Barron, who took charge at Miton in March this year, said despite the UK’s decision to leave the European Union, and the uncertainty this has created, the domestic market still offers plenty of opportunities.
For this reason he added the firm has no plans to build a range of funds for markets across the continent.
Barron said there has recently been what he termed “a market share shift towards people like us” – smaller, nimble firms – thanks to a combination of uncertain politics, regulatory pressure, demographic change and advances in technology.
“There is no need to build an EU domiciled range,” he said. “We are not trying to be all things to all men.”
Barron explained the burden on individuals to save for their retirement, an ageing population, the growth of cheaper passive products and the FCA’s asset management study have all made true active management stand out from the crowd.
He said in terms of Miton’s growth plans, he does “not feel we need to have a fund in every IA sector”, nor is it aiming to become “another Henderson or M&G”.
But, he added, it does have ambition to grow its £3.35bn assets under management.
“That does not mean we could not make significant inroads to take market share,” he added. “We are very ambitious.”
Last month Miton reported its AUM has surpassed the £3bn mark in the first six months of 2017 bolstered by strong inflows to its equity and multi-asset funds.
The firm is focusing on its core offerings and, according to Barron, already competing in the major asset classes and markets where advisers allocate capital: EU, UK, US and multi-asset funds.
Miton sees further opportunities in the US and Europe through a multi-cap approach.
The company is also targeting the small cap space in the near future, but Barron would not be drawn on which jurisdiction it will target.
