With the top 20 stocks accounting for ~60% of the ASX 200, most Australian portfolios are more concentrated than investors realise, and passive inflows are deepening that concentration each day. The stocks overlooked as a result tend to offer better valuations, less crowding and more room to grow. As Dion explains, the mid-cap and small-cap segment has historically been “the sweet spot for returns”, and the gap between index leaders and the rest of the market is widening.
2 Apr 2026
In this presentation at the recent Advisers Big Day Out, Dion Hershan (Head of Australian Equities) explains why the dominance of the ASX 20 is creating both risks and opportunities, and details how investors can position for the next phase of growth.
17 Nov 2023
Michael Steele: Small Caps Remain Compelling
Michael Steele, Small Caps Co-Portfolio Manager, sits down with Ausbiz’s Nadine Blayney to discuss his observations from AGM season, touching...
1 minute read
22 Nov 2022
APRA’s ‘Uneconomic’ Refinancings: Own Goal in the Making
With the RBA continuing to stoke market volatility as it ratchets interest rates higher, it seems APRA, Australia’s other financial...
4 minute read
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