Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

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%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

David Horner
David Horner
2/79 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 85.33%
Your Business: Cover Star Club

Profile: How Arbuthnot Latham is future-proofing private banking

Profile: How Arbuthnot Latham is future-proofing private banking

Traditional does not have to mean sleepy and Arbuthnot Latham head of private banking Liz Bottomley has been quietly overseeing a restructure designed to ‘future-proof’ the business

Wealth Manager on Twitter