Pasties and payday loans: The stocks driving Williams' income fund

MAM Funds' Gervais Williams has revealed the key stocks driving performance on his Acuim UK Multi Cap Income fund, which reached its one-year anniversary this month.

The £33m, 100-stock portfolio has had a storming first year, returning 19.2% against an IMA UK Equity Income sector average of 13.3%, according to FE. Williams' fund has been boosted by several consumer-focused plays at the small- and micro-cap end of the market. Among the top 20 holdings are financial services provider Fairpoint, online gambling company 88, food manufacturer Greencore Group, software and outsourcing firm Quindell Portfolio, and high street baker Greggs. Recent addition Greggs has had a challenging few months with the government’s introduction of and subsequent U-t...