Miton Worldwide sets out liquidity measures to attract inflows

Nick Greenwood's Miton Worldwide Growth trust has proposed new measures to provide investors with more liquidity in a bid to attract inflows.

The board of the £46m trust is planning to give investors the opportunity to realise part or all of their shareholding at three year intervals from 2018. Shares that are to be realised will be redesignated as realisation shares. The directors are also proposing to scrap the performance fee on ordinary shares, introducing a performance fee of 15% on all cash realised through the realisation shares instead. These measure are being implemented to attrack inflows into the trust, which has failed to see significant inflows from investors. The trust's assets are significantly below th...