Recorded 15 May 2026

Small and microcap companies continue to face into macro breeze, but a powerful capex cycle driven by AI, data centres and electrification, is creating a compelling offset.

In this catchup with ausbiz, Joel Fleming (Portfolio Manager, Microcap Equities) chats through some of the opportunities that are emerging across resource exposures and the “picks and shovels” enabling the build-out, from engineering to electrical services.

With valuations improving and earnings growth set to differentiate, investors should keep their eyes peeled on these durable structural tailwinds.

For more information on Joel’s fund, visit: https://www.yarracm.com/capabilities/microcap-equities/.