Quantcast MI Downing UK Micro-Cap Growth Fund | Downing

MI Downing UK Micro-Cap Growth Fund


Please note:

The Fund’s Authorised Corporate Director has now been rebranded as Maitland Institutional Services Limited effective as of 1st April 2016. Following the rebrand the PFS Downing UK Micro-Cap Growth Fund has been renamed MI Downing UK Micro-Cap Growth Fund. This is for your notification only, no further action is required.


MI Downing UK Micro-Cap Growth Fund seeks to achieve capital growth by investing in a concentrated portfolio of between 25-30 UK smaller companies (typically those with market capitalisations between £20 million and £150 million).

It seeks to generate capital growth from a portfolio of companies within the Numis Smaller Companies Indices, whilst retaining a strong focus on capital preservation; and aims to outperform returns from other UK small-cap equity funds by selecting investments that the Investment Manager believes are undervalued by the market.


Investment approach

The focused approach of the Fund allows the Manager to concentrate on a diligence process which is more akin to private equity than that deployed by many quoted fund managers.

Diligence is focused on identifying companies with sustainable competitive advantages, run by competent and aligned managers at an entry price that provides investors with a defined margin of safety.

The Fund is long term focused and is not distracted by the short term fluctuations and volatility of the equity market. An Investment Committee, comprising an independent chairman and senior individuals from within Downing, sits on a regular basis to monitor adherence to the Fund objectives and investment approach.


Monthly Factsheets


Short reports


Long reports

Important Notice

Investing in our products will place your capital at risk and you may not get back the full amount invested. Any tax treatment may be subject to change and the availability and value of the reliefs depend on the individual circumstances of each investor. The availability of tax reliefs also depends on the investee companies maintaining their qualifying status.

Further information can be found at HMRC’s website. Neither past performance or forecasts are reliable indicators of future results and should not be relied upon. Unquoted or smaller company shares are likely to have higher price fluctuations and are likely to be more difficult to sell than shares quoted on the London Stock Exchange Official List. Website content is not intended to constitute investment, tax or legal advice. We recommend you seek independent advice before investing in any of our products.

Important Notice

Downing’s investments place your capital at risk and you may not get back the full amount invested. Past performance and forecasts are not a reliable guide to future results. Tax treatment may be subject to change and depends on individual circumstances. Smaller company shares are likely to have higher volatility and liquidity risks than other types of main market listed instruments. We recommend that you seek professional independent financial advice before investing. We do not offer investment or tax advice.

By clicking below you confirm you have read and understood the information above.