Arden Jennings is co-portfolio manager of Ausbil’s small-cap and micro-cap funds. The firm oversees $19.4 billion in assets.
What do you make of the ongoing volatility in equities at the moment? Do you see any risks for small caps in particular?
The word uncertainty is paramount. But in volatility lie the opportunities. We’ve been high-grading the portfolio and buying some of the stocks because of the weakness in small caps.
From the volatility, the stocks have experienced extreme reactions. A good example is Codan, the telecommunications company, which has wiped $300 million off the market cap – around 10 per cent of its value – since it reported earnings.
Source: https://www.afr.com/markets/equity-markets/ausbil-says-this-stock-will-be-the-next-top-gold-play-20250318-p5lkgc