Some of Australia’s biggest resources funds are gearing up for a bumper start to the new year as China releases the shackles on further stimulus and US President-elect Donald Trump delivers tax cuts, supporting global growth and commodity prices.

The anticipated resurgence follows a turbulent year for the fund managers who have grappled with wild swings in the iron ore price amid waves of hope and disappointment around Beijing delivering a bazooka-style stimulus package to shore up the economy.