Miton is set to introduce a US Smaller Companies fund on 14 March 2018 that will focus on smaller companies in North America with significant growth potential.
The vehicle will invest in 70 to 100 firms, having market values ranging between $100m and $6bn.
Around a quarter of the portfolio will be held in financials, while another quarter will be held in IT firms. The remaining portfolio will be held in consumer staples, energy, healthcare, industrials, materials and telecoms.
Miton head of sales Neil Bridge said: “The US market is dynamic and the smaller companies universe lends itself to an active management approach. This fund will complement Miton’s existing equity fund range by offering investors further choice in US equity markets. This is an exciting opportunity for those investors who are looking to achieve capital growth by accessing fast growing and disruptive US smaller companies.”
The new vehicle will be managed by Nick Ford and Hugh Grieves, who have been running the Miton US Opportunities fund.
“We consider the US to be one of the most active geographies for finding such entrepreneurial companies. It provides a business friendly environment which is open to new ideas and business models, while providing easy access to early stage capital,” Ford stated.