Unicorn's UK Income positions for vaccine and Brexit boosts

Managers praise performance amid pandemic

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...