Investment Trusts  

Miton Global Opportunities trust renamed to Migo

Miton Global Opportunities trust renamed to Migo

The £100m Miton Global Opportunities investment trust has been renamed once again, this time to ‘Migo Opportunities Trust’.

Having changed its name from ‘Miton Worldwide Growth’ back in 2016 to better reflect its investment approach, the trust has now said it wants to make it easier for potential investors to find and identify the company - which has increasingly become known as ‘Migo’.

The trust’s board decided on the change back in mid-October, but today (December 10) made the change official.

It said the name would help the trust better promote its success in the interests of all shareholders.

The trading symbol listed on the London Stock Exchange is already ‘MIGO’, which came as part of the name change back in 2016.

The vehicle is managed by Nick Greenwood and Charlotte Cuthbertson and trades at a share price of 380.50p, a premium of 0.80 per cent to net asset value. 

The trust invests mainly in closed-end investment funds traded on the London Stock Exchange’s main market, but has the flexibility to invest in unlisted closed-end funds and open-ended investment funds. 

ruby.hinchliffe@ft.com