Miton UK MicroCap Trust benefits from oil price rise and metal prices firming

Miton UK MicroCap Trust plc (LON:MINI) has announced its Factsheet for the month ended 31 March 2024.

Manager commentary

During March, a new trend may have started to develop, with the oil price steadily rising, and even some metal prices firming late in the month. It was also notable that the share prices of many of the largest companies also lost momentum during March.

The trust’s portfolio tends to invest in all areas of the micro-cap market, including some energy and commodity companies. Commodities are raw materials used to manufacture consumer products. We include holdings in these industry sectors for two reasons.

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