Miton fund hits £200m AUM

Miton fund hits £200m AUM

The CF Miton UK Value Opportunities Fund has broken through the £200m mark in assets under management just two years after launch, sales and marketing head Ian Chimes has said. 

“The performance of the fund since its launch speaks volumes of the fund manager’s investment approach. Their unwavering approach to value investing continues to attract investors to this increasingly popular fund,” he said.

Managed by George Godber and Georgina Hamilton, the fund has consistently outperfomed the FTSE All Share and the FTSE Aim since the latter end of 2013, returning 36.7 per cent compared to a rise of 18.5 per cent for the FTSE All Share Index, and 21.1 per cent for the average fund in the sector.

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It also was the fifth best performer in the IA UK All Companies sector in 2014, returning 10.4 per cent. 

The portfolio invests mainly in UK companies which the fund managers consider to be undervalued by the market, and are not constrained by the FTSE All Share Index as a benchmark.

Mr Godber said: “We continue to find really interesting opportunities and have a very different set of holdings than most other UK funds.” 

Adviser View

Richard Troue, head of investment analysis at Bristol-based Hargreaves Lansdown, said that while the fund size may represent an attractive proposition, it was important to “look across the board, at the performance management, the longevity of its track record and a steady growth.”