Analysis of the latest investment figures for Venture Capital Trusts (VCTs) seeking funding has seen...
Analysis of the latest investment figures for Venture Capital Trusts (VCTs) seeking funding has seen Bestinvest claim that the drought is over for such vehicles.
The positive note marks a turnaround from the recent failures of ISIS Technology, Gartmore Premier and Pathway One to pull in the minimum invesments needed to get off the ground.
In the week to 13 March, the sector overall pulled in £7.8m Bestinvest says, which not only made it the best week so far this year, but also ensures that all VCTs have met their minimum funding requirements.
Proportionately the worst performer so far according to the Bestinvest list is the Oxford Technology 3 VCT, which has only just raised the equivalent of the minimum amount it needs, or £1m out of a target of £10m.
The Oxford Technology 3 VCT is closing in the first week of April and requires a minimum £5,000 investment.
Proportionately best performer according to the latest weekly figures is the Baronsmead 4 VCT which required a minimum of £0.7m, yet has pulled in £6.5m, or more than 9x the minimum, on its way to a target of £30m.
The Baronsmead 4 VCT is closing in the third week of April and requires a minimum £3,000 investment.
Bestinvest does not give minimum funding figures for the Artemis Aim VCT or the British Smaller Companies 2 VCT.
The proportion of money raised across all VCTs seeking funding is still low compared to the target amounts, however, at just 25%.
Consistency and compliance vs. slower reaction time
Search for replacement to begin imminently
60+ £300bn ISA savings
Has technology moved on?
Total funds on list rise from 26 to 58