Albion predicts bumper year for VCTs 'with or without platforms'

clock

The Venture Capital Trust (VCT) market is on track to generate a significant increase in new inflows this year, according to Albion Ventures managing partner Patrick Reeve, but it is not yet clear what role platforms will play.

Excluding enhanced share buybacks, where existing holdings are reinvested into a new offer, VCTs raised about £250m in 2013. Reeve anticipates inflows of new money to grow by a further 40% to reach £350m by the end of 2014. He said: "The investment climate is better, the stock markets are up and investors generally shell out a bit more when life is looking rosier. "There has been an increasing realisation over the past few years as pensions have tightened that VCTs can be used as a supplement." Reeve, while welcoming of the impending changes to the rules surrounding VCT purchases v...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 25 March 2024 • 5 min read
'Fundamental shift': Why transparent investing really matters

'Fundamental shift': Why transparent investing really matters

‘There needs to be a concerted shift towards greater openness’

Simon Camilleri
clock 18 March 2024 • 4 min read
Partner Insight: Passive and active — the case for both

Partner Insight: Passive and active — the case for both

Invesco
clock 18 March 2024 • 4 min read