3 April 2026
The annual Glacier International Roadshow 2026 took place across five cities from the 23rd–27th of March. From global market shifts and geopolitical uncertainty to the evolving role of technology, asset allocation and advice, this year’s roadshow reinforced one clear theme: perspective matters more than ever. As we look ahead, we remain committed to navigating what’s next in global investing together.
Setting the Scene
Zeenat Patel | Head of Investment Solutions | Glacier
Zeenat set the scene by unpacking the forces reshaping the global investment landscape. Her perspective reminded us that understanding the bigger picture is the first step to making informed investment decisions. This session introduced the core themes of the roadshow, encouraging delegates to think beyond short-term noise and focus on long-term positioning, setting the foundation for deeper discussions on how to navigate what comes next.
Mapping the new global investment landscape
Hildegard Wilson | Managing Director | Glacier International
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Hildegard set the tone for a rapidly evolving investment landscape, highlighting the intersection of technology, trust, and long-term thinking. While advancements in AI and robotics are reshaping industries, she emphasised their limitations, particularly the inability to interpret context or make human, moral decisions.
In an increasingly data-driven world, she argued that the real value lies not in information, but in trust. Financial advisers play a critical role in helping clients navigate uncertainty, interpret complex data, and stay focused on long-term outcomes.
Using market performance insights, she demonstrated how short-term volatility can distort decision-making, while longer-term perspectives reduce perceived risk and reveal more consistent outcomes. Against a backdrop of geopolitical shifts, ETF evolution, and AI-driven disruption, she reinforced that human judgement remains indispensable in guiding investors through complexity with confidence.
Decoupling or rebalancing
Richard Garland | Managing Director, Global Advisor | Ninety One
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Richard Garland unpacked the shifting dynamics of global markets, questioning whether investors are witnessing true decoupling or simply a rebalancing of opportunity. Against a backdrop of geopolitical uncertainty, US policy volatility, and concentrated market leadership, Garland highlighted the risks of overexposure to a single market, particularly the US, which has dominated global returns for over a decade. With valuations elevated and market concentration driven by a handful of mega-cap stocks, investors are increasingly reconsidering portfolio positioning.
Navigating the storm
Luke McMahon | Senior Global Portfolio Manager | Sanlam Investments
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Luke unpacked how investors can navigate an increasingly volatile global environment shaped by geopolitical tensions, shifting trade dynamics, and structural change across markets. Describing current conditions as being “in the eye of the storm,” McMahon highlighted how recent global events have intensified uncertainty and driven short-term market volatility. However, he emphasised that beneath this disruption, powerful long-term themes are unfolding, including a new commodity supercycle, the rapid expansion of AI infrastructure, and rising demand for global infrastructure .
Winning by not losing
Fritz von Westenholz | Business Development Director | Troy Asset Management
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Fritz delivered a compelling case for why successful investing is as much about avoiding losses as it is about generating returns. Framed by the philosophy of “winning by not losing,” he highlighted how protecting capital during market downturns is critical to long-term wealth creation, noting that large drawdowns require significantly higher returns to recover. Against a backdrop of elevated valuations, concentrated market leadership, and rising geopolitical and macroeconomic risks, he emphasised the importance of a cautious, low-volatility approach.
The hidden opportunities | Ninety One
Amid global uncertainty lies a wealth of untapped opportunity. Ninety One uncovered areas of the market that are often overlooked or misunderstood, particularly within emerging markets and evolving sectors. This session challenged conventional narratives, highlighting where mispricing and structural growth trends may create compelling investment cases. It also explored how investors can identify these hidden opportunities through a combination of local insight, thematic thinking, and long-term perspective. As global markets shift, the ability to look beyond the obvious becomes a critical advantage.
Panel Discussion: What in the world is going on?
Troy Asset Management & Ninety One facilitated by Paul Wilson | Chief Investment Officer | Sanlam Multi Manager International
In a world defined by constant change, making sense of global events can feel overwhelming. This dynamic panel brought together leading investment experts to unpack the key forces driving markets today. From geopolitical tensions and economic divergence to shifting investor sentiment, the discussion explored how these factors intersect and what they mean for global portfolios. With diverse perspectives across asset classes and regions, the panel challenged assumptions, debated key themes, and offered practical insights. This session provided a rare opportunity to hear how seasoned investors are interpreting the current environment and how they are positioning for what comes next.
Keynote address: Leading through constant change
Ian Fuhr | Author, Founder & CEO: Sorbet Group
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In times of uncertainty, leadership becomes a defining factor not just in business, but in investing. Ian Fuhr delivered an inspiring keynote on how to lead and thrive amid continuous disruption. Drawing on real-world experience, he explored the mindset and behaviours required to remain adaptable, resilient, and forward-looking in a rapidly changing world. This session moved beyond markets to focus on human decision-making, offering valuable lessons on navigating complexity with confidence. For investors and leaders alike, it was a powerful reminder that success in uncertain times is driven as much by perspective and adaptability as it is by strategy.
Closing | Hildegard Wilson
As the roadshow concluded, Hildegard Wilson brought together the key insights and themes from the day. Reflecting on the discussions, she reinforced the importance of adaptability, strategic thinking, and disciplined investing in navigating the evolving global landscape. This closing session connected the dots between the various perspectives shared, offering a clear and cohesive view of what lies ahead for global investors. Hildegard left attendees with practical takeaways and a renewed sense of confidence — not in predicting the future, but in being prepared for it. It was a fitting end to a day focused on navigating what comes next in global investing.
