Microcap equities offer access to a vast, under-researched part of the market where limited coverage, passive flows and capacity constraints create persistent inefficiencies. In this sit down with Tim Mugglestone (Senior Distribution Manager), Joel Fleming explains why this overlooked segment is often where new themes and emerging industries first appear, giving investors the opportunity to uncover mispriced growth early.

Capturing that opportunity requires a disciplined, research-led approach to investing. For Joel, the importance of diversification, position sizing and focusing on fundamentally sound businesses to manage volatility is key. For those willing to do the work, microcaps can offer a compelling mix of innovation, inefficiency and long-term return potential.

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