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Acorn Income Fund (AIF)

Business description

AIF's objective is to provide a high level of income with the opportunity for income growth and capital growth over the life of the company. AIF is geared through a ZDP stock. The portfolio is split into two pools, one (70-80% of assets) is invested in UK small-cap equities, the other is an income portfolio containing sterling fixed-interest instruments, reverse convertibles and high-yielding shares in other investment companies.

Continuity after death of John McClure

Update | Investment Companies | 12/06/2014

Since this note was originally published, John McClure – who had managed the small-cap portfolio of AIF since launch, first at Granville Asset Management and later at Unicorn Asset Management – passed away on 7 June 2014. Simon Moon and Fraser Mackersie, who had worked with McClure on the trust since 2008 and were named as co-managers in December 2013, will continue to manage the portfolio together.

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Stock data

Market cap.£62.2m
Last close393.000p
High / Low (52 weeks)478.0p / 375.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

Price performance

%1m3m12m
Actual(2.96)(7.8)(16.6)
Relative *(1.3)1.1(11)

* % Relative to local index

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