The MIGO Opportunities Trust, previously known as Miton Global Opportunities, seeks to exploit mispricings in the investment-trust sector. Trusts’ share prices trade at the balance of supply and demand in the open market – this can differ dramatically from the value of the underlying portfolio.
We seek out investment trusts trading at a discount to the value of their underlying investments – or net asset value, NAV – and offering a catalyst for both a rerating in the share price and an appreciation in the portfolio. This “double whammy” can produce attractive returns, especially when a particular asset class returns from a period of being out of favour.
The new China
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A cheap inflation hedge
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