LONDON (Alliance News) - Acorn Income Fund Ltd Wednesday outperformed the Numis Small Company excluding investment companies Index, FTSE All Share Index and FTSE Small Cap ex investment companies Index in the half year to the end of June.
It posted a total return on gross assets of 11.92% for the half year, compared to an 11.77% return from the Numis Small Company excluding investment companies Index, a 3.02% return from the FTSE All Share Index, and an 11.86% return from the FTSE Small Cap excluding investment companies Index.
Acorn holds its investments in two portfolios, with assets comprising of equities and fixed interest securities. Around 70-80% of its assets are invested in smaller capitalised UK companies traded on the London Stock Exchange or Alternative Investment Market.
Shares in Acorn were up 0.1% at 356.00 pence Wednesday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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