Midas Capital’s total funds under management have broken through the £750m barrier, most which is invested in its two multi-asset portfolios.
The firm runs a total of over £440m through the CF Midas balanced growth and CF Midas balanced income funds. The remaining funds under management are held in the Midas income and growth investment trust and segregated accounts, including the London Borough of Barnet pension fund.
Midas has this year added its funds to a number of platforms, including Cofunds, which has improved distribution.
The £215.8m CF Midas balanced growth fund has returned 10.2 per cent over the year to the end of October against the sector average of 6.9 per cent. The CF Midas balanced income fund has returned 10.1 per cent against the sector average of 5.2 per cent.
The CF Midas balanced growth fund has recently taken a position in a structured product from Societe Generale that is linked to the Dow Jones Eurostoxx 50 index.
Head of business development David Thomas says: “The Societe Generale structured product is a new issue which gives 200 per cent of the upside of the Eurostoxx index. It also provides an element of capital protection unless the index falls by 30 per cent. We use products like this to gear returns to the market while benefiting from downside protection.”