Unicorn's UK Income positions for vaccine and Brexit boosts

Managers praise performance amid pandemic

David Brenchley
clock
Simon Moon and Fraser Mackersie of Unicorn Asset Management
Image:

Simon Moon and Fraser Mackersie of Unicorn Asset Management

Unicorn's UK Income fund added to its holdings in financial services firms Polar Capital and Brewin Dolphin after putting a "phenomenal level" of cash into the market in March and April, as it aims to capture the trend of small and mid caps' outperformance during an economic recovery.

Few new additions came into the fund despite stockmarkets tumbling in the early part of last year, but managers Simon Moon and Fraser Mackersie were able to top up a number of existing holdings at attractive valuations. Not all earnings are created equal: Online retailers, gaming and diagnostics emerge as winners of 2020 Two of those were wealth manager Brewin Dolphin and asset manager Polar Capital, which have been in the fund since 2009 and 2014 respectively, on share price weakness. "Dividend payments proved to be resilient and AUM recovered strongly in the second half of the ye...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Industry Voice: T. Rowe Price's 2022 Midyear Market Outlook summary

Industry Voice: T. Rowe Price's 2022 Midyear Market Outlook summary

Transitioning to a new paradigm

Ritu Vohora, Investment Specialist, Capital Markets at T. Rowe Price
clock 23 June 2022 • 2 min read
Amazon shares are down 40% from its peak

Growth stock pickers feel like 'a kid in a candy shop'

'It is time to go shopping'

clock 22 June 2022 • 4 min read
30% increase in the number of clean tech deals.
UK

UK smaller business investment jumps to record £18.1bn in 2021

UK tech investment doubled to £8.2bn

clock 21 June 2022 • 2 min read
Trustpilot