Miton Worldwide Growth Investment Trust (MWGT) aims to achieve longer-term capital growth by investing mainly in other investment trusts that are trading at what the manager believes is an unjustifiably wide discount to net asset value. The stock-specific, special situations approach means the trust may lag a strongly rising market, but over the medium term it has delivered on its absolute return aim with lower volatility than pure equity strategies. Its own c 10% discount could present an opportunity for an extra layer of upside.

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