Recorded 13 April 2026

Rate hikes, surging energy prices, inflation fears and a news cycle giving us all whiplash; it’s not an easy backdrop for growth investing. But the big question is whether this is transient or is it something that is going to embed itself within company outlooks and earnings. Namely – how is this going to evolve? And how long will it last?

For Joel Fleming, running a portfolio of one of the under-the-radar corners of the market, his process is long-term and fundamentals driven, and that means resisting the temptation to rotate in and out of sectors based on whatever the macro is doing today.

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