Matrix to postpone TriFund launch

Matrix Securities, sponsors of the forthcoming TriFund VCT, may delay launching the product until the next tax year after disappointing share sales in the tail end of 2001. Bridget Cleverly, marketing director at Matrix, said a decision would be taken in the near future. A launch in this tax year was by no means certain, she said, as supply of VCTs was far outstripping demand, with supply running at about £300m and actual investments at £20m. TriFund VCT, a multimanager trust, will be split equally between technology, generalist and Aim exposure. 'Sales of VCTs have been poor this year,...