this document is issued by miton asset management ltd who are authorised & regulated by the...
Post on 21-Dec-2015
218 views
TRANSCRIPT
This document is issued by Miton Asset Management Ltd who are authorised & regulated by The Financial Services Authority
Introduction
The Special Situations Fund
• Martin Gray – Fund Manager
• Roger Clarke – Offshore Sales Director
• Who are Miton Asset Management?
•The Special Situations Fund
• Investment Philosophy and Process
• Performance & Awards
Who are Miton?
• Subsidiary of UK AIM listed company (Midas Capital)
• Global Tactical Asset Allocation Specialists
• Managing global portfolios since 1979
• Assets under management and advice of US$ 4,2
• Offices in UK, Hong Kong, South Africa & Guernsey
• Distributed throughout Europe, Middle East and Asia Pacific, South Africa
Special Situations Philosophy
• A Balanced Managed Multi Asset Fund
• Global tactical asset allocation specialists
• Utilise multi manager, multi asset approach – Fund of Funds.
• Focus on absolute not relative returns
• Not constrained by benchmarks
• Not Index based
• Aims to produce positive returns, whilst managing downside risk.
• Available in GBP US$ & Yen
Macro- Economic ResearchGlobal Influences determining the asset class:
Cash/ Equities/ Bonds/ Commodities/ Property/ Alternative Strategies
Macro- Economic ResearchGlobal Influences determining the asset class:
Cash/ Equities/ Bonds/ Commodities/ Property/ Alternative Strategies
Investment Process
‘Asset Allocation More Important Than Fund
Selection’Fund
Selection
Geographical ExposureWhich are the favoured Financial Markets
Market Cap BiasOften determined by
sector bias
Sector BiasIncreasing Globalisation of economies
makes this a vital exercise
TECHNICALFUNDAMENTAL
90 % ofReturns
10 % ofReturns
Asset Allocation
As at 31.05.08
Alternative Strategies8.88%
Global Bonds8.57%
Cash31.23%
US0.65%Asia
11.62%
Emerging Markets
2.57%
Japan8.72%
UK7.05%
Resources8.17%
Zeros7.37%
Property5.52%
Risk Reward Analysis
CF Miton Special Situations Portfolio. Since Launch 26.12.97 Risk / Return Scattergram to 30.4.08.
*Source Lipper Hindsight
0
50
100
150
200
250
0 0.2 0.4 0.6 0.8 1 1.2 1.4
Special Situations
Balanced Sector
% G
RO
WT
H
RISK
Discrete Annual Returns
*Source: Lipper Hindsight as at 30.4.08 since launch 31.12.96
-30
-20
-10
0
10
20
30
40
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
CF Miton Special Situations IMA Balanced Sector
Awards
2008: 2008: CF Miton Special Situations CF Miton Special Situations Top 10 Consistent UK Funds
2008: 2008: CF Miton Special Situations CF Miton Special Situations Daily Telegraph Top Dozen Fund Managers
of the Decade
2007: 2007: CF Miton Special SituationsCF Miton Special Situations Lipper Global Mixed Asset GBP Short listed
2006:2006: CF Miton Special Situations CF Miton Special Situations Investment Week Asset Allocator Award
CF Miton Special SituationsCF Miton Special Situations Lipper Global Mixed Asset GBP Short listed
CF Miton Special SituationsCF Miton Special Situations Moneywise Pension Top Balanced Managed Fund
CF Miton Special SituationsCF Miton Special Situations Investment Week Asset Allocator Award Winner
CF Miton Special SituationsCF Miton Special Situations Lipper Global Mixed Asset GBP Balanced
2005:2005: CF Miton Special SituationsCF Miton Special Situations Investment Week Asset Allocator Award
CF Miton Special SituationsCF Miton Special Situations IMA Balanced Sector 1st over 1 yr, 3ys, 5yrs
CF Miton Special SituationsCF Miton Special Situations Lipper Mixed Asset Balanced GBP 3 Yrs Winner
20042004:: CF Miton Special Situations CF Miton Special Situations Lipper Balanced Sector 1Year Winner
Special Situations – Key Points
• An award winning multi asset managed fund
• 10 yr + track record
• Manages downside as well as capturing upside
• Annualised return of 17.99% in GBP over 5 yrs and 10.65%pa over 10 yrs
• Available in GBP US$ & Yen
• Sales Support throughout Asia & Middle East
• UK or Guernsey domiciled funds
Mark Dampier Money Marketing
“..It is refreshing to meet a group that not only wants to make money for its clients but also wants to manage downside risk”
Important Information
This document has been issued by Miton Asset Management limited which is authorised and regulated by the Financial Services Authority and is registered in England No.01949322. Its registered office is at 82 Saint John Street, London EC1M 4JN. This document does not constitute an offer or invitation to any person. This document is for information only; the information and opinions contained have been compiled or arrived at from sources believed to be reliable and given in good faith but no representation is made as to their accuracy, completeness or correctness The opinions contained in this document are subject to change and are not to be interpreted as investment advice. Miton Asset Management limited, its directors, officers, employees and their associates may have a holding in the Fund as well as in the securities referred to herein. The value of investments and the income from them may vary and you may realise less than the sum invested. Tax assumptions may change and you should rely on your own tax advisor when considering your personal circumstances. The fund may have exposure to securities denominated in currencies other than sterling; changes in exchange rates may have an adverse impact upon the fund’s performance. The investment may not be suitable for all recipients of this publication and any doubts regarding this should be addressed to your financial advisor. The current prices, details of the fund holdings and the simplified prospectus, which contains details of the risks and charges of the fund , can be obtained at www.mitonam.com or by telephoning 0118 952 8900.