By Fiona Henderson Venture capital trust managers are moving away from investing in gilts and cas...
By Fiona Henderson Venture capital trust managers are moving away from investing in gilts and cash prior to fully investing the trust's capital and instead are placing the funds within their own unit trust ranges. Martin Churchill, director of research at www.taxshelterreport.co.uk, said as the companies in which VCTs invest are at such an early stage of development, managers can wait three years before all the money subscribed is fully invested into venture capital. Fully invested means that 70% of funds must be in venture capital. While gilts and cash have always been widel...
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