Three trusts snapped up during Covid crisis by Miton Global Opportunities

Enormous widening of discounts in recent months

The managers of the Miton Global Opportunities fund have increased their exposure to alternative investment trusts as they saw an "enormous dislocation" in markets during the March coronavirus market sell-off.

Co-manager Charlotte Cuthbertson told Investment Week the market had become "incredibly narrow" in recent months, with investors chasing healthcare and technology to the detriment of all other sectors. That is just as true in the investment company world, with Cuthbertson noting "dislocation[s] between what is going on in the underlying portfolios of our investee trusts and how the share price is reacting". Law Debenture uses Covid-19 market falls to position for future dividend growth "We have seen an enormous widening of discounts," Cuthbertson said. "During the crash, we saw mar...