Latest FIRETRAIL AUST SMALL COMPANIES FUND - ACTIVE ETF (ASX:FSM) News

Takeover uncertainty, legal risks and fund closures drove the biggest share moves this week.
Dividend growth and stronger fund returns offered support, but several reports carried clear warnings about future results.

Firetrail Australian Small Companies Fund delivered a 13.03% pre-fee return for the year to 30 June 2026, outperforming its benchmark by more than 11 percentage points. Net assets nearly doubled to $805.9 million as applications outpaced redemptions, although investors should note the result was before fees and distributions surged alongside performance income.