Despite the noise, 2025 has quietly thrown 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) has probably done pretty well for themselves this year. 

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 as we prepare for the clocks to tick over to 2026, 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 next year.