Michael Steele, Co-Portfolio Manager of Small Cap Equities at Yarra Capital Management, catches up with Juliette Saly from ausbiz to provide his observations on the outlook for Australian small companies, detailing why US outperformance in small caps bodes well for Australia and covering off some of the factors which provide him with confidence of an improving earnings environment.

Michael and Juliette also discuss property trusts, recent asset valuation trends and cover one Industrial REIT that Michael believes is well placed to outperform.