Fund search Browse or

CF MITON SELECT ASSETS B - Fund overview

No Bestinvest rating
Find rated flexible investment funds

Overview of CF MITON SELECT ASSETS B

Nick Greenwood manages a portfolio which specialises in investment trusts. He has been successful in adding value through exploiting the pricing inefficiencies inherent within the closed end fund arena. The portfolio provides exposure to global investing, although the UK is likely to be the dominant region within the fund. iimia now operates under the parent company of Midas Capital.

Standard Initial Charge

5.00% 0.00%

Fund summary

Sector	Flexible Investment
Product type	OEIC
Launched	April, 2003
Size	£14m
Yield	0.0%
Charging basis	–
Dividends paid	Acc units only.
Bid price	212.67p

Fund Charges

Standard Initial charge	5.00%
Initial charge via Bestinvest	0.00%
Additional bid/offer spread	0.00%
Annual management charge	1.25%
Total expense ratio	1.56%
Reduction in yield (10yr)	1.56%

Bestinvest says

No information available.

Portfolio

cf miton select assets b asset allocation illustration

Allocation		Proportion

	Equity	87%
	High yield bonds	0%
	Quality bonds	4%
	Property	8%
	Commodities	0%
	Hedge	0%
	Fund cash	1%

cf miton select assets b equity geographic illustration

Allocation		Proportion

	UK	40%
	Europe	12%
	Nth America	11%
	Japan	14%
	Pacific	19%
	Other Equity	4%

cf miton select assets b equity capitalisation illustration

Allocation		Proportion

	Large Caps	13%
	Mid Caps	6%
	Small Caps	81%

View all performance data for CF MITON SELECT ASSETS B

Investment process

This fund is unusual in that it invests only in investment trusts as opposed to traditional listed equities. The manager believes that this approach can provide investors with attractive absolute returns through exploiting inefficiencies in the pricing of investment trusts.
The process involves around 200 face to face management meetings per year, which the manager uses not only for information on the trust and to gauge its management, but they also provide ideas for asset allocation.
He is not an activist shareholder himself but often picks trusts where some sort of corporate action is likely.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

Research