This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+181214

Midas fund adopts cautious attitude

  • Print
  • Comment

MAM Funds is taking a fairly cautious stance in its Midas balanced income fund, favouring bigger blue chip companies with strong balance sheets and dividend growth.

Chief investment director Alan Borrows is also finding opportunities among firms with exposure to fast growth and managers who are taking advantage of the continued deleveraging of banks, which means paying off debt that was taken on to generate growth. Borrows says banks are looking to get unwanted commercial property loans off their books and are unwilling to get involved in leveraged buyout deals, creating a window of opportunity.

In the commercial property sector, Midas balanced income is holding the Duet real estate fund, which finances the high quality property deals banks are looking to offload. He also highlights fund of hedge fund holdings in Acencia debt strategies and Signet global fixed income strategies as funds positions to take advantage of a pick-up in distressed debt.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth


Fund Data

Editor's Pick



Poll

Two years on from the RDR, do you think consumers are better off as a result?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments