Downing soft-closes micro-cap OEIC at £30m

Judith MacKenzie, manager of the soft-closed fund

Judith MacKenzie, manager of the soft-closed fund

Downing has soft-closed its MI Downing UK Micro-Cap Growth fund, managed by Judith MacKenzie, as it has reached its £30m capacity limit.

The £30.6m micro-cap OEIC has been closed to new investments, although monthly savings plans will continue as normal. Managed by MacKenzie and her team since February 2011, the fund has returned 136% over five years to 9 June, versus the IA UK Smaller Companies sector average of 121%, according to FE. The vehicle has drawn a strong following among investors who have been attracted by MacKenzie's distinctive strategic approach and private equity investment style. MacKenzie said: "It has always been our intention to soft-close the fund at £30m as size is critical to maintaining the ...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on UK

Amazon shares are down 40% from its peak

Growth stock pickers feel like 'a kid in a candy shop'

'It is time to go shopping'

clock 22 June 2022 • 4 min read
30% increase in the number of clean tech deals.

UK smaller business investment jumps to record £18.1bn in 2021

UK tech investment doubled to £8.2bn

clock 21 June 2022 • 2 min read
Markets are generally positive in months with rate rises

Rate hikes could have 'benign' impact on equities

Follows Fed 75bps hike

clock 20 June 2022 • 1 min read