The latest in funds and investments across the UK, Europe, Middle East and Africa.

Financial services firm Miton will launch the LF Miton US Smaller Companies Fund on 14 March.

The US Smaller Companies Fund will invest in companies with a market value of between $100m and $6 billion, at the time of purchase.

The new LF Miton US Smaller Companies Fund will invest in a portfolio of between 70-100 companies. Almost a quarter of the initial portfolio will be weighted in the financial sector, with almost another quarter invested in information technology companies. The remainder of the portfolio will comprise securities in the following sectors: consumer discretionary, consumer staples, energy, healthcare, industrials, materials, real estate, telecommunication services and utilities.

It will be managed by Nick Ford and Hugh Grieves, managers of the LF Miton US Opportunities Fund, who collectively have over 40 years’ experience in managing US equity funds. Ford previously managed the SWIP American Smaller Companies Fund.