Navigating the sea of opportunities in Australian small caps is always a challenge. While the Australian Small Ordinaries index has averaged 6% p.a. for the past 10 years, there have been some huge winners that have emerged from the sea of unprofitable companies, mining explorers and companies trying to figure it out.

Today we are joined by Roland Houghton, Co-Portfolio Manager of the Milford Dynamic Small Companies Fund, to help us understand how to find winners in the smaller part of the market.

In today's episode of Basis Points we unpack:

• Roland's investment philosophy and criteria
• How the process starts with idea generation
• Then what the Milford team are looking for as they research these ideas
• How Milford combine the bottom-up and top-down when building a thesis
• What Milford's macro models are telling us at the moment
• Then we bring to life with a deep dive into 3 stocks in Roland's Dynamic Small Companies fund

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CPD Points: This episode is accredited for CPD points by the Financial Advice Association of Australia (FAAA).

To claim your points, complete the CPD Quiz and we'll send you your certificate.

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Thank you to Milford for sponsoring this episode of Basis Points, and helping us keep all of our content free.

If you want to learn more about Milford's range of funds, including Roland's Dynamic Small Companies Fund, visit their website.

Before you invest, be sure to read the Milford Funds Product Disclosure Statements and Target Market Determinations at milfordasset.com.au

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In the spirit of reconciliation, Equity Mates Media and the hosts of Basis Points acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 

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Basis Points is a product of Equity Mates Media. 

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. 

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