Friends Ivory & Sime (FIS) is to launch a technology VCT in October under its recently launched Isis...
Friends Ivory & Sime (FIS) is to launch a technology VCT in October under its recently launched Isis retail brand, which was launched last month, writes Adam Lewis.
According to marketing literature the group has sent to intermediaries, the trust will be run by Stephen Grant, who manages the Ivory & Sime UK Smaller Companies Trust, and Glen Nimmo, who manages the Discovery Trust.
The policy of the VCT will be to catch the rebounds in stock valuations. For the three-year period when not fully invested, the trust will invest up to the 30% legal limit in large, liquid technology companies, and progressively move money into small qualifying firms.
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