Micro-cap fund Acorn slips on debut

Investment fund that helps retail investors access micro-cap stocks delivers weak ASX start.

Shares in a new retail investment fund launched by veteran micro-cap fund manager Acorn Capital have declined by as much as 6.5% on their first day of trade.

Shares in the new Acorn Capital Investment Fund opened at 95c compared with the $1 per share listing price, before slipping to 93.5c. The fund issued 50.8 million ordinary shares, together with 50.8 million options.

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