Assignment task: The Ausbil Microcap Fund (AAP0007AU) is described as a fund that predominantly invests in a portfolio of listed small and microcap Australian equities. Review information on the fund, such as the PDS, fund profile and website, and describe the key characteristics of its investment process and investment philosophy
Do you expect this style of fund to outperform or underperform over the next 12 months? Provide reasons in your answer.