- Miton UK MicroCap Trust posted a negative performance in the first half as uncertainty over a Brexit outcome hit the small caps sector.

The company's net asset value for the six months through October fell 12.8%.

The FTSE SmallCap Index fell 5.9% and the FTSE AIM All-Share Index fell by 8.2% over the same time period.

Miton UK MicroCap Trust's total return per share was a loss of 6.82p compared to a loss of 12.83p in the year through April 2019.

Chairman Andy Pomfret said mainstream markets were flat during the reporting period, and many microcap share prices were depressed as buyers awaited more detail regarding Brexit.

'This has led to a disappointing performance for your Trust over the half year,' he said.

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