Nina Dunn sits down with Portfolio Manager Nick Markiewicz to discuss the Ellerston Global Mid Small Cap Fund, which has been running since 2017, with Nick taking over as Portfolio Manager in January this year.
The Fund invests across a universe of around 7,500 companies, with an average market cap of roughly $8 billion, but narrows the portfolio to about 40 carefully selected companies.
Performance has been strong, returning 22.7% net of fees over the past year to 30 September 2025, 16.5% p.a. over three years, and 11.6% p.a. since inception, outperforming its benchmark over the long term.
Nick talks through recent performance, why he sees opportunity in global SMIDs now, and highlights a couple of companies in his portfolio. He also shares insights into what sets the Fund apart and the unique approach the team takes when investing across the global mid and small-cap space.
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