Firecrest unveils Consistent Growth fund

Firecrest Fund Management is launching a small-cap fund to take advantage of low price earnings rati...

Firecrest Fund Management is launching a small-cap fund to take advantage of low price earnings ratios in the sector. The MFM Firecrest Consistent Growth fund will be run by Marlborough Fund Managers with Firecrest CIO Nigel Milton as investment adviser. Milton will focus primarily on small- to mid-cap stocks with low price earnings ratios relative to their forecast earnings, having identified some companies with P/E ratios as low as six or seven. "In many cases these low ratings still appear to discount ongoing economic uncertainty," Milton says. "Based on robust company business m...