Guide questions credibility of VCTs

By Robert Stock Some VCTs currently available and others being launched into the market lack credibility and are tantamount to opportunist offerings, according to Hargreaves Lansdown. The group has completed a guide to VCTs for its clients and is intending to make it available in the New Year. Ben Yearsley, author of the guide and investment manager at the group, said: "In the case of some VCTs they are only being launched for the sake of launching the trust with the perceived knowledge that it will probably sell out due to last year's popularity." Yearsley added there has been a shif...