Friends to launch Aim VCT2 trust

Friends Ivory & Sime this week launches its Aim VCT2 run by Bill Brown and Robert Mitchell. Over the next three years the trust will invest in some 50 companies with a tilt toward technology and related sectors, such as medical, business software and biotechnology. Fund managers Brown and Mitchell already run the Aim VCT and the Aim investment trust. Mitchell said: "Although there has been a correction in the price of technology stocks, we believe this is still a growth market and there is plenty of upside left. We are very selective and do not back all new Aim issues, we prefer to conc...