MI Downing UK Micro-Cap Growth Fund
Objectives and Investment Policy
The Fund aims to grow your investment.
The Fund will invest in a concentrated portfolio of between 25-30 smaller companies which are included in the Numis Small Cap plus AIM excluding Investment Trust Index, and which are based, or carrying out much of their business, in the United Kingdom. Smaller companies will typically be those valued between £20 million and £150 million at the time of investment.
The Fund will invest in companies that show strength of management, strategies that have been overlooked by the stock market and the potential to increase valuations by an Internal Rate of Return (IRR) of 15%. The IRR is used to measure and compare the rate of growth various companies are expected to generate.
You can buy and sell shares on any business day in London.
Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years.
For full investment objectives and policy details please refer to the prospectus.