IN BRIEF: Miton UK MicroCap NAV down; bullish on UK outlook
12th Jul 2024 14:27
Miton UK MicroCap Trust PLC - investor in small cap companies - Statutory net asset value per share including fair value of warrants declines 12% to 56.29 pence as at April 30 financial year end, from 64.20p the year prior. "Beyond globalisation, policies such as reshoring manufacturing, which tend to boost inflation, are expected to lead to a much more challenging economic outlook. Interestingly, we believe changes like this favour companies funded with risk capital, such as those listed on stock markets, over those principally funded by debt, like private equities," the company says. Read More