Joel Fleming: Why microcaps should be on your radar

Leveraging inefficiencies in the smallest part of the market.

16 Feb 2026

The smallest part of the market offers a huge investible universe and the opportunity for genuinely impressive long-term growth. As a sector brimming with valuation inefficiencies, broad exposures and under-the-radar growth stories, it's a part of the market that offers a happy hunting ground for all investors.

Recorded 3 February 2026

Joel Fleming (Portfolio Manager, Microcap Equities) sits down with Tom Stelzer from Livewire Markets for an in-depth review of his fund, detailing why the smallest part of the market offers a huge investible universe and the opportunity for genuinely impressive long-term growth.

The fund has comfortably outperformed its benchmark since its inception in 2014 and Joel has been there every step of the way. And for Joel the value proposition is simple: “It’s about leveraging this wide investible universe that’s available – it touches the full spectrum of the economy and that ability to drive long-term capital growth for people.”

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