Laureate predominantly bets on small- and mid-cap stocks for above-average returns over the medium to long term.During the past year, Laureate's strategy returns were around 17%, while the last six months saw a decline of 16% due to market volatility.Laureate balances risk in the portfolio by focusing on growth, fundamentals, and management quality.Valuations in the small- and mid-cap space have become attractive post-correction, opening up opportunities for potential returns.