In this edition of the CFS Geared Share Fund quarterly update, David Wilson, Deputy Head of Australian Equities Growth & Portfolio Manager at First Sentier Investors, and Brock Jeffery-Warren, Director Alliance & Multi-Assets at CFS, discuss recent fund performance and the key drivers of returns in FY26. The update covers the portfolio's top and bottom contributors, providing insight into the stocks and investment decisions that influenced outcomes. David also shares his perspective on why Australia remains a market rich with opportunity, highlighting the breadth of quality businesses across established leaders, domestically focused companies and emerging growth opportunities. Finally, the discussion explores how the team assesses the defensibility of businesses in an increasingly AI-driven world, including the characteristics they believe can help companies maintain sustainable competitive advantages over the long term.
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