Global Microcaps is a largely overlooked and misunderstood asset class in Australia. Its awareness has been stymied by the limited amount of manager capacity available in this market. Nevertheless, sophisticated clients who have secured an allocation in offshore markets have been drawn to its superior potential for wealth creation and diversification benefits. Some see it as a liquid alternative to private equity, while others recognise the opportunity it provides skilful managers to outperform within a large universe of undiscovered stocks.
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