About this episode

Aubrey Hearn discusses the potential of small-cap stocks and their current market opportunities compared to large-cap stocks.

Small-cap stocks have significantly outperformed their large-cap peers so far this year but valuations remain at a massive discount, so what names should be on your radar? On this episode of In the Money with Amber Kanwar , Aubrey Hearn, Senior Vice-President, Portfolio Manager & Lead – U.S. & Small Cap Equities at CI Global Asset Management, makes the case that the small-cap opportunity is far from over. He explains why this is more than just a catch-up trade, pointing to a massive valuation gap where small caps are trading at a 30% discount to large caps despite typically commanding a premium. Hearn also breaks down why fundamentals have quietly remained strong beneath the surface, with many high-quality small caps delivering consistent earnings growth even as multiples compressed. He shares why a stronger U.S. economy, fiscal stimulus, and broader earnings growth beyond the “Magnificent 7” are now creating a much wider opportunity set for investors willing to look beyond mega-cap tech. In the Mailbag, Hearn tackles a range of investor questions across cyclicals, private equity, and AI exposure. He explains why he would buy TFI International (TFII) on a cyclical…

People in this episode

Host: Amber Kanwar

Guest: Aubrey Hearn

Topics covered

• small-cap stocks
• investment opportunities
• market analysis
• earnings growth
• valuation gap
• cyclical recovery
• AI exposure

Mentioned in this episode

Organizations: CI Global Asset Management

Products: TFI International, Brookfield Business Corp., KKR

Places: U.S.

Explore listener stats, chart rankings, contacts and more on the In the Money with Amber Kanwar podcast page.