Bringing you live news and features since 2006 

Boutique firm offers dividend and capital growth returns


David Horner is managing director and founder of GBP650 million boutique investment firm Chelverton Asset Management.  A specialist in managing small and mid-cap portfolios, the firm runs two OEICs and two investment trusts in its listed business.

Chelverton also creates and manages unquoted investments for the Chelverton Investor Club, where the investment is mostly made under EIS.
Horner began his career as an accountant, working in Corporate Finance for 3i plc and then Strand Partners where he was involved in restructuring and refinancing small public companies.  The difficult investment year of 1998 saw him make a brave call, establishing Chelverton with an investment trust, the Chelverton Growth Trust, which invests in smaller public companies and, more recently, unquoted opportunities.

The difficult investment markets around 1998/99 raised opportunities around income and the firm subsequently launched its top-performing Chelverton Small Companies Dividend Trust, a vehicle the firm is looking to grow.

2005 saw Chelverton partner Dave Taylor join the firm and it moved into OEICs, launching in 2006 what has become the UK Equity Income Fund, with a yield in excess of 4 per cent.  In October 2014 Chelverton launched its UK Growth Fund, this newest addition to its stable sitting at the top of the charts since launch and top in its sector after just one year of trading.
“My aims are to have good investment performance from our funds and for the team to enjoy working at Chelverton.” Horner says.  The ex-FTSE investment pools in which Chelverton fishes are not deep, so the firm wants to grow steadily and will be unlikely to manage billions.

“Wealth managers are amongst our most typical investors,” Horner says, “but as the funds have got bigger and better known, other advisers have come along.  We launched the growth fund on the back of the success of our income proposition in the small and mid-cap space.

“Advisers who know us understand our position and our proposition”, says Horner, “but a lot of people don’t know us at all.  We want to grow in a controlled manner.  People find the income proposition extremely attractive, and people are casting around for income – and that is not going to change any time soon.”

Latest News

BlackRock's iShares, an undisputed leader among European ETF issuers, pushed further ahead in Q1 with EUR173 billion in trades, triple..
European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs’ share of the US ETF market rose to 8.5 per cent at the...
Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by