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Three-year records set to increase interest in Midas

Liverpool-based fund company Midas Capital expects increased IFA interest in its funds since they attained three-year track records.

The Midas balanced income and Midas balanced growth funds have taken around £40m since the beginning of the year and the company reports strong interest from IFAs and insurance company platforms on the back of the three-year landmark.

According to Standard & Poor’s, the balanced growth fund is ranked second out of 78 funds in the IMA balanced managed sector and the balanced income fund is ranked second out of 29 funds in the Investment Management Association’s cautious managed sector over three years to April 25, 2005. These figures are based on £1,000 invested on a bid-to-bid basis with net income reinvested.

In a hybrid investment style, Midas Capital manages the UK equity and fixed interest elements itself, while outsourcing overseas equity exposure and other asset classes such as property, private equity and structured products to other management groups.

Despite the presence of other fund companies within the portfolio, Midas does not consider itself a multi-manager as it invests directly in some areas.

Midas Capital head of business development David Thomas said: “Our small investment team originally ran a large pension fund. They came to appreciate that they could add value through asset allocation and stockpicking in the UK market but in other areas it was better to pick a good third-party manager with more detailed knowledge. We continued that style when we launched the retail funds in 2002.”


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