Every year, we meet hundreds of companies. Over the last 60 years, the Fund has invested across a variety of different industries, across market moods, and economic cycles.
Our default thinking is long term and our self-imposed process is rigorous and long-winded.
Having done that, it would be rather silly to waste all our effort and pursue a Buy on Monday, Sell on Wednesday strategy. Said differently, every purchase is undertaken with the intention to keep the company for many years. We think like owners and we act like owners.
Our Fund is one of UK’s oldest funds and is living proof that research-focused stock picking works. What is surprising to us is that so few in our industry are willing to follow a time-tested formula – not because they are not intelligent, but because patience is a virtue not everyone is gifted with.
We are known to be fussy and our due diligence is painstaking. In our view, investing differently may not guarantee success but blindly copying others guarantees mediocrity.
We believe that business is about people. Every year, we meet hundreds of teams to understand their ethos and motivation. We are looking for first-rate people who are aligned, financially and emotionally, with the success of their businesses. We seek to invest in people we trust and admire.
We are looking for special companies that have an edge or are market leaders. We are seeking where the upside potential is promising due to a large addressable market, industry tailwinds, attractive financials and pricing power.
Our wide network gives us access to quality investment opportunities, including discounted placings, liquidity events, IPOs, and blocks of shares. Brokers and intermediaries know our nimbleness and, for the right companies, we can invest almost immediately. In cash.
We are seeking undiscovered gems that are below the radar of larger institutional funds. This allows us an attractive entry valuation, re-rating potential and ultimately the three words we love Margin of Safety.
Reasons Why hundreds of investors
have invested in the Fund
A select portfolio
The portfolio is a collection of companies carefully chosen one at a time. Risk is further minimised through the wide diversification of industries.
The UCITS’ open-ended structure allows daily dealing – ensuring investors do not suffer from NAV discounts that often occur in investment trusts.
The Fund is FCA regulated and has several layers of oversight: ACD, Custodian and its own independent Board of Directors.
We Do Not …
We are investors in the Fund, so are friends and family. We are keen to attract like-minded investors into our Fund – but only after they have fully understood what we do.
Having said that, we are keen to express in simple English…. what we don’t do.
Try to be too clever
We do not attempt to time the market. Our style does not involve algorithms or any other forms of black magic.
Copy the index
We do not hide behind any index or popular companies. Benchmark composition does not influence our portfolio construction.
Charge hidden fees
We do not charge entry or exit fees. No performance fees either.
We do not invest in binary outcomes or businesses that we do not understand. We are known for our no-nonsense approach.
How to Invest
Through our UK based fund administrators
Download the appropriate application form (regular or ISA) from below
Fill in your basic details in a simple form (no additional documents are required)
Make payment using a direct bank transfer (only to the account mentioned in the form and no other)
Post the form to Maitland Customer Service Centre, Hamilton Centre, Rodney Way, Chelmsford, CM13BY
The above steps are required for the first time set up only.
For top-up investment, you do not need the form again.
As of April 2021, MI Sterling Select Companies Fund is available on the following investment platforms:
Fund Information can also be found on
Born in 1963. So what? We are still young.
One of the UK’s Oldest Funds
Greene & Co were stockbrokers who offered institutional broking and private client services. In 1963, the firm set up the Discretionary Fund (one of the first unit trusts in the UK) to provide a collective investment scheme for retail clients. The Fund management company remained a separate entity, though there were common directors and shareholders.
Greene underwent several changes of ownership:
Middleton first became Gerrard.
Old Mutual acquired Gerrard in March 2000, in a deal valued at £525m, forming Gerrard Management Services.
In 2003, Barclays Bank acquired the broking business from Old Mutual Plc.
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Sterling Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a limited company registered in England and Wales.