Author Topic: Advice re: Miton Global Opportunities Trust  (Read 1209 times)

jade

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Advice re: Miton Global Opportunities Trust
« on: December 28, 2016, 08:32:04 AM »
Hi all,

I wondered if anyone here has heard of / can advise on Miton global opportunities trust run by Nick Greenwood? I found an article in Saga magazine about how you can buy 1 worth of assets for 70p because when small investment trusts are managing assets of less than 3-400m, wealth managers won't buy them. Apparently Nick holds all the most interesting discounted trusts in his own fund.

We are new to S & S, having opened a Vanguard Lifestrategy 60 via Charles Stanley Direct after advice from the forums, for simplicity a few months ago and have about 6 k so far. We're newbies and keeping it simple but also trying to learn a little and keep an eye out for diversification opportunities. Wondering of this is worth investing in and if anyone knows if it's available via Charles Stanley Direct?

Many thanks!


trollwithamustache

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Re: Advice re: Miton Global Opportunities Trust
« Reply #1 on: December 28, 2016, 08:49:32 AM »
Closed End Funds tend to trade at a bigger discount when their fund managers have a track record for under performing the market.  If a hedge fund gets interested in buying up the whole fund (or majority of the shares) and liquidating this can get interesting as an arbitrage trade, but it doesn't sound like you have any information to this effect.

Also, a fund of funds means management fees are paid at each level.

jade

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Re: Advice re: Miton Global Opportunities Trust
« Reply #2 on: December 28, 2016, 11:06:02 AM »
Closed End Funds tend to trade at a bigger discount when their fund managers have a track record for under performing the market.  If a hedge fund gets interested in buying up the whole fund (or majority of the shares) and liquidating this can get interesting as an arbitrage trade, but it doesn't sound like you have any information to this effect.

Also, a fund of funds means management fees are paid at each level.

Many thanks trollwithamustache! That sounds a bit beyond us and that more info would be needed. Appreciate the info.

frugledoc

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Re: Advice re: Miton Global Opportunities Trust
« Reply #3 on: December 28, 2016, 01:21:23 PM »
It's a fund of funds so you  are paying fees to the manager plus the fees of the funds it holds.   This makes it very expensive.

Hargreaves Lansdowne says the discount is 6% not 30%.

In my opinion, avoid and just buy the vanguard all world index tracker at 0.24%

jade

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Re: Advice re: Miton Global Opportunities Trust
« Reply #4 on: December 29, 2016, 02:01:30 AM »
It's a fund of funds so you  are paying fees to the manager plus the fees of the funds it holds.   This makes it very expensive.

Hargreaves Lansdowne says the discount is 6% not 30%.

In my opinion, avoid and just buy the vanguard all world index tracker at 0.24%

Thanks frugaldoc, that helps. Are you suggesting the vanguard world index alongside the vanguard life strategy 60?