A professional investor tells us where she'd put her money. This week: Charlotte Cuthbertson, assistant fund manager, Miton Global Opportunities.
Miton Global Opportunities seeks to exploit mispricings in the investment trust world. We look for good assets trading at a discount where we have identified a catalyst for the value to be realised. Over recent months we have seen value building as progress is being made at the net asset value (NAV) level but share prices have failed to keep up.
Digging for treasure
Baker Steel Resources Trust (LSE: BSRT)
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Big opportunities in micro-caps
But many investors will now be tempted to buy. After a period of poor performance many micro-cap trusts have drifted out to wide discounts and the stocks in their portfolio are trading at low multiples, creating a double discount. We have been buying River and Mercantile UK Micro Cap Trust (LSE: RMMC).
The Midlands are on the move
Real Estate Investors (Aim: RLE),
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