Octopus Invstments has today launched a VCT portfolio services for UK investors aimed at generating average returns of 10% per annum over the medium-term.
The portfolio service will invest in a diverse range of between 10 and 15 mature generalist AIM VCTs, including Octopus’s own trusts.
VCTs with quality underlying investments will be chosen, according to Octopus , and track-record coupled with consistent dividend delivery will also be important considerations.
Chris Hulatt, director of Octopus, comments: “Many VCTs are now reaching maturity and are demonstrating that they have the ability to deliver a consistent dividend stream in excess of 7% per annum.
“To date, few investors have benefited from the extensive opportunities available in the VCT secondary market given the extensive information, skills and time required to analyse their underlying investment portfolios.”
Octopus hopes to raise up to £10m by the end of the 1008/09 tax year and the minimum investment level for retail investors is £30,000.
The portfolio service aims to earn tax-free income of 6% after charges, equivalent to 10% for higher rate taxpayers.
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