Australia’s sharemarket has become increasingly concentrated, dominated by the big banks and miners, particularly Commonwealth Bank and BHP. But after a sharp sell-off in bank stocks and renewed volatility linked to inflation and the Iran conflict, some investors believe the next phase of the market could look very different.

Sean Aylmer speaks with Russel Chesler, Head of Investments at VanEck, about why he believes the ASX may be entering a “regime shift”. Russel explains the risks of passive investing in a highly concentrated market, why “halo stocks” and rare earths are attracting attention, and where investors may find value beyond the banks and big miners.

This is general information only. Seek professional advice tailored to your circumstances before making decisions.