Recorded 16 October 2026

Against a challenging backdrop for Australian equities, small and microcap companies continue to present excellent opportunities for active investors willing to look beyond the market volatility.

Speaking with ausbiz’s Andrew Geoghegan, Yarra’s Joel Fleming (Portfolio Manager, Microcap Equities) explains why AGM season should provide valuable insight into which businesses are successfully navigating a tougher environment, and why dispersion across the market reinforces the importance of stock selection.

Joel covers two companies currently attracting his team’s attention, Shape Australia and Waratah Minerals, and the respective opportunities the team sees in data centre development and gold exploration.

Watch to hear Joel’s latest perspective on Australian microcaps, and where the team is finding opportunities in what remains the most inefficient part of the Australian listed market.

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