Yarra Global Share Fund has undershot MSCI All Countries World Index (ACWI) by 3.2 per cent over a year. In the past six months, the fund returned 16.7 per cent after fees versus the benchmark’s 11.9 per cent. Nikko has pounced on stocks at the smaller end of the market which have been overlooked due to the market’s “obsession” with tech over the past year.