neill discusses the main drivers of returns last year, as well as giving an update on the performance of IML’s large cap funds and his thoughts on what 2026 might bring.