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Podcast Episode

Relative Return: Concentration risk is reshaping index investing

Wealth Management Podcast Network··6 August 2026·11 min

About this episode

In this episode of Relative Return, host Olivia Grace-Curran and Macquarie Asset Management's head of ETFs, Blair Hannon, discuss the evolving narrative around diversification, as well as how passive ETFs have transformed investing by providing greater access, lower cost and simple exposure to broad markets. Blair explores how concentration risk is changing the way investors should think about passive strategies, active ETFs and portfolio construction and how investors can navigate the next phase of index investing. In this episode, Blair discusses: The changing nature of index investing Why diversification may not look the way investors expect Moving beyond the active versus passive debate The role of active ETFs in modern portfolios Why fixed income requires a different approach