Investment Firepower

10th April 2019

The Citywire A-rated managers of the MFM UK Primary Opportunities fund have significant firepower in their arsenal to take advantage of current market volatility and forthcoming primary opportunities.

The trio – lead manager Oliver Brown alongside his two co-managers, Bob Brown and Alan Beaney – are holding 10% of the fund in cash, up from typically 3%, ready to deploy when markets sell-off and discounts rise.

‘We continue to consider the UK market to be unloved and offering value,’ says Brown. ‘With a UK market dividend yield in excess of 4%, regardless of the inevitable volatility, we are paid to wait and we believe greater certainty over Brexit and the health of the global economy will emerge in coming months.’

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