Small and micro-cap stocks are meant to be the mid to large caps of the future. But a combination of structural and cyclical trends have some in the market questioning their long-term viability.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
The unstoppable wave of money flowing into exchange-traded funds is causing a crisis in capital formation for the hundreds of small and micro-cap stocks that comprise the bulk of the 2000 companies listed on the ASX.
The 1700 listed companies outside the S&P/ASX 300 are in the midst of a slow and painful decline that is undermining the two core reasons for listing: access to capital and liquidity.
Fetching latest articles
Original URL: https://www.afr.com/markets/equity-markets/small-caps-bulldozed-by-etfs-20250315-p5ljsj
