Analyst Research Report Snapshot

Title:

ACORN INCOME FUND - HIGH YIELD AND CAPITAL PERFORMANCE

Price:

$10.00

Provider:

Edison Investment Research

Date:

26 Mar 2013

Pages:

12

Type:

AcrobatPDF

Companies referenced:

AIF.L BRIGB.L CITY.L CLIG.L COLT.L CTY.L DHG.N DIG.L DIVI.L EDIN.L FCI.L FGT.L IVI.L JCH.L LWI.L MRCH.L MUT.L PLI.L SCF.L SHRS.L SLET.L TIGT.L TMPL.L VIN.L

Available for Immediate Download
Summary:

Acorn Income Fund (AIF) targets a high level of income and aims to generate both income and capital growth from a mixed portfolio of smaller cap UK-listed equities (70%-80%), and an income portfolio of fixed-interest securities, and investments in high-yielding investment companies (together 20%-30%). It is benchmarked against the Numis Smaller Companies Index (ex-investment companies). The income portfolio supports dividend-paying capacity and provides some off-set to the NAV volatility implied by a concentrated portfolio of equities (30-40) and relatively high gearing (52% gross, including the zero dividends preference shares (ZDPs)). AIF has built up an impressive long-term record of outperformance of its benchmark (AIF has beaten the index by more than 15% over the past year), and is now looking to expand its asset base. AIF is seeking shareholder approval to issue new ordinary shares and ZDPs.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.