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Miton enjoys ride in the theme park

Miton Asset Management says the consistent outperformance of its special situations fund over the last 10 years is due to long-term asset allocation without following any particular investment style or benchmark.

The CF Miton special situations fund is ranked first in the Investment Management Association’s balanced managed sector since launch in January 1998, rising by over 215.1 per cent compared with the sector average of 73.5 per cent.

It has outperformed its sector in nine out of 10 years and is top decile in eight years.

The global fund of funds is run by lead manager Martin Gray in a way that avoids benchmarks and index tracking. Gray takes a top-down approach to fund selection, investing in themes he thinks will play out successfully over the long term.

Gray says: “The fund has been consistent since launch. It has lost less in the market downturn and risen more than other funds, except in 2006. I felt the credit and debt crisis was inevitable and that is partly why the end of 2006 was not good for the fund – I called it a bit too early.

“There was greater correlation between markets last year, so I chose to be a bit more defensive while looking at ways to improve risk and reward. I try to find funds that are undervalued and build a position that will reward investors when it comes to fruition but if I have got it wrong, I am not afraid to accept it.”


25 Lenders sign up for mortgage club

A new mortgage club is being set up by Positive Solutions to offer exclusive deals.The club, announced at its National Partners Forum in Birmingham last week, will give partners access to improved fees and higher service standards from 25 lenders, including Abbey for Intermediaries and RBS Intermediary Partners.It will be supported by 16 regional mortgage […]

Pink Home Loans totals 400 appointed representatives

Pink Home Loans has announced that its Appointed Representative numbers have reached the 400 mark.The mortgage network says it has seen an impressive increase in its business writers throughout 2007, rising from 279 in January 2007 to 400 in just over 12 months.It says it has an added pipeline figure of 57.James McInnes from Christie […]

Tiner picked for Tory review

Former FSA chief executive John Tiner is to take part in an independent review of regulation commissioned by the Conservative Party.The review will be led by former head of the Government’s Better Regulation taskforce Sir David Arculus. It will analyse where the current regulatory system goes wrong and how it could be improved.Shadow Secretary of […]

Is it all black and white?

The announcement on Monday that sub-prime firm Black and White was withdrawing from the regulated mortgage and insurance market caused surprise and confusion across the industry.

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]


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