“When we started SCM we wanted our own family money managed in a certain way,” notes fund manager and founding partner of SCM Private Alan Miller. “We wanted a high-liquidity, low-cost portfolio.”
Miller believes keeping portfolios liquid is important so that it is possible to change asset allocations quickly as well as to redeem a client’s assets into cash. This is why the company only invests using exchange traded funds (ETFs).
“Exchange traded funds are enjoying high growth in Europe,” says Mi
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