Secondary market first issue for VCT managers

With results in from nearly half the VCT membership in the AIC – representing 32 trusts – the development of a secondary market was picked as the number one issue by a third, 31%, of those responding. The need to impress on intermediaries the view VCTs are primarily about investment opportunities not tax planning took second spot with 24% picking it as their top priority, while the need to develop comparable performance data garnered 21% of the votes. The secondary market is important because it brings increased liquidity into the VCT market, where there is high risk attached to the s...