Williams plans to double holdings as Miton UK Smaller Companies soars

Williams plans to double holdings as Miton UK Smaller Companies soars

Gervais Williams is managing director of Miton Group, and has more than 20 years' experience covering the UK smaller companies sector, running a number of mandates including the Diverse Income trust, the Miton UK Multi Cap Income fund, and the Miton UK Smaller Companies fund.

The latter has been a particularly strong performer, returning 60% over the year to 30 May versus a sector average of 23%, according to Morningstar. Here Williams explains how his fund navigated the small- and mid-cap sell-off, why smaller companies are raising their dividend payouts, and how the abundance of IPOs has created opportunities. The Miton UK Smaller Companies fund has returned 60% over the past year, more than double the sector average. What has driven this? One difference with us is that we are invested in many micro-cap companies, those which are below £100m. This is ...