Why Invest?

Access a diversified portfolio seeking high-quality Australian small companies hand-picked for their sustainable earnings growth and managed by Australian small companies specialist, Flinders Investment Partners, one of Warakirri’s boutique investment partners.

Performance Potential

Small companies offer a unique alpha opportunity by seeking to invest in companies with a long growth runway in an inefficient sector of the market, playing an important role in a well-balanced equities portfolio.

Active Management Matters

Historically, active management has consistently delivered outperformance in small companies as the diverse and under-researched opportunity set provides skilled managers with the potential to extract strong investment outcomes.

A Hand-Picked Portfolio of Small Companies

Flinders specialises in managing small and emerging companies with a proven track record in identifying investment ideas with growth potential.

Why Small Companies Now?

In 2022, the Australian small companies sector experienced material underperformance relative to large companies, with indiscrimante selling a result of the unwinding of QE.

In fact, this was the most extended and significant period of relative underperformance of the asset class since the GFC. We believe this dramatic rerating has resulted in an historic low entry point for those considering an allocation to the asset class.

Active Management Matters

When investing in small companies, there is a clear case for active management.

  • Larger companies are expected to be the most efficient part of the market, with an average of 14 analysts covering each stock. While the smaller companies segment is the most inefficient, providing the potential for higher returns, both relative and absolute.
  • The widening range of investment outcomes as investors go down the market capitalisation spectrum highlights the potential for active management to extract strong investment outcomes.

Why Flinders?

Unlike many investment managers, Flinders Investment Partners specialises solely in Australian small and emerging companies. It’s this single-minded focus that has enabled the team to be recognised as a leading small cap specialist. Watch this brief video with Andrew Mouchacca, Portfolio Manager of the Flinders Emerging Companies Fund for an overview of the team’s approach to investing.

Read video disclaimer >


Flinders Investment Partners Pty Ltd ABN 91 639 796 160 (Flinders) is a corporate authorised representative of Warakirri Asset Management Limited ABN 33 057 529 370 AFSL 246782 (Warakirri). The information herein is published by Warakirri and issued by Flinders representing Flinders’ view on economic and market topics. The views and opinion of Flinders is provided for informational purposes only and are subject to change without notice and are believed to be accurate at the time of publishing. The views and opinions do not constitute a recommendation to buy, sell, or hold any security, and should not be construed as investment advice. While the information herein has been prepared with all reasonable care, Flinders and Warakirri accept no responsibility or liability for any errors, omissions or misstatements however caused. Units in Flinders Emerging Companies Fund (ARSN 607 268 048) are issued by Warakirri. This information has been prepared to provide general product information to wholesale investors only and does not constitute financial advice as it does not take into account an individual’s personal objectives, financial situation or needs, and is not an offer or solicitation to enter into an agreement. The information contained herein should not be relied upon without first referring to the Fund’s Product Disclosure Statement (PDS), Reference Guide and the Target Market Determination (TMD) for a description of the target market and is available at www.warakirri.com.au or by calling 1300 927 254. Past performance is not a reliable indicator of future performance.

Learn more about the Flinders Emerging Companies Fund