Nick Markiewicz, Portfolio Manager of the Ellerston Global Mid Small Cap Fund, recently appeared on Livewire Markets’ Buy Hold Sell alongside Michael Poulsen from Canopy Investors. The discussion focused on the outlook for global small and mid-cap (SMID) equities, an area of the market Nick believes is rich with innovation, long-term growth potential, and compelling valuation opportunities.
During the segment, Nick identified Corpay (NYSE: CPAY) as a strong buy within the Fund, outlining several factors that make it a particularly attractive opportunity today. Corpay has delivered an exceptional long-term performance record, compounding earnings at 20% per annum for 25 years, placing it among a very small group of companies globally. Nick expects similarly strong growth ahead, noting that the business mix is improving as its higher-growth FX and accounts payable segments continue to scale.
Watch the full episode here: