fund manager david horner trying to bump up yield following departure of Webb
The number of stocks in the Premier UK Smaller Companies fund is to double and 10%-15% of the top-performing portfolio is to be invested in large caps following a change of manager. Chelverton Asset Management took over running the top-performing portfolio on 1 July from Unicorn after former manager Peter Webb decided to launch his own smaller companies unit trust (see page 5). David Horner, a director of Chelverton, who also runs BFS's Smaller Companies Dividend Trust, is lead manager on the fund and, since taking over the portfolio, has been making adjustments in order to bump up its...
To continue reading this article...
Join Investment Week for free
- 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