Ellerston Capital Co-Portfolio Manager James Barker sits down with National Key Account Manager Lisa Salamon to discuss the Ellerston Australian Emerging Leaders Fund, a small-cap strategy that has been running since 2019, with the Fund officially launched in 2021.
Drawing on their micro-cap experience, James explains how the team determines when a company has grown enough to ‘graduate’ from a micro-cap into the Emerging Leaders Fund’s small-cap portfolio.
The Fund has returned 30.7% over the past year to 30 September 2025, 23.7% p.a. over three years, and has delivered consistent outperformance since inception, highlighting the team’s disciplined research approach and active management in the small-cap space.
James shares insights into what’s been driving the Fund’s recent strong performance and where he sees opportunity among emerging Australian companies.
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