RE: Should I laugh or cry...18 Apr 2020 12:32
Have you seen the news lately re Miton??
Investors pulled more than £160m out of his Fund this quarter compared with POSITIVE in-flows last year. His fund has shrunk 75% over the past 18 months. They have redemptions, they just HAVE to sell. Do you understand how these funds work??
The fund peaked in 2018 at £199m under management but suffered £75 of withdrawals alone last year.
They were invested in AAOG for example down 96% over 12 months. Its across the Board.
Think Woodford but on a smaller scale, it doesn't mean theses guys suddenly do not like the company BUT if investors want money out/back then MITON has to sell, its as simple as that.