Miton has unveiled its intention to apply a highly concentrated mid-cap approach to its new European fund, to be launched next week.
The CF Miton European Opportunities fund will launch on 14 December and be managed by Carlos Moreno, who joined Miton from JO Hambro Capital Management, and Thomas Brown who joined from Mitsubishi Bank. The total return focused fund will have 40-55 stocks, averaging 45 holdings which will be selected from a multi-cap universe of 1,500 companies. Miton said it intends the fund to be "very different" from other peers in the IA Europe ex UK sector as a result of differentiation from its benchmark, which the group hopes will make it a complimentary holding alongside other European funds....
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