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),
-
Stop inheritance tax perk on pensions, says IFSThe government could raise billions of pounds in revenue by closing inheritance tax loopholes, such as on pensions and AIM shares. Is your pension at risk?
-
Revealed: Best buy-to-let property hotspots in the UKLooking for the best buy-to-let property locations in the UK? We reveal the top 10 postcodes with the strongest rental returns
