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AAA-rated Horner: Small-cap income and trusts go hand in hand

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by Robert St George on Feb 10, 2014 at 15:41

AAA-rated Horner: Small-cap income and trusts go hand in hand

David Horner, a Citywire AAA-rated manager, shares his thoughts on investing for income in small-caps with Wealth Manager.

He runs both the open-ended Chelverton UK Equity Income and two closed-ended funds, Chelverton Growth Trust and Small Companies Dividend Trust , but explains why he prefers the latter.

Over the past three years Chelverton UK Equity Income has returned 69.5%, compared with an average of 37.4% from its IMA UK Equity Income peer group.

The Chelverton Growth Trust has returned 100% through the same period, and the Small Companies Dividend Trust 114%. The equivalent figure from the FTSE All Share has been 27.8%.

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  • PFS Chelverton UK Equity Income Inst Inc
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  • Chelverton Growth Trust (Ordinary Share)
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  • David Horner
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