Downing re-opens MacKenzie's UK Micro-Cap Growth fund

Soft-closed in June 2017

Anna Fedorova
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Judith MacKenzie, manager of the Downing Micro-Cap Growth fund
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Judith MacKenzie, manager of the Downing Micro-Cap Growth fund

Downing has re-opened its UK Micro-Cap Growth fund, managed by Judith MacKenzie, which was soft-closed in 2017.

The vehicle, which has been managed by MacKenzie and team for eight years, was soft-closed in June 2017 to protect the interests of its investors as it reached its £30m capacity. However, with the vehicle's total assets now slightly below £20m, it has re-opened to new investments. MacKenzie said: "Despite a challenging political and economic backdrop for most asset classes, we believe that this fund will continue to offer the potential to deliver attractive returns to investors.  "As bottom-up stockpickers, we focus on quality businesses with strong balance sheets and earnings prof...

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