Advisers should consider venture capital trusts as an income product as well as a growth investment ...
Advisers should consider venture capital trusts as an income product as well as a growth investment for their clients, according to Friends Ivory & Sime. Bernard Henshall Friends I&S' investment sales manager said the trend towards VCTs paying dividends has widened their appeal to investors. The group has just started raising £40m for the issue of its second Aim VCT, but its first trust in this market Friends I&S VCT I, which is less than two years old, has already starting making dividend payments. Henshall said: "VCT1 has already paid out 4.9p per share and there is another 8p to be di...
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