Miton Global Opportunities (LON:MIGO) is a highly unusual fund that aims to profit from pricing inefficiencies by buying investment trusts that are trading on wide discounts where there is a clear catalyst for them to narrow. It had a fantastic 2017 by investing in four of the ten best performing trusts in the market and has some interesting holdings that could generate significant upside in 2018. Manager Nick Greenwood believes that the growth in the number of investment trusts that provide exposure to alternative assets has created additional opportunities for him to exploit. These sorts of assets are often harder to value with less frequently published net asset value (NAV) data, which creates the scope for mispricings, although there would need to be a catalyst for the discounts to narrow before he would invest. |
Ingen kommentarer:
Send en kommentar