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)
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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),
-
Starling Bank under fire after customers rejected for new savings accountMoneyWeek investigates why some Starling Bank customers are being rejected for its recently launched easy-access savings account
-
UK house prices rose 3.3% over past 12 months - what’s in store for 2025?The Land Registry house price index reveals annual inflation of 3.3%, with the average property price reaching £290,000 in November. Will house prices continue to increase this year?
